Southland Holdings, Inc. ( (SLND) ) has released its Q3 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 in sectors such as bridges, tunneling, transportation, and water treatment across North America and globally.
In its third-quarter 2025 earnings report, Southland Holdings reported a revenue increase to $213.3 million, marking a 23.1% rise from the previous year. Despite this growth, the company faced a net loss of $75.3 million, primarily due to a non-cash tax charge and adjustments related to legacy projects.
Key financial metrics revealed a turnaround in gross profit, which stood at $3.3 million compared to a gross loss of $51.1 million in the same quarter last year. The company’s EBITDA improved significantly, reducing the loss to $3.5 million from $58.7 million in the previous year. However, the net loss per share widened to $1.39 from $1.14. Southland’s backlog remains robust at $2.26 billion, indicating strong future demand.
Looking ahead, Southland’s management remains optimistic about the company’s core business performance, despite the current challenges. They are focused on winding down legacy backlogs and leveraging the growing demand for critical infrastructure projects in their core markets.