Highest-materiality recent filing
Southland Q1 2026 revenue $172.4M, net loss $28.4M, backlog $1.88B
Revenue of $172.4M down from $239.5M YoY; gross loss of $4.8M vs gross profit of $21.5M.
Southland subsidiary settles WA convention center lawsuit; sureties to pay additional $26.5M
American Bridge resolves litigation over Washington State Convention Center expansion project.
Southland Q4 net loss $216M; full-year loss $306.5M on $772M revenue
Revenue $104.0M in Q4 vs $267.3M prior year; full-year $772.2M vs $980.2M.
Paid ~$15.4M to resigning agent (Callodine): $14.4M principal + $1.0M accrued interest and fees.
Southland receives $59M surety advances; negotiating with lenders for further financing
Markel advanced ~$5M; Berkshire ~$21M; Zurich ~$33M; total ~$59M in surety funds as of Feb 4.
American Bridge received $57M judgment in case vs Clark/Lewis Joint Venture, dated January 15, 2026.
Southland Holdings receives $15M surety advance; seeking additional financing
Zurich Insurance advanced ~$15M under general indemnity agreement for bonded construction obligations.
Southland Holdings receives $14M in surety advances; seeking financing resolution
Berkshire Hathaway Specialty Insurance advanced ~$14M of up to $30M under general indemnity agreement.
Southland Q3 revenue up 23% to $213M; net loss widens to $75.3M on $57M tax charge
Revenue $213.3M vs $173.3M YoY; gross profit $3.3M vs ($51.1M) loss in prior year.
Southland Holdings Q2 revenue $215.4M, net loss narrows to $10.3M from $46.1M
Revenue $215.4M vs $251.5M YoY; gross profit $13.4M vs ($40.0M) loss YoY.
Southland Q1 revenue down 17% to $239.5M; net loss widens to $4.6M
Revenue of $239.5M, down from $288.1M in Q1 2024; gross margin improved to 9.0% from 7.1%.
Southland Holdings CFO Cody Gallarda to resign; VP Finance Keith Bassano named new CFO
Cody Gallarda resigns as CFO/Treasurer effective March 28, 2025 to pursue external opportunity; no disagreement with company.
Southland Holdings Q4 revenue $267.3M (-15.5% YoY); FY 2024 net loss $105.4M
Q4 revenue $267.3M vs $316.2M YoY; gross profit $7.7M vs $21.1M.
Southland converts $20M management promissory notes into 5.83M shares at $3.43
Issued 5,830,899 shares to CEO Frank Renda (3,396,233), COO Rudy Renda (2,215,664), and COO Tim Winn (219,002).
Southland Holdings Q3 revenue down 45% to $173M; net loss $54.7M
Revenue $173.3M, down 44.5% from $312.5M in Q3 2023.
Southland Holdings closes $160M senior secured credit facility with Callodine
$160M facility: $140M initial term loan + $20M delayed draw; matures Sept 2028.
Southland posts Q2 net loss of $46.1M; settles disputes with ~$40M non-recurring charge
Revenue $251.5M vs $256.9M YoY; gross loss widened to $40.0M from $33.8M.
Closed sale-leaseback of two Texas and one Pennsylvania property for $42.5M on July 19, 2024.
Southland Q1 revenue up 5% to $288.1M; net loss narrows to $0.4M
Revenue of $288.1M for Q1 2024, up 5% from $274.8M in Q1 2023.
Southland Q4 net loss $5.6M; revenue up 7%, backlog $2.83B
Q4 revenue $316.2M (+7% YoY); gross profit $21.1M vs $35.9M.
Southland Q3 revenue down 6.8% to $312M; net income plummets to $3.8M from $35.2M YoY
Q3 revenue $312M vs $335M prior year; gross profit margin fell from 18.6% to 9.5%.
Southland Holdings Q2 2023: revenue $257M (-5.9% YoY), net loss $13M vs $19M profit
Revenue $257M, down 5.9% YoY from $273M in Q2 2022.
Southland reports preliminary Q2 2023 gross loss of $34M; legacy paving charges of $49M
Revenue $257M, gross loss $34M, positive operating cash flow $24M.
Southland Holdings Q1 revenue up 6% to $275M; adjusted EBITDA $12.7M vs $1.4M
Revenue $275M (+6% YoY); operating income $3.4M vs loss of $9.4M last year.
Southland Holdings LLC (acquired by SLND) reports audited FY2022 rev $1.16B, net income $60.5M
Revenue $1,161.4M in 2022 vs $1,279.2M in 2021 (-9.2% YoY).
Southland Holdings reports record backlog $2.97B; FY net income up 56% to $60.5M
FY2022 revenue $1,161.4M, down 9.2% YoY; net income $60.5M, up 56%.
SPAC Legato Merger Corp. II closes merger with Southland Holdings; Southland members own 77.8%
On Feb 14, 2023, Legato Merger Corp. II completed its business combination with Southland Holdings LLC; combined entity now Southland Holdings, Inc. (SLND).
Southland awarded $102M Louisiana bridge project and $50M Dallas maintenance contract
Southland subsidiary Johnson Bros. wins $102M contract for Nelson Road Extension and Bridge in Lake Charles, LA.
Southland awarded $70M Denver airport pond expansion contract; construction starts 2023
Southland Contracting wins $70M contract for Denver International Airport West Gates Pond Expansion.
Southland Q3 revenue $335M (+6% YoY); operating income up 228% to $46.8M
Revenue $335.1M, up 6% from $315.4M in Q3 2021.
Southland awarded $596M FDOT bridge contract over St. Johns River
Southland Holdings awarded $596M contract to build 1.8-mile bridge over St. Johns River near Jacksonville.
Southland awarded $155M water treatment plant contract in Dallas, Texas
Contract with City of Dallas for Elm Fork Water Treatment Plant Filter Complex.
Southland awarded $243M FDOT contract for US 19 Pinellas roadway project
Southland subsidiary Johnson Bros. awarded $243M contract for US 19 roadway project in Clearwater, FL.
On May 15, 2025, Kyle Burtnett gave the Board of Directors (the “Board”) of Southland Holdings, Inc. (“Southland” or the “Company”) notice of his resignation as a Director of Southland.
On May 19, 2025, the Board appointed Tan Parker as a Class I director to fill Mr. Burtnett’s vacant seat, thereby bringing the number of directors on the board back to seven, effective as of May 19, 2025.
On March 26, 2025, the board of directors of Southland Holdings, Inc. (the “Company”) appointed Rudy Renda as a Class II director to fill a vacant seat
Cody Gallarda notified the Company of his decision to resign as Executive Vice President, Chief Financial Officer, and Treasurer of Southland Holdings, Inc.
On March 19, 2025, the Company appointed Keith Bassano, the Company’s current Vice President of Finance, to assume the role of Chief Financial Officer and Treasurer, effective as of the Transition Date.
On May 30, 2024, Brian Pratt gave the Board of Directors (the “Board”) of Southland Holdings, Inc. (“Southland”) notice of his resignation as Chairman of the Board and Director of Southland.
Gregory Monahan and Brian Pratt, two former directors of Legato II, became directors of the Company as of the Closing.
Gregory Monahan and Brian Pratt, two former directors of Legato II, became directors of the Company as of the Closing.
Max materiality 0.95 · Median 0.65 · Most common event other_material