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DLH Holdings Corp. (DLHC)
1Q20: Solid Start to the Year
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.
1Q20 Results. Revenue totaled $52.2 million, compared to $33.8 million last year and above our $51 million estimate. Operating income came in at $3.1 million, compared to $2.6 million last year and in-line with our $3.2 million estimate. Net income totaled $1.6 million, or $0.12 per share, compared to $1.7 million, or $0.13 per share last year and our $1.67 million/$0.13 per share estimate. Higher interest and amortization charges associated with the S3 acquisition impacted the bottom line.
S3 Remains the Driver. S3 generated revenue of $17.3 million in the quarter, This is down from $19.8 million in the fourth quarter of 2019 but we would remind readers that S3 revenues are prone to quarterly fluctuations due to...
This 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.