Movers and SHAKERS
Thursday, August 27, 2020
DLH Holdings Corp. (DLHC)
A Significant Renewal
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.
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Head Start Renewal. Yesterday, DLH announced it had been awarded a contract to continue providing national monitoring support services to the Administration for Children and Families' Office of Head Start. The OHS contract is one of DLH's Big 3 contracts, along with the two VA contracts. The renewal adds certainty to a major portion of DLH's revenue base going forward, in our view.
Details. The contract includes a base period of eight months, with four one-year options, valued at $150 million including the option periods, and it continues DLH’s longstanding relationship with ACF. In 2019, support for Head Start generated ...
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.