Southland Q3 revenue up 23.1%

Reuters
Nov 13, 2025
Southland Q3 revenue up 23.1% 

Overview

  • Southland Q3 revenue rises 23.1% yr/yr but misses analyst expectations

  • Company reports Q3 gross profit margin of 1.5%, improving from a loss last year

  • Net loss impacted by non-cash tax charge and legacy project adjustments

Outlook

  • Company did not provide specific future guidance in the statement

Result Drivers

  • CIVIL SEGMENT - Strength in civil segment and execution of new core work drove revenue growth, per CEO Frank Renda

  • LEGACY PROJECTS - Unfavorable adjustments related to legacy projects impacted results, per CEO Frank Renda

  • MATERIALS & PAVING IMPACT - Materials & Paving business contributed $22.9 mln to revenue but negatively impacted gross profit by $3.0 mln

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$213.30 mln

$241.52 mln (4 Analysts)

Q3 Net Loss attributable to Southland Stockholders

-$75.27 mln

Q3 Gross Margin

1.50%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • 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 $6.00, about 24.3% above its November 11 closing price of $4.54

Press Release: ID:nBw8Ptg6Xa

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

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