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Southland Holdings (SLND)
:SLND
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.37Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -4.49%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in project completion and safety milestones, along with a strong pipeline of future projects. However, these positive aspects were overshadowed by declines in revenue and profitability, increased interest expenses, and ongoing challenges with legacy projects. The strategic financial moves and strong backlog provide a foundation for future improvement, but the current financial performance remains a concern.Company Guidance
During the Southland Holdings, Inc. fourth quarter and full year 2024 earnings call, the company provided detailed guidance on its financial performance and strategic direction. The fourth quarter revenue was $267 million with a gross profit of $8 million, impacted by unfavorable adjustments of $27 million due to dispute resolutions and increased completion costs on legacy projects. Despite these challenges, the company maintains a backlog of $2.57 billion, with $163 million in remaining M&P backlog and $83 million in non-M&P legacy backlog. The guidance highlighted the company's focus on new core projects, which delivered double-digit margins, and the expectation of positive EBITDA by the end of 2025. Southland also anticipates a favorable industry environment with strong infrastructure investment, particularly in Texas and Florida, and expects to capitalize on a robust pipeline of opportunities, including the $7 billion Iona Island wastewater treatment plant and the $600 million Jordan Lake water supply program. The company plans to burn approximately 39% of its backlog in 2025, aiming to generate strong cash flow from operations, supported by the completion of legacy projects and new core work.Successful Completion of High-Profile Projects
Southland Holdings completed several significant infrastructure projects, including the SR 80 bridge in Florida, East Haddam Bridge in Connecticut, and a cruise destination project in the Caribbean, demonstrating their capability to deliver complex infrastructure.
Safety Milestone Achievements
Multiple projects, such as Cielo 26 and Mill Creek Drainage Relief Tunnel, surpassed one million safe work hours without a loss, highlighting the company's strong safety culture.
Strong New Core Backlog
The company ended the quarter with $2.57 billion in backlog, with new core projects constituting $2.3 billion, showing a strong pipeline for future growth.
Strategic Financial Initiative
Conversion of $20 million promissory notes to common stock by founders, improving the balance sheet and reinforcing confidence in the business.
Strong Pipeline of Upcoming Opportunities
Southland Holdings is tracking multiple large-scale projects, including the $7 billion Iona Island wastewater treatment plant and $2 billion Northern Colorado Water Glade Reservoir Program.
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SLND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SLND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $3.34 | $3.55 | +6.29% |
| Nov 12, 2024 | $3.21 | $2.50 | -22.12% |
| Aug 12, 2024 | $3.58 | $3.75 | +4.75% |
| May 13, 2024 | $4.61 | $4.95 | +7.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Southland Holdings (SLND) report earnings?
Southland Holdings (SLND) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Southland Holdings (SLND) earnings time?
Southland Holdings (SLND) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLND EPS forecast?
SLND EPS forecast for the fiscal quarter 2025 (Q1) is -0.37.
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