Southland Holdings Q1 loss widens as revenue falls, margins turn negative

Southland Holdings

12/05/2026 21:40

Overview

US infrastructure builder's Q1 revenue fell 28% yr/yr

Company posted bigger Q1 net loss, with gross margin turning negative

Results impacted by legacy disputes and Materials & Paving business losses

Outlook

Southland says it remains focused on optimizing its asset base and bidding discipline

Result Drivers

LEGACY DISPUTES - Co said consolidated results were affected by non-cash adjustments from certain legacy disputes

MATERIALS & PAVING LOSSES - Co said Materials & Paving business negatively impacted gross profit by $13.1 mln in Q1

CIVIL SEGMENT MARGIN - Civil segment posted 14% gross margin in Q1, which management highlighted as evidence of operational improvement

Company press release: ID:nBw7ZBB0La

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$172.4 mln
$172.23 mln (2 Analysts)
Q1 Net Income attributable
-$28.4 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Southland Holdings Inc is $3.00, about 138.1% above its May 11 closing price of $1.26

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)