secwatch.observer — SEC 8-K summary
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Issuer:     Southland Holdings, Inc. (SLND)
CIK:        0001883814
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001829126-24-005426
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southland posts Q2 net loss of $46.1M; settles disputes with ~$40M non-recurring charge
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- Revenue $251.5M vs $256.9M YoY; gross loss widened to $40.0M from $33.8M.
- Net loss $46.1M ($0.96/sh) vs $12.8M ($0.27/sh); adjusted net loss also $0.96/sh.
- Non-recurring $40M charge from contract dispute settlements in Materials & Paving; $58M cash expected in Q3.
- New awards $374.8M; backlog grew to $2.74B; operating cash flow positive $27.4M.
- Appointed Frank Renda as Interim Chairman of the Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883814/000182912624005426/0001829126-24-005426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883814/000182912624005426/southland_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-005426

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