Southland Holdings Inc Stock Price, News & Analysis

Southland Holdings (NYSE: SLND) reported its Q1 2025 financial results. The company saw revenue decrease by 16.9% to $239.5 million compared to $288.1 million in Q1 2024. Despite lower revenue, gross profit increased to $21.5 million with improved margins of 9.0% vs 7.1% year-over-year. The company reported a net loss of $4.6 million ($0.08 per share), compared to a loss of $0.4 million ($0.01 per share) in Q1 2024. EBITDA declined to $10.1 million from $10.9 million. The company maintains a strong backlog of $2.47 billion. The Civil segment showed strong performance with 22% gross profit margin, while Transportation segment reported a loss. Interest expenses increased significantly to $8.9 million from $5.7 million year-over-year.

Southland Holdings (NYSE American: SLND), a specialized infrastructure construction services provider, has announced its upcoming financial communication schedule. The company will release its first quarter 2025 financial results on Tuesday, May 13th, 2025 after market close. A conference call to discuss the results is scheduled for Wednesday, May 14th, 2025 at 10:00 a.m. Eastern Time. Investors can access the call through the company's website at www.southlandholdings.com, where a replay will also be available after the event.

Southland Holdings (NYSE American: SLND) has announced that its subsidiary Oscar Renda Contracting, operating within its Civil segment, has secured two significant water resource projects in the Southwest region. The combined value of these projects amounts to approximately $97 million. These projects will be incorporated into the company's backlog for the first quarter of 2025.

Southland Holdings (NYSE: SLND) reported its Q4 and full-year 2024 financial results, showing significant declines across key metrics. Q4 2024 revenue decreased 15.5% to $267.3 million, with gross profit falling to $7.7 million from $21.1 million year-over-year. The quarterly net loss improved slightly to $4.2 million ($(0.09) per share) compared to $5.6 million loss in Q4 2023.

Full-year 2024 performance showed broader challenges with revenue declining 15.5% to $980.2 million from $1.2 billion in 2023. The company reported a substantial gross loss of $63.0 million, compared to a $35.8 million gross profit in 2023. Net loss widened significantly to $105.4 million ($(2.19) per share) from $19.3 million in 2023. The Materials & Paving business notably impacted results negatively, contributing to $83.1 million in gross losses for the year.

Southland Holdings (NYSE American: SLND) has announced its upcoming financial results release schedule. The specialized infrastructure construction services provider will disclose its fourth quarter and full year 2024 results on Tuesday, March 4th, 2025 after market close.

The company will host a conference call the following day, Wednesday, March 5th, 2025, at 10:00 a.m. Eastern Time. Investors and interested parties can access the call through the company's website at www.southlandholdings.com, where a replay will also be available after the call.

Southland Holdings (NYSE: SLND) has announced the conversion of $20 million in promissory notes held by management into common stock. The company issued 5,830,899 shares at $3.43 per share to three key executives: Frank Renda (President and CEO), Rudy Renda (Co-COO and EVP), and Tim Winn (Co-COO and EVP). The transaction, completed on December 27, 2024, was conducted as a private placement under Section 4(a)(2) of the Securities Act and Regulation D. The conversion aims to strengthen the company's balance sheet and reflects management's confidence in Southland's long-term value potential.

Southland Holdings subsidiary Oscar Renda Contracting has secured a $60 million contract for the construction of a new wastewater treatment plant in the Southwest. The project encompasses comprehensive infrastructure development, including new headworks, influent pump station, extended aeration basin, administration building, utility water station, and crew building renovation. The contract will be added to the company's fourth quarter 2024 backlog.

Southland Holdings (NYSE: SLND) reported disappointing Q3 2024 financial results. Revenue decreased 44.5% to $173.3 million compared to $312.5 million in Q3 2023. The company recorded a gross loss of $51.1 million versus a gross profit of $29.5 million in the prior year. Net loss attributable to stockholders was $54.7 million, or $(1.14) per share, compared to net income of $3.8 million, or $0.08 per share in Q3 2023. EBITDA was negative at $(58.7) million versus $22.3 million last year. Despite poor quarterly performance, backlog remained strong at $2.74 billion, up from $2.54 billion year-over-year.

Southland Holdings (NYSE American: SLND) has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. The specialized infrastructure construction services provider will host a conference call to discuss the results on Wednesday, November 13th, 2024, at 10:00 a.m. Eastern Time. The call will be accessible through the company's website, and a replay will be available afterward.