Southland Holdings, Inc. announced its second-quarter 2025 financial results on August 12, 2025. The company reported revenue of $215.4 million, a 14.4% decrease from $251.5 million in Q2 2024. The Materials & Paving (M&P) business contributed $21.7 million to revenue.
Gross profit for the quarter was $13.4 million, a substantial improvement from a gross loss of $40.0 million in Q2 2024. The gross margin increased significantly to 6.2% from (15.9)% in the prior-year quarter. The M&P business negatively impacted gross profit by $3.8 million.
Net loss attributable to Southland stockholders was $(10.3) million, or $(0.19) per share, compared to a net loss of $(46.1) million, or $(0.96) per share, in Q2 2024. Net cash provided by operating activities was $1.0 million.
As of June 30, 2025, the company's backlog stood at $2.32 billion. CEO Frank Renda highlighted sustained margin improvement in the core business and a positive outlook, driven by government spending initiatives like the IIJA.
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