Southland Holdings, Inc. (NYSE:SLND) Q4 2023 Earnings Call Transcript

Alex Hantman: Got it. Thank you. And just zooming out a bit, so on the Transportation segment, could you help us get a better sense for how core Transportation is performing, ex-M&P, American Bridge. Midwest Bridge.

Frank Renda: Yes. I share the breakouts of M&P from Transportation, in Q4 Transportation; M&P was just under 8% margins. Full year ex-M&P was a little over 11%. So not where we see the potential for margin performance in that business, but certainly — certainly reflects a lot of the good work that we do have in that segment.

Alex Hantman: Great. Thank you for the color. And last one from me, just on interest expense, what should we be assuming for 2024 for you guys?

Frank Renda: I think where you look at interest expense hit in the fourth quarter, we’re just under that $6 million a quarter mark. We see base rates somewhat stabilizing. Hopefully, we’ll decrease over time. So I think where we were in Q4 with our current debt structure is probably a good starting place for modeling out 2024.

Operator: Thank you. There are no further questions. I will now turn the call back over for closing comments.

Frank Renda: Thanks for joining — thanks for joining the call today, everyone. Appreciate your time.

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