Southland Q3 revenue down 6.8% to $312M; net income plummets to $3.8M from $35.2M YoY

Southland Holdings, Inc.

2023-Q3 EPS reported -$0.29 revenue$844,228,000

Q3 revenue $312M vs $335M prior year; gross profit margin fell from 18.6% to 9.5%.
Net income attributable to stockholders $3.8M ($0.08 EPS) vs $35.2M in Q3 2022.
EBITDA dropped to $22M from $60M YoY; Transportation segment gross profit fell to $17M from $53M.
Backlog rose 7% to $2.54B; nine-month net loss attributable to stockholders $13.7M.
Management cites lower margin legacy projects and expects IIJA-funded opportunities in 2024.

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 the quarter ended September 30, 2023 results: revenue $312 million, net income $4 million, EPS $0.08 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $312 million
Net income: $4 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

announced financial results for quarter ended September 30, 2023. ● Revenue of $312 million for the quarter ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southland Holdings, Inc. reported the nine months ended September 30, 2023 results: revenue $844.2 million, net income loss of $13.7 million, EPS ($0.29) per diluted share.

Period: the nine months ended September 30, 2023
Revenue: $844.2 million
Net income: loss of $13.7 million
EPS: ($0.29) per diluted share
Result: reported results

Exact text from the filing

Revenue for the nine months ended September 30, 2023 was $844.2 million

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Southland Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-007328

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