Southland lifts gross margin to 8.8% as backlog climbs to $1.71 billion
Southland (SLND) grew third-quarter revenue 9.6% to $233.8 million, posted $33.7 million net income and reached a $1.71 billion backlog.
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what happened
According to TradingView, Southland (SLND) reported third-quarter revenue up 9.6% year on year to $233.8 million. Net income came in at $33.7 million, though that figure included a one-off $28.7 million gain from a surety settlement.
Gross margin from core operations rose to 8.8% as the underlying business became more profitable. The backlog grew to $1.71 billion, and new awards totaling $271 million added further work to the order book.
why it matters
Two points matter for investors: part of the profit came from a one-time gain, while the larger backlog points to a busy schedule for several quarters ahead. The report matters most to the company's shareholders and to firms in the construction infrastructure segment.
market impact
SLND shares: higher core margin and bigger backlog support interest in the company
- SLND shares pressure up — higher core margin and a larger backlog support expectations for the company
tags
instruments
sources
- SLND: Core execution lifted gross margin to 8.8% as backlog grew to $1.71 billion — TradingView, 13 November 2026 at 16:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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