Southland Holdings reports record backlog $2.97B; FY net income up 56% to $60.5M

Southland Holdings, Inc.

FY2022 revenue $1,161.4M, down 9.2% YoY; net income $60.5M, up 56%.
Q4 revenue $294.8M, down 23% YoY; Q4 net income $19.5M, up 32%.
Backlog $2.97B (record), up 34%; new awards $1.9B (record), up 220%.
FY2022 EBITDA $128.2M, up 23%; operating income $82.7M, up 48%.
Gross profit margin improved to 12% for FY2022 vs 9% in FY2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southland Holdings, Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 22, 2023, Southland Holdings, Inc., a Delaware corporation (the “Company”), issued a press release announcing financial results for the quarter and year ended December 31, 2022.

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Southland Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-002191

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