Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, today announced the conversion of $20 million of certain promissory notes due to members of management to common stock. After the market close on December 27, 2024, Southland agreed to issue an aggregate of 5,830,899 shares of common stock at a price per share of $3.43 to Frank Renda, President and Chief Executive Officer, Rudy Renda, Co-Chief Operating Officer and Executive Vice President, and Tim Winn, Co-Chief Operating Officer and Executive Vice President in exchange for an aggregate of $20 million in outstanding amounts under certain promissory notes. Southland'

Southland Holdings, Inc. (NYSE:SLND) ("Southland") announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $60 million contract to construct a new wastewater treatment plant in the Southwest. The scope of work includes construction of new headworks, influent pump station, extended aeration basin, administration building, utility water station, and renovation of the crew building. This award will be included in fourth quarter 2024 backlog. About Southland Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure con

Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter ended September 30, 2024. Revenue of $173.3 for the quarter ended September 30, 2024, compared to $312.5 million for the quarter ended September 30, 2023. Gross loss of $51.1 million for the quarter ended September 30, 2024, compared to $29.5 million in gross profit for the quarter ended September 30, 2023. Net loss attributable to stockholders of $54.7 million, or $(1.14) per share for the quarter ended September 30, 2024, compared to a net income attributable to stockholders of $3.8 million, or $0.08 per shar

Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, announced today that it will release its third quarter 2024 results on Tuesday, November 12, 2024, after the market closes. Southland will also host a conference call at 10:00 a.m. Eastern Time on Wednesday, November 13th, 2024. The call may be accessed here, or at www.southlandholdings.com. Following the conference call, a replay will be available on Southland's website. About Southland Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastru

Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, today announced the closing of a new $160.0 million senior secured term loan facility with Callodine Commercial Finance, LLC. The new facility consists of a $140.0 million initial draw term loan and a $20.0 million committed delayed draw term loan, which are due in 2028. The delayed draw is a committed facility in which Southland may request all or a portion of the delayed draw to be available to the company. From the initial total term loan proceeds of $140.0 million, approximately $96.0 million was used to refinance existing indebtedness, $37.8 million will be avail

Southland Holdings, Inc. (NYSE:SLND) ("Southland") announced today that Red River Biosolids Partners General Partnership, a joint venture comprised of a Southland subsidiary, Oscar Renda Contracting of Canada Inc., Aecon Group Inc. (TSX:ARE), and MWH Constructors Canada Ltd. has executed a contract with the City of Winnipeg to deliver the Winnipeg North End Sewage Treatment Plant ("NEWPCC") Biosolids Facilities Upgrade project under a Progressive Design-Build contract model. The collaborative project begins with a development phase contract valued at approximately $70 million USD to advance design and finalize the scope and cost of various elements of the project. Southland holds a 33.3% s

Southland Holdings, Inc. (NYSE:SLND) ("Southland") announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $132 million contract to construct a new water treatment plant for the Bureau of Reclamation. The scope of work includes constructing a new water treatment plant building, a storage facility, site improvements and demolition of the existing storage building and water treatment plant. Southland was awarded this contract based on best value for this long-standing client. This award will be included in third quarter 2024 backlog. About Southland Southland is a leading provider of specialized infrastructure construction services. With roots da

Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter ended June 30, 2024. The Board of Directors has appointed Frank Renda as Interim Chairman of the Board. Revenue of $251.5 million for the quarter ended June 30, 2024, compared to $256.9 million for the quarter ended June 30, 2023. Gross loss of $40.0 million for the quarter ended June 30, 2024, compared to $33.8 million in gross loss for the quarter ended June 30, 2023. Net loss attributable to stockholders of $46.1 million, or $(0.96) per share for the quarter ended June 30, 2024, compared to a net loss att

Southland Holdings, Inc. (NYSE:SLND) ("Southland"), a leading provider of specialized infrastructure construction services, announced today that it will release its second quarter 2024 results on Monday, August 12, 2024, after the market closes. Southland will also host a conference call at 10:00 a.m. Eastern Time on Tuesday, August 13th, 2024. The call may be accessed here, or at www.southlandholdings.com. Following the conference call, a replay will be available on Southland's website. About Southland Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructu

Southland Holdings, Inc. (NYSE:SLND) ("Southland") announced today that it completed a sale-leaseback transaction for three properties totaling $42.5 million. The properties include two locations in Texas and one in Pennsylvania. From the total proceeds of $42.5 million, approximately $25 million will be used for general corporate purposes, $16 million will go towards reducing debt, and the remainder will cover transaction-related expenses. About Southland Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with e

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

4 - Southland Holdings, Inc. (0001883814) (Issuer)

DA Davidson downgraded Southland from Buy to Neutral and set a new price target of $7.00 from $12.00 previously

Craig Hallum initiated coverage of Southland with a rating of Buy and set a new price target of $14.00