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Southland Holdings (SLND)
:SLND
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.47Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 22, 2023
|% Change Since: 9.03%
|Next Earnings Date:Nov 21, 2022
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter marked by significant losses and revenue declines due to legacy issues and non-cash charges. However, the strong performance of new core projects, a robust backlog, and improved cash position provide a positive outlook for future profitability.Company Guidance
During the Southland Holdings Q3 2024 earnings call, guidance highlighted several key metrics and strategic initiatives. The company reported a third-quarter revenue of $173 million, with a gross loss of $51 million, largely impacted by $71 million in non-cash unfavorable adjustments from legacy projects. Despite these challenges, Southland's new core business delivered a gross profit of $20 million and maintains a robust backlog of $2.5 billion, indicating strong future prospects. The company closed a $42.5 million real estate transaction and secured a $160 million senior secured term loan, enhancing their balance sheet. Southland aims to capitalize on a promising project pipeline, focusing on both smaller, quick-turn projects ranging from $30 million to $150 million and larger infrastructure opportunities, such as the $600 million I-35 CapEx drainage relief tunnel in Austin, Texas, and the $1 billion Garden City Parkway Sky Bridge in Ontario. With a strategic emphasis on securing projects that align with their strengths, the company expects a return to profitability in 2025, supported by a strengthened financial position and an improved cash flow outlook.Strong New Core Business Performance
The new core projects delivered double-digit margins, underscoring strategic initiative strength, with approximately $2.5 billion in backlog.
Record Cash Position
The company closed the quarter with the strongest quarter-end cash position since going public, aided by a $42.5 million real estate transaction and a $160 million senior secured term loan facility.
Significant Backlog and Pipeline
Ended the quarter with $2.74 billion of backlog, up from $2.54 billion last year, with $140 million of new awards including a $132 million water treatment plant project.
Operational Milestones
Achievements included opening lanes of a paving project in Arkansas and completing a bridge project in the Midwest, along with surpassing 1.5 million work hours on the Mill Creek tunnel project without a single lost time incident.
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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 |
|---|---|---|---|
| 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% |
| Mar 04, 2024 | $4.37 | $4.02 | -8.01% |
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 Mar 19, 2025, TBA Not Confirmed.
What is Southland Holdings (SLND) earnings time?
Southland Holdings (SLND) earnings time is at Mar 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 2024 (Q4) is -0.47.
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