---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-007328"
form_type: "8-K"
ticker: "SLND"
cik: "0001883814"
company_name: "Southland Holdings, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:40:18.456292+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-23-007328
- form_type: 8-K
- ticker: SLND
- cik: 0001883814
- company_name: Southland Holdings, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/0001829126-23-007328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/southlandhold_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-007328
- JSON: https://secwatch.observer/filing/0001829126-23-007328.json
- Plain text: https://secwatch.observer/filing/0001829126-23-007328.txt

## Key facts
- Earnings Releases
  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
  source text: announced financial results for quarter ended September 30, 2023. ● Revenue of $312 million for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/0001829126-23-007328-index.htm
- Earnings Releases
  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
  source text: Revenue for the nine months ended September 30, 2023 was $844.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/0001829126-23-007328-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.