Filing Flows › Southland Holdings (SLND) › Q4 2024
Southland Holdings (SLND) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
Southland Holdings (SLND) reported revenue of $267M for the fourth quarter 2024 (Q4 2024), -15% from a year earlier and +54% from the quarter before. Operating margin was -3.0%, net loss $2.6M (1.0% of revenue).
Southland Holdings, Q4 2024: revenue $267M (-16% year over year), operating margin -3.0%, net loss $2.6M, operating cash flow −$10.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +54% | -15% |
| Operating profit | −$8.0M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$10.3M | — | — |
What changed
Revenue was $267.2M in Q4 2024, down 15% year over year and up 54% from the previous quarter. Transportation was the largest line at 61% of revenue.
Gross margin was 2.9%, down 3.8 points from a year earlier. Operating costs exceeded revenue by $8.0M, an operating margin of -3.0%. Operating expenses fell 21% while revenue fell 15%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $58.1M loss. Net interest and other expense of $8.6M was the main reason.
Operating cash flow was −$10.3M. Non-cash charges added back $6.4M of depreciation and amortization. Working capital and other items used $14.1M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$11.5M.
Questions
What was Southland Holdings' revenue in the fourth quarter 2024?
Southland Holdings (SLND) reported revenue of $267M for the fourth quarter 2024 (Q4 2024), -15% from a year earlier and +54% from the quarter before.
Was Southland Holdings profitable in the fourth quarter 2024?
Operating loss was $8.0M (-3.0% of revenue) and net loss $2.6M.
Source: Southland Holdings 10-K on SEC EDGAR.