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年第三季度业绩会成绩单：
Financial Performance:
财务表现：
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年第三季度营业收入为17300万美元，较2023年第三季度的31200万美元下降。
2024年第三季度毛亏损达5100万美元，不利调整带来非现金影响并降低了确认收入。
本季度净损失为5500万美元，较2023年第三季度400万美元的净利润大幅下滑。
2024年第三季度利息、税收、折旧和摊销前EBITDA为负5900万美元。
Business Progress:
业务进展：
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在新核心项目方面拥有约25亿美元的强劲订单积压，为未来增长做好了充分准备。
完成了重要的交易，以加强资产负债表，包括一项4250万美元的房地产交易和一项16000万美元的优先担保贷款。
专注于获得价值在3000万至15000万美元之间的较小、周转更快的项目，同时跟踪土木和运输行业的大型基础设施项目。
Opportunities:
机会：
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.
新的核心项目和战略聚焦有望推动2025年的盈利能力。
运输项目中超过200亿美元的重要项目管道以及各个地区的其他重大项目显示出强劲的增长机会。
Risks:
风险：
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.
预计传统M&P和非M&P项目的挑战将持续影响到2025年它们完成时的财务业绩。
东南部最近发生的自然灾害可能会影响正在进行中和未来项目的时间表和执行。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。
