Southland Q4 net loss $5.6M; revenue up 7%, backlog $2.83B

Southland Holdings, Inc.

Q4 revenue $316.2M (+7% YoY); gross profit $21.1M vs $35.9M.
Q4 net loss ($5.6M) / $(0.12) per share vs net income $19.5M prior year.
Full-year 2023 revenue $1.2B (flat); net loss $19.3M ($0.41/share) vs net income $60.5M.
Adjusted full-year net loss $38.7M ($0.82/share); EBITDA $9.1M Q4 vs $32.0M.
New awards ~$600M in Q4; backlog $2.83B, up 12% from Sept 30, 2023.

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 year ended December 31, 2023 results: revenue $1.2 billion, net income $19.3 million, EPS $(0.41) per share.

Period: the year ended December 31, 2023
Revenue: $1.2 billion
Net income: $19.3 million
EPS: $(0.41) per share
Result: reported results

Exact text from the filing

Full Year 2023 Results Include: ● Revenue of $1.2 billion for the year ended December 31, 2023, approximately flat from $1.2 billion for the year ended December 31, 2022. ● Gross profit of $35.8 million for the year ended December 31, 2023, compared to $140.9 million for the year ended December 31, 2022. ● Net loss attributable to stockholders of $19.3 million, or $(0.41) per share for the year ended December 31, 2023, compared to a net income attributable to stockholders of $60.5 million for the year ended December 31, 2022. ● Adjusted Net loss attributable to stockholders of $38.7 million, or $(0.82) per share for the year ended December 31, 2023, compared to a net income attributable to stockholders of $60.5 million for the year ended December 31, 2022. (1) (1) Please refer to “Non-GAAP Measures” and reconciliations for our

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southland Holdings, Inc. reported the quarter ended December 31, 2023 results: revenue $316.2 million, net income $5.6 million, EPS $(0.12) per share.

Period: the quarter ended December 31, 2023
Revenue: $316.2 million
Net income: $5.6 million
EPS: $(0.12) per share
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Results Include: ● Revenue of $316.2 million for the quarter ended December 31, 2023, up 7% from $294.8 million for the quarter ended December 31, 2022. ● Gross profit of $21.1 million for the quarter ended December 31, 2023, compared to $35.9 million for the quarter ended December 31, 2022. ● Net loss attributable to stockholders of $5.6 million, or $(0.12) per share for the quarter ended December 31, 2023, compared to a net income attributable to stockholders of $19.5 million for the quarter ended December 31, 2022. ● EBITDA of $9.1 million for the quarter ended December 31, 2023, compared to $32.0 million for the quarter ended December 31, 2022. ● New awards of approximately $600 million in the quarter. ● Backlog of $2.83 billion, up 12% compared to $2.54 billion as of September 30, 2023.

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Southland Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-24-001315

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