Southland Holdings earnings date
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Southland Holdings (SLND) Q3 2026 Earnings Report
SLND Q3 2026 EPS Results
- Actual EPS
- $0.62
- Consensus EPS
- -$0.13
- Beat/Miss
- Beat by +$0.75
- One Year Ago EPS
- -$1.39
SLND Q3 2026 Revenue Results
- Actual Revenue
- $233.78M
- Expected Revenue
- $162.48M
- Beat/Miss
- Beat by +$71.30M
- YoY Revenue Growth
- +9.58%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/12/2026
- Time
- After Close
- Conference Call
- Thursday, November 12, 2026
Southland Holdings's next earnings date is estimated for March 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive, with a substantial improvement in revenue, gross profit, operating income, net income and EBITDA, stronger segment performance, increased backlog, approximately $271 million of new awards and continued demand across core markets. The company also reported progress reducing legacy and Materials & Paving backlog. However, preferred share issuance and remaining surety obligations are still unresolved, Materials & Paving continued to post a gross loss, and the company faces an NYSE American stockholders' equity compliance issue and uncertainty around federal infrastructure reauthorization.
Southland expects interest expense to be approximately $6 million per quarter and to recognize approximately 40% of its backlog as revenue over the next 12 months. At least $151 million of nonbonding financing is expected to convert into preferred shares, which are now required to be issued by December 18 of this year. Long term, Civil can produce mid-teen margins and Transportation can produce low-teen margins, while new core work has strong double-digit gross margins; management hopes to produce similar results here in Q4, subject to seasonality and holidays and weather. The company expects to finish its remaining paving projects in the next couple of quarters and expects less impacts as it comes out of the upcoming winter months, while continuing to convert its pipeline into its fair share of profitable work over the next few quarters.
- Operational Recognition for Bridge ProjectsJohnson Bros. received two 2026 E&R Southeast Best Projects Awards: the Jupiter Federal Bridge replacement in Jupiter, Florida was named Best Project, and the Kirkman Road extension in Orlando, Florida received an Award of Merit.
- Surety Support and Financing Agreement ExecutedSouthland executed a financial assistance agreement and a second amendment to its term loan facility, formalizing the support provided by its sureties. Management said the sureties' continued support reflects confidence in the company's plan and execution.
- Strong Third-Quarter Profitability ImprovementThird-quarter revenue was $233.8 million, up $20.4 million or 9.6% from $213.3 million in the same period of 2025. Gross profit increased to $20.6 million, or 8.8% of revenue, from $1.9 million, or 0.9%, while operating income was $7 million compared with an operating loss of $12.6 million. Net income attributable to Southland stockholders was $33.7 million, or $0.62 per diluted share, compared with a net loss of $75.3 million, or $1.39 per diluted share.
- Improved EBITDA and Lower Interest ExpenseThird-quarter EBITDA was $43.2 million compared with negative $3.5 million in the prior-year period. Interest expense declined 55.2% to $4.1 million, primarily because the lower interest rate under the amended term loan applied retroactively to March 17 of this year.
- Civil Segment Delivered Strong MarginsCivil revenue increased to $107.3 million from $99.5 million. Gross profit rose to $14.3 million, with a 13.3% margin versus 10.5% in the prior-year period, driven primarily by a data center project and a wastewater treatment plant in the Southwest.
- Transportation Segment Returned to Positive Gross ProfitTransportation revenue increased to $126.4 million from $113.9 million. The segment generated $6.3 million of gross profit and a 5% margin compared with a gross loss of $8.5 million and a negative 7.4% margin in the prior-year period, driven primarily by bridge projects in the Southeast and Midwest and two dam projects in the South.
- SG&A Expense DeclinedSelling, general and administrative expenses decreased 6.6% to $13.6 million from $14.6 million, primarily due to a $1.9 million reduction in compensation expense. SG&A declined to 5.8% of revenue from 6.8% in the third quarter of 2025.
- Backlog and New Awards IncreasedBacklog grew to approximately $1.71 billion from $1.68 billion at the end of the second quarter. Third-quarter new awards were approximately $271 million, led by the $196 million Phase 3 Winnipeg North end sewage treatment plant and a $71 million water pipeline project in the Southwest.
- Healthy Demand Across Core MarketsManagement said state and local infrastructure funding continues to support active procurement for water, bridge, marine and tunnel work. The company also said demand remains strong from both public and private clients and that its diversified end markets position it to adapt as market demand shifts.
- Additional Tunnel and Data Center AwardsSouthland announced a $34 million tunnel project award in the Southwest along with additional data center work in the Mid-Atlantic and Southwest. Management expects the data center projects to start as short-duration, strong-margin projects that can grow in scope over time, with final contract value depending on customer-directed work.
- Pipeline and Preconstruction Activity Remain StrongThe company is completing a preconstruction contract with a major cruise facility client in the Caribbean with the intent to negotiate a progressive design-build contract. Management also cited outstanding bids and pipeline opportunities across data centers, water resources, bridges, marine work, tunnels, transmission pipelines and restoration projects, and said it expects to win its fair share of upcoming opportunities.
- Legacy and Materials & Paving Backlog ReducedMaterials & Paving backlog declined to $21 million from $46 million in the prior quarter, while non-M&P legacy backlog declined to $27 million from $35 million. The company completed its last paving project in West Texas, which management described as a major milestone, and expects to finish the remaining couple of paving projects in the next couple of quarters.
- Liquidity Support and Debt-Reduction InitiativesSouthland ended the quarter with $35.9 million of cash and cash equivalents and $46.8 million of total cash including restricted cash. Surety partners advanced approximately $25 million during the quarter. The company also generated approximately $13.1 million of proceeds from monetizing noncore equipment and real estate through the first nine months of the year and expects these initiatives to further reduce debt.
- Long-Term Margin Improvement TargetsManagement said new core work is producing strong double-digit gross margins and expects the Civil segment to produce mid-teen margins and the Transportation segment to produce low-teen margins over the long term. Management also said there is room for consolidated gross-margin improvement as legacy impacts diminish.
SLND Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 09, 2027 | 2026 (Q4) | -0.23- | -4 | ― | ― |
| Nov 12, 2026 | 2026 (Q3) | -0.130.62 | -1.39 | 144.60% (+2.01) | |
| Aug 12, 2026 | 2026 (Q2) | -0.42-1.55 | -0.19 | -715.79% (-1.36) | |
| May 12, 2026 | 2026 (Q1) | -0.41-0.52 | -0.08 | -550.00% (-0.44) | |
| Mar 26, 2026 | 2025 (Q4) | ―-4.00 | -0.09 | -4344.44% (-3.91) | |
| Nov 12, 2025 | 2025 (Q3) | -0.19-1.39 | -1.14 | -21.93% (-0.25) | |
| Aug 12, 2025 | 2025 (Q2) | -0.27-0.19 | -0.96 | 80.21% (+0.77) | |
| May 13, 2025 | 2025 (Q1) | -0.37-0.08 | -0.01 | -700.00% (-0.07) | |
| Mar 04, 2025 | 2024 (Q4) | -0.47-0.09 | -0.12 | 25.00% (+0.03) | |
| Nov 12, 2024 | 2024 (Q3) | ―-1.14 | 0.08 | -1525.00% (-1.22) |
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.
