Southland Holdings, Inc. ( (SLND) ) has released its Q2 earnings. Here is a breakdown of the information Southland Holdings, Inc. presented to its investors.
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Southland Holdings, Inc., headquartered in Grapevine, Texas, is a prominent provider of specialized infrastructure construction services, operating across various sectors including transportation, water, and wastewater treatment. The company recently reported its financial results for the second quarter of 2025, highlighting a mixed performance.
For the quarter ending June 30, 2025, Southland reported a revenue of $215.4 million, a decline from $251.5 million in the same period last year. However, the company achieved a gross profit of $13.4 million, a significant improvement from a gross loss of $40.0 million in the previous year. The gross profit margin also improved to 6.2% from a negative margin of 15.9% last year. Despite these improvements, Southland recorded a net loss of $10.3 million, or $0.19 per share, compared to a net loss of $46.1 million, or $0.96 per share, in the previous year.
The company’s EBITDA for the quarter was $4.2 million, a notable recovery from a negative $49.9 million last year. Southland’s backlog stood at $2.32 billion, indicating a strong pipeline of future projects. The company also managed to reduce its selling, general, and administrative expenses by 13.4% compared to the previous year, reflecting cost management efforts.
Looking ahead, Southland’s management remains optimistic about the future, citing sustained margin improvements and favorable government spending initiatives as key drivers for potential growth. The company is well-positioned to capitalize on upcoming opportunities in the infrastructure sector.