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A $102.3 million cumulative catch-up adjustment tied to unresolved contract claims cut Southland Holdings, Inc.
(NYSE American: SLND) quarterly revenue nearly in half and drove a net loss attributable to stockholders of $84.3 million, or $1.55 per share, for the three months ended June 30, 2026, according to an 8-K filed by the company.
Revenue and margin collapse Revenue for the quarter came in at $113.3 million, down from $215.4 million in the year-earlier period.
The company disclosed it conducted a comprehensive reassessment of claim recoverability across several projects, including substantially completed work, after receiving updated information on the timing and potential size of recoveries.
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