Thursday, May 06, 2021
DLH Holdings Corp. (DLHC)
A Solid Quarter
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.
2QFY21 Results. Revenue totaled $61.5 million, up from $54.8 million in 2Q20. Irving Burton contributed $7.4 million to revenue, while organic revenue declined mostly due to the absence of travel-related program revenue. Earnings were $2.6 million, or $0.19 per share, compared to $2.1 million, or $0.16 per share, last year. We had projected revenue of $58 million and EPS of $0.14.
Backlog. Quarter-end backlog was $608.7 million, down from $688.4 million as of September 30, 2020, but the quarter-end number does not reflect the $202 million CMOP logistics contract that was awarded in April 2021. We would note, however, the contract award is under protest. The existing contract has been extended through August 2021 …
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.
