Security
LEGATO MERGER CORP II -CW23 · SLNDW
SLNDWNYSE_ARCAWarrantHistorical · closed Mar 1, 2023CIK 1883814Updated Oct 7, 2026
Name history
LEGATO MERGER CORP. II · through Feb 14, 2023
Current security for this SEC filerSLND · NYSE_AMERICAN
SLNDW price & chart
Historical security
This listing closed Mar 1, 2023. Live provider charts are shown only for current listings.
Current security: SLND
About the company
Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. The company serves the bridges, tunnelling, communications, data centers, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas.
In the news
No coverage from other publishers is available.
Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
8-K filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
4 filing
4 filing
Show 5 more recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
10-Q filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 989,280,000Source | 1,203,649,000Source | 1,201,068,000Source | 283,751,241Source |
| Property, Plant and Equipment, NetUSD | 107,305,000Source | 116,328,000Source | 102,150,000Source | 114,084,000Source |
| GoodwillUSD | 1,528,000Source | 1,528,000Source | 1,528,000Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,180,000Source | 1,180,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 52,713,000Source | 72,185,000Source | 49,176,000Source | — |
| Inventory, NetUSD | 2,600,000Source | 4,500,000Source | 5,500,000Source | — |
| Assets, CurrentUSD | 733,966,000Source | 881,652,000Source | 942,536,000Source | 431,636Source |
| Operating Lease, Right-of-Use AssetUSD | 10,524,000Source | 14,897,000Source | 12,492,000Source | — |
| Other Assets, NoncurrentUSD | 167,000Source | 1,539,000Source | 1,711,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,121,786,000Source | 1,028,240,000Source | 940,504,000Source | 9,883,035Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 5,000Source | 5,000Source | 831Source |
| Additional Paid in CapitalUSD | 293,237,000Source | 292,173,000Source | 270,330,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -431,158,000Source | -124,618,000Source | -19,253,000Source | -9,328,067Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,018,000Source | -3,902,000Source | -1,460,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | -140,934,000Source | 163,658,000Source | 249,622,000Source | -9,327,236Source |
| Liabilities and EquityUSD | 989,280,000Source | 1,203,649,000Source | 1,201,068,000Source | 283,751,241Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 654,985,000Source | 621,142,000Source | 583,967,000Source | 223,035Source |
| Operating Lease, Liability, CurrentUSD | 4,670,000Source | 8,962,000Source | 8,862,000Source | — |
| Accounts Payable, CurrentUSD | 224,915,000Source | 191,670,000Source | 162,464,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 5,779,000Source | 5,856,000Source | 3,526,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 3,032,000Source | 292,000Source | 2,548,000Source | — |
| Other Liabilities, NoncurrentUSD | 143,880,000Source | 40,847,000Source | 47,728,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 8,428,000Source | 11,751,000Source | 10,942,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 80,011,000Source | 91,515,000Source | 124,667,000Source | — |
| Deferred Tax Liabilities, NetUSD | 3,029,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 53,731,000Source | 44,525,000Source | 48,454,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 203,971,000Source | 255,625,000Source | 251,906,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -308,363,000Source | -105,528,000Source | -18,715,000Source | 1,931,302Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -23,070,000Source | -9,924,000Source | 48,971,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | 57,258,000Source | -44,751,000Source | -12,341,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 16,581,000Source | 1,927,000Source | -10,264,000Source | -1,726,910Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 3,392,000Source | 3,228,000Source | 4,488,000Source | 858,398Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,846,000Source | 7,416,000Source | 10,846,000Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -40,151,000Source | 18,781,000Source | -2,590,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -20,093,000Source | 23,741,000Source | -8,171,000Source | -868,512Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 67,468,000Source | 87,561,000Source | 63,820,000Source | 231,519Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 1,163,000Source | — | — | 718,700Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 85,000Source | -195,000Source | 195,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 0Source | 500,000Source | 500,000Source | — |
| Debt and Equity Securities, Gain (Loss)USD | 292,000Source | -224,000Source | 26,000Source | — |
| DepreciationUSD | 23,200,000Source | 22,000,000Source | 29,900,000Source | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 49,000Source | 12,000Source | 109,000Source | — |
