SLND — what changed in the latest 10-Q
A section-by-section comparison of SLND's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +46 | −24 | ~17 | 26 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +6 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
In both our Transportation and Civil segments, we have competitors within the individual markets and geographic areas in which we operate, ranging from small, local companies to larger regional, national, and international companies. Although the construction business is highly competitive, there ar…
geographically and from an end market perspective. The degree and type of competition is influenced by the type and scope of construction projects within individual markets. Equipment ownership and ability to self-perform across numerous disciplines are two of our competitive advantages. We believe …
During 2025 and continuing through the first half of 2026, the U.S. government announced or imposed a variety of tariff or trade actions. In response many countries announced or imposed retaliatory tariff or trade actions, including tariffs on U.S. exports. These tariffs and trade actions have incre…
estimates. There have been no material developments or changes from the policies and estimates discussed in our annual disclosures.
Comparisons of the Three Months Ended June 30, 2026 to the Three Months Ended June 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-05-12
In both our Transportation and Civil segments, we have competitors within the individual markets and geographic areas in which we operate, ranging from small, local companies to larger regional, national, and international companies. Although the construction business is highly competitive, there ar…
During the first half of 2025, the U.S. government announced a variety of tariff actions in response to which many countries have announced retaliatory trade actions, including tariffs on U.S. exports. The tariffs and retaliatory trade actions have increased the cost of importing certain constructio…
The following table sets forth summary financial information for the three months ended March 31, 2026 and 2025:
Revenue for the three months ended March 31, 2026, was $172.4 million, a decrease of $67.1 million, or 28.0%, compared to the three months ended March 31, 2025. The decrease was attributable to a $68.0 million decrease in revenue in our Transportation segment primarily due to projects approaching co…
Cost of construction for the three months ended March 31, 2026, was $177.2 million, a decrease of $40.8 million, or 18.7%, compared to the three months ended March 31, 2025. The decrease was attributable to a $49.7 million decrease in our Transportation segment primarily due to projects approaching …
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-12
Amended and Restated Employment Agreement with Keith Bassano
On August 11, 2026, the Company entered into an amended and restated employment agreement (the “A&R Employment Agreement”) with Keith Bassano, the Company’s Chief Financial Officer.
Pursuant to the A&R Employment Agreement, on August 11, 2026, Mr. Bassano’s annual base salary was set at $475,000. In addition, beginning with the Company’s 2026 short-term incentive plan award, Mr. Bassano’s annual short-term incentive target opportunity was set at $350,000, with a minimum payout …
Under the A&R Employment Agreement, Mr. Bassano is eligible to earn up to an aggregate of $1,050,000 in additional cash incentive payments upon the completion of several specified milestones approved by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”…
In addition, under the A&R Employment Agreement, Mr. Bassano will receive a cash bonus of $60,000 following the end of each quarter, beginning with the quarter ending September 30, 2026 and continuing until the earliest to occur of (i) the date on which all of the milestones have been successfully a…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice