southland holdings is a multi-faceted industry leader and through our family of companies make up one of the world’s largest heavy civil construction firms. we have thousands of professionals located across the world who are recognized as the industry’s seasoned pros and technical specialists. we deliver projects in new and alternative ways with solutions that extend across the united states, canada, middle east and africa. our leaders have an innate understanding of the construction industry combined with forward-thinking vision that has yielded impressive growth and over $2 billion in active projects. company resources: southland holdings operates through the combined strengths of our five companies: • southland contracting • oscar renda contracting • johnson bros. • mole constructors • heritage asphalt our approach • we are multi-faceted and resourceful with extensive design, construction and management expertise to build in the world’s most challenging conditions. • we self-perform
Company profile
Ticker
SLND
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LEGATO MERGER CORP. II
SEC CIK
Corporate docs
Subsidiaries
Southland Holdings LLC • Southland Contracting, Inc. • Johnson Bros. Corporation • Mole Constructors, Inc. • Oscar Renda Contracting, Inc. • Heritage Materials, LLC • American Bridge Company • Renda Pacific LLC • Southland RE Properties LLC • Oscar Renda Contracting of Canada, Ltd. ...
SLND stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
10 Apr 24
EFFECT
Notice of effectiveness
9 Apr 24
EFFECT
Notice of effectiveness
9 Apr 24
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
POS AM
Prospectus update (post-effective amendment)
29 Mar 24
S-3
Shelf registration
15 Mar 24
POS AM
Prospectus update (post-effective amendment)
15 Mar 24
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
7 Mar 24
Latest ownership filings
4
Walter Timothy Winn
27 Mar 24
4
Rudolph V. Renda
27 Mar 24
4
Cody Gallarda
27 Mar 24
4
Frankie S. Renda
27 Mar 24
4
Cody Gallarda
16 Feb 24
SC 13G/A
First Trust Capital Management L.P.
12 Feb 24
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
7 Feb 24
4
Rudolph V. Renda
2 Jan 24
4
Frankie S. Renda
2 Jan 24
4
Mario Enrique Ramirez
26 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 46.75 mm | 46.75 mm | 46.75 mm | 46.75 mm | 46.75 mm | 46.75 mm |
Cash burn (monthly) | 2.45 mm | 897.67 k | (no burn) | 7.96 mm | 8.65 mm | (no burn) |
Cash used (since last report) | 16.66 mm | 6.10 mm | n/a | 54.11 mm | 58.79 mm | n/a |
Cash remaining | 30.09 mm | 40.65 mm | n/a | -7.36 mm | -12.04 mm | n/a |
Runway (months of cash) | 12.3 | 45.3 | n/a | -0.9 | -1.4 | n/a |
Institutional ownership, Q3 2023
24.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 32 |
Opened positions | 1 |
Closed positions | 2 |
Increased positions | 1 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 3.51 bn |
Total shares | 11.69 mm |
Total puts | 0.00 |
Total calls | 105.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Frankie S. Renda | 6.14 mm | $51.58 mm |
Atalaya Capital Management | 860.30 k | $567.80 mm |
Calamos Advisors | 750.00 k | $516.15 mm |
Linden Advisors | 400.00 k | $275.28 mm |
Centiva Capital | 241.56 k | $159.43 mm |
Davidson Kempner Capital Management | 237.50 k | $156.77 mm |
Ionic Capital Management | 228.37 k | $157.17 mm |
Exos TFP | 227.85 k | $169.78 mm |
Walleye Capital | 223.52 k | $147.55 mm |
Taconic Capital Advisors | 222.90 k | $147.14 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | Cody Gallarda | Common Stock | Payment of exercise | Dispose F | No | No | 5.15 | 5,024 | 25.87 k | 61,676 |
25 Mar 24 | Cody Gallarda | Common Stock | Grant | Acquire A | No | No | 0 | 13,823 | 0.00 | 66,700 |
25 Mar 24 | Frankie S. Renda | Common Stock | Payment of exercise | Dispose F | No | No | 5.15 | 700 | 3.61 k | 11,571,521 |
25 Mar 24 | Frankie S. Renda | Common Stock | Grant | Acquire A | No | No | 0 | 29,806 | 0.00 | 11,572,221 |
25 Mar 24 | Walter Timothy Winn | Common Stock | Payment of exercise | Dispose F | No | No | 5.15 | 370 | 1.91 k | 1,687,205 |
25 Mar 24 | Walter Timothy Winn | Common Stock | Grant | Acquire A | No | No | 0 | 15,767 | 0.00 | 1,687,575 |
25 Mar 24 | Rudolph V. Renda | Common Stock | Payment of exercise | Dispose F | No | No | 5.15 | 370 | 1.91 k | 3,877,334 |
25 Mar 24 | Rudolph V. Renda | Common Stock | Grant | Acquire A | No | No | 0 | 15,767 | 0.00 | 3,877,704 |
14 Feb 24 | Cody Gallarda | Common Stock | Payment of exercise | Dispose F | No | No | 4.92 | 34,789 | 171.16 k | 52,877 |
14 Feb 24 | Cody Gallarda | Common Stock | Option exercise | Acquire M | No | No | 0 | 86,666 | 0.00 | 87,666 |
News
Southland Bags $56M Wastewater Treatment Plant Facility Project
27 Mar 24
DA Davidson Reiterates Neutral on Southland Holdings, Maintains $6 Price Target
6 Mar 24
Southland Holdings: Q4 Earnings Insights
4 Mar 24
Southland Holdings Q4 Adj EPS $(0.12) Misses $0.02 Estimate, Sales $316.19M Beat $274.41M Estimate
4 Mar 24
Earnings Scheduled For March 4, 2024
4 Mar 24