| Gain (Loss) on InvestmentsUSD | 291,000Source | -225,000Source | 30,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | -246,000Source | -631,000Source | — |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | 2,273,000Source | 3,439,000Source | 1,328,000Source | — |
| General and Administrative ExpenseUSD | — | — | — | 1,281,634Source |
| GoodwillUSD | 1,528,000Source | 1,528,000Source | 1,528,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -1,291,000Source | -415,000Source | 7,740,000Source | — |
| Income Tax Expense (Benefit)USD | 56,497,000Source | -46,892,000Source | -8,527,000Source | 800,905Source |
| InterestExpenseNonoperatingUSD | 37,019,000Source | 29,512,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -306,540,000Source | -105,365,000Source | -19,253,000Source | 1,931,302Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,823,000Source | -163,000Source | 538,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -306,540,000Source | -105,365,000Source | -19,253,000Source | — |
| Other Nonoperating Income (Expense)USD | 1,744,000Source | 3,631,000Source | 23,580,000Source | — |
| Payments of Financing CostsUSD | 297,000Source | 7,982,000Source | 565,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 772,168,000Source | 980,179,000Source | 1,160,417,000Source | — |
| Cost of RevenueUSD | 927,427,000Source | 1,043,219,000Source | 1,124,603,000Source | — |
| Selling, General and Administrative ExpenseUSD | 61,623,000Source | 63,274,000Source | 67,195,000Source | — |
| Operating Income (Loss)USD | -216,882,000Source | -126,314,000Source | -31,381,000Source | -1,281,634Source |
| Other Nonoperating Income (Expense)USD | 1,744,000Source | 3,631,000Source | 23,580,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | 2,732,207Source |
| Income Tax Expense (Benefit)USD | 56,497,000Source | -46,892,000Source | -8,527,000Source | 800,905Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,823,000Source | -163,000Source | 538,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -306,540,000Source | -105,365,000Source | -19,253,000Source | 1,931,302Source |
| Earnings Per Share, BasicUSD per share | -5.67Source | -2.19Source | -0.41Source | — |
| Earnings Per Share, DilutedUSD per share | -5.67Source | -2.19Source | -0.41Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 54,049,705Source | 48,073,973Source | 47,088,813Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 54,049,705Source | 48,073,973Source | 47,088,813Source | — |
| Interest Expense (non-operating)USD | 37,019,000Source | 29,512,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 0Source | 500,000Source | 500,000Source | — |
| Business Combination, Acquisition Related CostsUSD | — | — | 9,900,000Source | — |
| Debt and Equity Securities, Gain (Loss)USD | 292,000Source | -224,000Source | 26,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 23,213,000Source | 23,298,000Source | 30,529,000Source | — |
| Gain (Loss) on InvestmentsUSD | 291,000Source | -225,000Source | 30,000Source | — |
| General and Administrative ExpenseUSD | — | — | — | 1,281,634Source |
| Gross ProfitUSD | -155,259,000Source | -63,040,000Source | 35,814,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -251,866,000Source | -152,420,000Source | -27,242,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -1,291,000Source | -415,000Source | 7,740,000Source | — |
| Interest ExpenseUSD | — | — | 19,471,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -306,540,000Source | -105,365,000Source | -19,253,000Source | — |
Filing attachments
southland_ex99-1.htm · 8-K · 2026-08-13
EX-99.1 4 southland_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Southland Executes Financing Agreement & Credit Amendment with Surety Partners GRAPEVINE, Texas, August 13, 2026 - Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced that the Company entered into a financing agreement and credit amendment with certain surety partners. Frank Renda, Southland’s President & Chief Executive Off…
Read attachment ↗southland_ex99-1.htm · 8-K · 2026-08-12
EX-99.1 2 southland_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Southland Announces Second Quarter 2026 Results GRAPEVINE, Texas, August 12, 2026 -- 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 June 30, 2026. Revenue of $113.3 million for the quarter ended June 30, 2026, compared to $215.4 million for the quarter ended June 30, 2025. Gr…
Read attachment ↗southland_ex99-1.htm · 8-K · 2026-05-12
EX-99.1 2 southland_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Southland Announces First Quarter 2026 Results GRAPEVINE, Texas, May 12, 2026 - 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 March 31, 2026. Revenue of $172.4 million for the quarter ended March 31, 2026, compared to $239.5 million for the quarter ended March 31, 2025. Gros…
Read attachment ↗southland_ex99-1.htm · 8-K · 2026-03-26
EX-99.1 2 southland_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Southland Announces Fourth Quarter & Full Year 2025 Results GRAPEVINE, Texas, March 26, 2026 -- 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 and full year ended December 31, 2025. Fourth Quarter 2025 Results Include: Revenue of $104.0 million for the quarter ended December 31, 2025…
Read attachment ↗