Southland Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 09:30 pm
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Southland Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 312.47 million compared to USD 335.13 million a year ago. Net income was USD 3.8 million compared to USD 35.2 million a year ago. Basic earnings per share from continuing operations was USD 0.08. Diluted earnings per share from continuing operations was USD 0.08.
For the nine months, sales was USD 844.23 million compared to USD 866.63 million a year ago. Net loss was USD 13.69 million compared to net income of USD 41 million a year ago. Basic loss per share from continuing operations was USD 0.29. Diluted loss per share from continuing operations was USD 0.29.
Southland Holdings, Inc. is a provider of specialized infrastructure construction services. The Company's segments include Civil and Transportation. The Civil segment operates throughout North America and specializes in services that include the design and construction of water pipeline, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The Transportation segment operates throughout North America and specializes in services that include the design and construction of bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities. The Company's customers include public and private entities. Its public sector customers include certain federal agencies, state departments of transportation, local transit authorities, county and city public works departments, and utilities. The Company's private customers consist of the owners of industrial, commercial and residential sites.
SOUTHLAND HOLDINGS, INC. 
