Southland Holdings Q3 revenue down 45% to $173M; net loss $54.7M

Southland Holdings, Inc.

2024-Q3 EPS reported -$2.11 revenue$712,929,000

Revenue $173.3M, down 44.5% from $312.5M in Q3 2023.
Net loss attributable to stockholders $54.7M ($1.14/share) vs net income $3.8M ($0.08/share) year ago.
Gross loss $51.1M compared to gross profit $29.5M in prior-year quarter.
EBITDA negative $58.7M vs positive $22.3M; backlog increased to $2.74B from $2.54B.

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