Southland Holdings, Inc. (NYSE: SLND) announced today that two subsidiaries in its Civil segment have been awarded a $34-million tunnel project in the Southwest and additional contracts on data center projects.
Southland Contracting was awarded a $34-million tunnel project in the Southwest. According to this morning’s news release, “the scope of work includes the design and installation of 5,800 linear feet of liner-plate crossings, including the shafts, shoring and grouting.”
Net loss was $748,000, or ($0.01) per share, compared to a net loss of $1.2 million, or ($0.01) per share, in the prior-year period.
Oscar Renda Contracting was also awarded a master service agreement to provide labor and equipment at a data center site in the Mid-Atlantic. Separately, it was awarded two contracts, including a master agreement, at a data center site in the Southwest. The final contract value of the data center awards will depend on the actual quantities of work performed, as directed by the customer. The contracts are project-specific and are not recurring in nature.
Southland, headquartered in Grapevine, Texas, is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world.
SLND shares acquired 10 cents, or 16.3%, to 75 cents.
