Southland Announces Third Quarter 2026 Results
Business Wire•12/11/2026•17:10 ET
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Key Highlights
- ➤Q3 revenue $233.8 million, up 9.6% year over year
- ➤Gross profit $20.6 million versus $1.9 million year over year
- ➤Net income $33.7 million, or $0.62 per diluted share
- ➤$28.7 million settlement-related income boosted other income
- ➤Backlog reached $1.71 billion at September 30, 2026
Expert Statements
Frank Renda, President & Chief Executive Officer of Southland
“Our third quarter results reflect continued execution of our strategic plan and an improvement in our operating performance.”
Frank Renda, President & Chief Executive Officer of Southland
“During the quarter, we improved gross margin to 8.8%, delivered operating income of $7.0 million, and grew our backlog to $1.71 billion.”
Frank Renda, President & Chief Executive Officer of Southland
“This marks meaningful progress, and we remain focused on the work ahead.”
Frank Renda, President & Chief Executive Officer of Southland
“Demand for our services continues to be strong, and we believe Southland is well positioned to convert its share of new opportunities into profitable awards.”
Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter ended September 30, 2026.
* Revenue of $233.8 million for the quarter ended September 30, 2026, compared to $213.3 million for the quarter ended September 30, 2025.
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