Southland Holdings Q1 revenue up 6% to $275M; adjusted EBITDA $12.7M vs $1.4M

Southland Holdings, Inc.

2023-Q1 EPS reported -$0.11 revenue$274,829,000

Revenue $275M (+6% YoY); operating income $3.4M vs loss of $9.4M last year.
Net loss narrowed to $4.7M from $13.6M; adjusted net loss $1.5M (-$0.03/share).
Adjusted EBITDA of $12.7M, up from $1.4M in Q1 2022.
Backlog $2.9B (+43% YoY); new awards $170M vs $41M.

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 quarter ended March 31, 2023 results: revenue $275 million, net income $4.7 million.

Period: quarter ended March 31, 2023
Revenue: $275 million
Net income: $4.7 million
Result: reported results

Exact text from the filing

today announced financial results for quarter ended March 31, 2023. ● Revenue increased to $275 million, up 6% from $258 million for the quarter ended March 31, 2022. ● Gross profit margin of 6.9%, compared to 1.9% for the quarter ended March 31, 2022. ● Operating income increased to $3.4 million, compared to an operating loss of $9.4 million for the quarter ended March 31, 2022. ● Net loss of $4.7 million, compared to a net loss of $13.6 million for the quarter ended March 31, 2022.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

Southland Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-003441

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.