secwatch.observer — SEC 8-K summary
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Issuer:     Southland Holdings, Inc. (SLND)
CIK:        0001883814
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001829126-23-007328
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/0001829126-23-007328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883814/000182912623007328/southlandhold_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-007328

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer