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Friday, August 7, 2020
DLH Holdings Corp. (DLHC)
Post 3Q Call Commentary: Company Well Positioned to Capitalize on Current Trends
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Growth Across the Business. Although a decline in "pass through" revenue was the cause of the lighter-than-projected revenue, DLH saw growth across its business segments. VA-related revenue grew to $24.8 million in the quarter, up from $23.1 million in the year ago period. HHS-related revenue grew to $23.3 million from $14.3 million in the year ago period, driven by the inclusion of S3 for the entire quarter versus a partial quarter last year. Other revenue improved to $3.4 million from $1.3 million.
Adjusted Earnings. On a reported basis, DLH generated net income of $2.1 million, or $0.16 per share, in the fiscal third quarter compared to $0.8 million, or $0.06 per share, in the year ago period. Adjusting for the $1.2 million of acquisition related costs in ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
