Southland Holdings, Inc. (SLND) Q3 2024 Earnings Call Transcript Summary
Southland Holdings, Inc. (SLND) Q3 2024 Earnings Call Transcript Summary
Net loss for the quarter was $55 million, a significant decline from a net income of $4 million in Q3 2023.The following is a summary of the Southland Holdings, Inc. (SLND) Q3 2024 Earnings Call Transcript:
以下是Southland Holdings, Inc. (SLND) 2024年第三季度業績會成績單：
Financial Performance:
財務表現：
Q3 2024 revenue was $173 million, down from $312 million in Q3 2023.
Gross loss for Q3 2024 was $51 million, with unfavorable adjustments driving non-cash impacts and reduced recognized revenue.
Net loss for the quarter was $55 million, a significant decline from a net income of $4 million in Q3 2023.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was negative $59 million for Q3 2024.
2024年第三季度營業收入爲17300萬美元，較2023年第三季度的31200萬美元下降。
2024年第三季度毛虧損達5100萬美元，不利調整帶來非現金影響並降低了確認收入。
本季度淨損失爲5500萬美元，較2023年第三季度400萬美元的淨利潤大幅下滑。
2024年第三季度利息、稅收、折舊和攤銷前EBITDA爲負5900萬美元。
Business Progress:
業務進展:
Southland has a strong backlog for new core projects at approximately $2.5 billion, positioning well for future growth.
Completed significant transactions to strengthen balance sheet, including a $42.5 million real estate deal and a $160 million senior secured loan.
Focus on securing smaller, quicker-turnaround projects valued between $30 million and $150 million, alongside tracking larger infrastructure projects in Civil and Transportation sectors.
Southland在新核心項目方面擁有約25億美元的強勁訂單積壓，爲未來增長做好了充分準備。
完成了重要的交易，以加強資產負債表，包括一項4250萬美元的房地產交易和一項16000萬美元的優先擔保貸款。
專注於獲得價值在3000萬至15000萬美元之間的較小、週轉更快的項目，同時跟蹤土木和運輸行業的大型基礎設施項目。
Opportunities:
機會：
New core projects and strategic focus are expected to drive profitability in 2025.
Significant pipeline of over $20 billion in transportation projects and additional major projects across various regions show robust opportunities for growth.
新的核心項目和戰略聚焦有望推動2025年的盈利能力。
運輸項目中超過200億美元的重要項目管道以及各個地區的其他重大項目顯示出強勁的增長機會。
Risks:
風險：
Persistent challenges from legacy M&P and non-M&P projects expected to continue impacting financial results till their completion in 2025.
Recent natural disasters in the Southeast may influence the timeline and execution of ongoing and future projects.
預計傳統M&P和非M&P項目的挑戰將持續影響到2025年它們完成時的財務業績。
東南部最近發生的自然災害可能會影響正在進行中和未來項目的時間表和執行。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
