Southland Holdings LLC (acquired by SLND) reports audited FY2022 rev $1.16B, net income $60.5M

Southland Holdings, Inc.

Revenue $1,161.4M in 2022 vs $1,279.2M in 2021 (-9.2% YoY).
Net income attributable to Southland Holdings: $60.5M (2022) vs $38.7M (2021), +56%.
Total assets $1.125B, total equity $359.9M as of Dec 31, 2022.
Operating income $82.7M (2022) vs $56.1M (2021), driven by improved gross margin.
Cash and restricted cash $72.0M at Dec 31, 2022, down from $111.2M a year earlier.

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