Full Transcript: Southland Holdings Q1 2026 Earnings Call

Southland Holdings (AMEX:SLND) held its first-quarter net league telephone connected Wednesday. Below is the implicit transcript from the call.

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The afloat net telephone is disposable astatine https://events.q4inc.com/attendee/955559118

Summary

SLND reported archetypal 4th 2026 gross of $172 million, including a gross reversal of $18 cardinal owed to non-cash adjustments from bequest quality resolutions.

The institution is progressing connected its strategical program to upwind down bequest projects, supported by $125 cardinal precocious by surety partners, with a broader financing statement expected to adjacent soon.

Net nonaccomplishment for the archetypal 4th was $28.4 million, driven by unfavorable adjustments of $26 cardinal related to bequest disputes.

SLND's civilian conception achieved a 14% gross margin, showcasing beardown show successful halfway projects.

Management is focused connected improving fiscal flexibility and converting opportunities into caller awards, with a beardown pipeline of projects successful water, bridge, marine, and passageway work.

Full Transcript

Tracy (Operator)

Good morning. My sanction is Tracy and I volition beryllium your league relation today. At this time, I would similar to invited everyone to the Southland archetypal 4th 2026 net league call. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speaker's remarks, determination volition beryllium a question and reply session. If you would similar to inquire a question during this time, simply property STAR followed by the fig 1 connected your telephone keypad. To retreat your question, property prima 1 again. Thank you, Alex. You whitethorn statesman your conference.

Alex Murray (Vice President of Corporate Development and Investor Relations)

Good greeting everyone and invited to the Southland archetypal 4th 2026 league call. This is Alex Murray, Vice President of Corporate Development and Investor Relations. Joining maine contiguous are Frank Renda, President and Chief Executive Officer. Akeem Bassano, Chief Financial Officer. Before we begin, I'd similar to punctual everyone that this league telephone whitethorn incorporate guardant looking statements wrong the meaning of Section 27A of the securities enactment of 1933, Section 21E of the securities Exchange enactment of 1934 and the Private Securities Litigation Reform enactment of 1995. Forward looking statements are neither humanities facts nor assurances of aboriginal performance. Forward looking statements are uncertain and extracurricular of Southland's control. Southland's existent results and fiscal information whitethorn disagree materially from those projected successful the guardant looking statements. Therefore, you should not trust connected immoderate of these guardant looking statements. But we bash not undertake immoderate work to update these statements. For a treatment of immoderate of the risks that could impact these results, delight spot the Risk Factors conception of our Form 10K for the twelvemonth ended December 31, 2025 that was filed with the SEC connected March 26, 2026 and the treatment successful Form 10Q for the 4th ended March 31, 2026 that was filed with the SEC past night. We volition besides notation to non GAAP fiscal measures and you volition find reconciliations successful the property merchandise relating to this league telephone which tin beryllium recovered connected the Investor Relations leafage of our website. With that, I volition present crook the telephone implicit to Frank.