Southland Holdings, Inc. (NYSE:SLND) Q3 2023 Earnings Call Transcript

Cody Gallarda : Yes. I think, we’re unfortunately, we get to give you limited information. You get the ratio model off that. We’ve disclosed that we expect over the next 12 months, leading to 3 quarters of 2024, obviously, we’ll burn 42% of our current backlog. That doesn’t include pickup from new awards that may contribute. So pending the significant amount of awards that we have outstanding, we could be flat, we could add. It’s still too early to tell, and we look forward to having more color on that in our next call as we get some — as we find out the results on these bids outstanding.

Adam Thalhimer : Okay. What’s the timing on the [SR 23] done in Florida?

Frank Renda: So that — if you’re referring to the [Shands] bridge, we’re continuing on the — we’re continuing on the design, and we’re getting close to starting to break ground on the project. And once we do over the next — next few years, it’s a fairly linear projects, and we should be able to kind of project that out. But we’re really, really excited about what the team has done there, the design process, what we have in place and excited to get it started on the construction here very shortly.

Adam Thalhimer : Okay. And Cody, do you have — lastly, do you have any thoughts on interest expense in Q4?

Cody Gallarda : We had a large equipment note refinance that we’ve talked about already on some of our equipment that’s fully amortizing at a higher rate. I think you’re going to see us be in that 5.5-ish, 5.5, 6-ish range in Q4.

Operator: There are no further questions at this time. Please proceed with your closing remarks, Mr. Murray.

Alex Murray: Thank you, everyone, for joining the call. If you follow us, please reach out.

Frank Renda: Thank you, everyone.

Cody Gallarda : Thanks, everybody.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines. Thank you.