Worthington Steel Stock Price, News & Analysis

Southland Holdings (NYSE: SLND) reported Q2 2024 financial results, showing a revenue decrease of 2.1% to $251.5 million compared to Q2 2023. The company experienced a gross loss of $40.0 million, up from $33.8 million in Q2 2023. Net loss attributable to stockholders widened to $46.1 million, or $(0.96) per share, compared to $12.8 million, or $(0.27) per share in Q2 2023. Adjusted EBITDA was $(49.9) million. The company settled several contract disputes, resulting in a $40 million non-recurring charge in Q2. Despite challenges, Southland reported positive cash flow from operations of $27.4 million and new awards of $374.8 million. The backlog stood at $2.74 billion as of June 30, 2024.

Vicarious Surgical Inc. (NYSE: RBOT), a next-generation robotics technology company, reported its Q2 2024 financial results. The company is on track to achieve its V1.0 integration milestone this fall and aims for its first clinical patient around this time next year. Key highlights include:

- Partnership agreement with LSU Health New Orleans, the fifth U.S. hospital system to partner with Vicarious Surgical
- Operating expenses decreased by 17% to $17.7 million
- Adjusted net loss of $16.8 million ($2.86 per share)
- GAAP net loss of $15.2 million ($2.59 per share)
- Cash and investments of $73.2 million as of June 30, 2024
- Q2 2024 cash burn rate of $10.9 million
- Full year 2024 cash burn guidance reiterated at approximately $50 million

Sky Harbour Group (NYSE American: SKYH) has signed a lease agreement with Salt Lake City International Airport (SLC) to develop a Home Base hangar campus on 8.4 acres. This development aims to serve Salt Lake City and the Rocky Mountain region, complementing Sky Harbour's existing project at Centennial Airport (APA) in Denver. The campus is expected to create jobs and generate economic benefits for Utah, Salt Lake City, and SLC Airport.

The facility will offer state-of-the-art hangars and exclusive line services for based tenants, promising "the shortest time to wheels-up in business aviation." This expansion adds to Sky Harbour's growing network of campuses across the United States, including operational sites in Houston, Nashville, Miami, and San Jose, as well as several in development.

Vicarious Surgical (NYSE: RBOT) has signed a strategic development agreement with LSU Health New Orleans, Louisiana's flagship academic health sciences center. This partnership will provide Vicarious Surgical access to LSU Health's network of experienced robotic surgeons and supporting staff. The collaboration aims to validate training protocols and identify drivers of surgeon adoption for Vicarious Surgical's V1.0 system.

LSU Health New Orleans, which partners with University Medical Center (UMC), treats over 200,000 patients annually and is responsible for more than 1 million patient visits across its broader system. The partnership will allow Vicarious Surgical to conduct formative studies on the clinical and economic value of their system, particularly in regional care settings with an academic focus.

Sky Harbour Group (NYSE American: SKYH) has announced it will release its Second Quarter 2024 financial results after market close on Tuesday, August 13, 2024. The company will host an investor webcast at 5:00 pm ET the same day to review quarterly financial results and provide a general business update. A question-and-answer session with Sky Harbour leadership will follow.

The webcast will be publicly available in the UPCOMING EVENTS section of the company's investor relations website. A replay will be available after the event. Participants can join via webcast link or audio-only conference call using provided details. For questions or to connect with Sky Harbour leadership, investors can contact Investor Relations.

Southland Holdings (NYSE American: SLND) has announced its schedule for the release of second quarter 2024 financial results. The company, a leading provider of specialized infrastructure construction services, will disclose its Q2 2024 results on Monday, August 12, 2024, after market close. Additionally, Southland will host a conference call on Tuesday, August 13, 2024, at 10:00 a.m. Eastern Time to discuss the results. Investors and interested parties can access the call through the company's website or a provided link. A replay of the conference call will be made available on Southland's website following the event.

Vicarious Surgical Inc. (NYSE: RBOT), a next-generation robotics technology company focused on improving surgical robotics, has announced its plans to report second quarter 2024 financial results on August 12, 2024, after the market closes. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results. Investors can participate in the call by dialing +1 833-470-1428 (domestic) or +1 404-975-4839 (international) using the access code 997268. Additionally, a live and archived webcast of the event will be available on the company's investor relations website.

Southland Holdings, Inc. (NYSE American: SLND) has completed a $42.5 million sale-leaseback transaction involving three properties in Texas and Pennsylvania. The proceeds will be allocated as follows:

• $25 million for general corporate purposes
• $16 million for debt reduction
• Remainder for transaction-related expenses

This strategic move aims to optimize Southland's asset portfolio and improve its financial position. The sale-leaseback structure allows the company to maintain operational control of the properties while freeing up capital for other business initiatives and debt management.

Sky Harbour Group announced its inclusion in the Russell 2000 Index, effective July 1st. This move is part of the 2024 Russell indexes annual reconstitution. The company believes this addition will expand its investor base and increase the liquidity of its public float. CFO Francisco X. Gonzalez highlighted upcoming engagements at investor conferences and the anticipation of additional third-party research coverage. Sky Harbour aims to grow its business profitably, improve debt service coverage, and accelerate value creation for shareholders. The company views this inclusion as a significant step towards achieving these goals.