Overview

* Southland Q2 revenue falls 14% yr/yr, missing analyst expectations, per LSEG data

* Company achieves positive gross profit margin, reversing prior year's loss

* Net loss for Q2 narrows significantly compared to last year

Outlook

* Southland sees positive outlook due to government spending initiative

Result Drivers

* DISCIPLINED APPROACH - Margin improvement attributed to disciplined bidding and operations, per CEO Frank Renda

* MATERIALS & PAVING IMPACT - Materials & Paving business negatively impacted gross profit by $3.8 mln in Q2

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $215.40 $245.80

Revenue mln mln (4

Analysts

)

Q2 Net -$10.30

Income mln

Q2 Gross 6.2%

Margin

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 ( SLND ) is $5.00, about 10.2% above its August 11 closing price of $4.49

Press Release:

(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.)