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GRAPEVINE, Texas - Southland Holdings, Inc. (NYSE American:SLND), a construction company with annual revenue of $895 million, announced Tuesday it has been awarded two infrastructure projects totaling approximately $130 million. According to InvestingPro data, the company’s shares have surged over 43% in the past six months.
The first project involves bridge rehabilitation for a private client in the Pacific Northwest, to be executed by American Bridge Company, a subsidiary in Southland’s Transportation segment. The second is a water resource project in Austin, Texas, which will be handled by Oscar Renda Contracting, a subsidiary in the company’s Civil segment. InvestingPro analysis reveals the company operates with a significant debt burden, with a debt-to-equity ratio of 2.22.
Both projects will be included in Southland’s third quarter 2025 backlog, according to the company’s press release statement.
Southland Holdings describes itself as a provider of specialized infrastructure construction services with operations across North America. The company’s portfolio spans multiple infrastructure sectors including bridges, tunneling, transportation facilities, marine projects, steel structures, and water treatment systems.
Founded in 1900, Southland Holdings is headquartered in Grapevine, Texas, and operates through various subsidiaries that collectively form one of the larger infrastructure construction companies in North America.
The company’s shares trade on the NYSE American exchange under the ticker symbol SLND.
In other recent news, Southland Holdings Inc. reported mixed financial results for the second quarter of 2025. The company’s revenue declined to $215 million, marking a decrease of $36 million compared to the previous year. However, the gross profit margin showed improvement, rising to 6.2% from a negative 15.9% in the previous year. Despite these changes, the company experienced a net loss of $10.3 million. Additionally, DA Davidson has maintained its Neutral rating on Southland Holdings, with a price target of $4.00. The research firm highlighted ongoing financial variability in the company’s project portfolio, particularly concerning M&P and non-M&P legacy projects, as well as settlement disputes affecting performance predictability. These recent developments have contributed to investor concerns regarding the company’s financial health.
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