Nucor earnings beat by $0.08, revenue fell short of estimates
GRAPEVINE, Texas - Southland Holdings, Inc. (NYSE American: SLND and SLND WS), a $204 million market cap infrastructure construction services company, announced the recent appointment of Tan Parker to its Board of Directors. The addition of Mr. Parker, effective as of May 19, 2025, introduces a blend of public service acumen and private sector expertise to the company’s governance structure. The appointment comes as the company’s stock shows strong momentum, with a 20% return over the past six months despite challenging market conditions.For detailed analysis and comprehensive financial metrics, investors can access Southland Holdings’ full company profile on InvestingPro, which includes exclusive Fair Value calculations and expert insights.
Mr. Parker’s career spans nearly twenty years in legislative service, where he has made significant contributions, particularly in the areas of artificial intelligence, cybersecurity, homeland security, and financial markets. Notably, he played a pivotal role in the legislative development of the Texas Stock Exchange and the establishment of satellite NYSE and NASDAQ exchanges in Texas. His legislative influence extends to his current position as the chair of the Senate Republican Caucus in Texas and his past role as Chair of the House Financial Services Committee.
Beyond his public service, Parker has accumulated a wealth of experience in the private sector, particularly in private equity and venture capital. He is the founder and president of Applied Business Strategies, co-founder of med-tech ventures such as MagnaSci Biotechnology Funds and Septum Solutions, and has chaired the infrastructure investment fund of the Texas Industrial Development Corporation.
Before his legislative and entrepreneurial ventures, Parker’s professional journey began at Morgan Stanley Dean Witter, followed by a leadership role as a Regional Vice President at Computer Sciences Corporation. He also serves on the Board of Trustees for the University of Dallas. His academic credentials include a B.A. from the University of Dallas and an M.Sc. from the London School of Economics.
The appointment of Mr. Parker fills a previously vacant seat on Southland’s Board. This move is part of Southland’s ongoing efforts to strengthen its leadership team as the company, with annual revenues of $931.57 million, continues to deliver on its commitment to infrastructure construction across North America and beyond. According to InvestingPro data, while the company faces current profitability challenges, two analysts have revised their earnings upwards for the upcoming period, suggesting potential improvement ahead. Southland Holdings has a legacy dating back to 1900 and has been involved in numerous projects in various sectors, including bridges, tunneling, communications, and water treatment facilities.Access 7 additional exclusive ProTips and comprehensive financial analysis for Southland Holdings through an InvestingPro subscription, including detailed insights into the company’s financial health and growth prospects.
The information in this article is based on a press release statement from Southland Holdings, Inc.
In other recent news, Southland Holdings Inc. reported a mixed financial performance for the first quarter of 2025. The company experienced a decline in revenue to $239 million, down $49 million from the same period in 2024. Despite this, Southland Holdings managed to improve its gross profit to $21.5 million, with the gross profit margin rising to 9% from 7.1% in the previous year. The company also reported a net loss of $4.5 million, or $0.08 per share, for the quarter. Additionally, Southland Holdings has a backlog of $2.5 billion, with plans to execute approximately 40% of it over the next 12 months.
In leadership changes, Southland Holdings announced the appointment of Keith Bassano as Chief Financial Officer and Don Graul as Chief Strategy Officer. These appointments are part of the company’s strategic efforts to strengthen its leadership team. In other company news, Southland Holdings made changes to its Board of Directors, with the resignation of Kyle Burtnett and the appointment of Tan Parker as a Class I director. Parker’s extensive experience in both public service and the private sector is expected to benefit the company.
Furthermore, Southland Holdings remains optimistic about future opportunities, including major projects like the $450 million Black Creek Tunnel and the $600 million Jordan Lake water supply program. The company continues to focus on infrastructure projects and has strong government relationships, which are anticipated to support its growth in the coming years.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.