Southland Holdings reported higher sales, gross profit of $20.6 million, $7.0 million in operating income, and a $1.71 billion backlog. The report names no setback to counter these gains, pointing to a stronger business outlook.
The higher gross profit and positive operating income suggest Southland kept more money from its work. Its larger backlog also means more work is listed ahead. The report names no setback to counter these gains.
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