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GRAPEVINE, Texas - Southland Holdings, Inc. (NYSE American: SLND and SLND WS) announced today the appointment of Donald Graul as its new Chief Strategy Officer. Graul, who has over 30 years of experience in the infrastructure construction and engineering sector, joins Southland from The Branch Group where he served as Chief Executive Officer. The announcement comes as Southland’s stock shows strong momentum, with InvestingPro data revealing a 27% price return over the past six months and current trading at $3.70 per share. According to InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels.
Previously, Graul held executive positions at AECOM and Parsons, contributing to infrastructure projects with a cumulative construction cost of over $60 billion. His industry reputation is bolstered by his board memberships with the American Road & Transportation Builders Association and The Beavers Construction Group, as well as his membership in the National Academy of Construction.
Frank Renda, President & CEO of Southland, expressed enthusiasm about Graul’s addition to the team, highlighting his strategic and operational expertise as valuable assets that will benefit their client service and organizational strength.
Southland Holdings is known for its specialized infrastructure construction services and is considered one of the largest such companies in North America. The company’s history dates back to 1900 and its project portfolio includes bridges, tunnels, communications, transportation, marine works, steel structures, water and wastewater treatment, and water pipelines. Southland is based in Grapevine, Texas.
This executive move is part of Southland’s ongoing efforts to enhance its leadership team and strategic direction. The information regarding Donald Graul’s appointment is based on a press release statement.
In other recent news, Southland Holdings, Inc. reported a challenging financial year with significant declines in both revenue and gross profit. The company announced a net loss of $105 million for 2024, translating to a loss of $2.19 per share, and a year-over-year revenue drop of $49 million in Q4 2024. Despite these setbacks, Southland Holdings is optimistic about future earnings, with expectations to return to positive EBITDA by the end of 2025. In a strategic move, the company has secured $97 million in contracts for water resource projects in the Southwest, which are expected to bolster its backlog for Q1 2025. Additionally, Southland Holdings appointed Rudy Renda as a Class II director, further strengthening its board with his extensive experience in the construction sector. In executive changes, Cody Gallarda will step down as CFO, with Keith Bassano taking over the role, bringing over 15 years of experience in finance and accounting. These developments reflect Southland Holdings’ ongoing efforts to stabilize its financial performance and enhance its strategic leadership.
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