Thursday, August 05, 2021
DLH Holdings Corp. (DLHC)
In-line Fiscal Third 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.
3QFY21 Results. Revenue totaled $61.6 million, up from $51.4 million in 3Q20. Irving Burton contributed $7.3 million to revenue, while organic revenue grew as work increased across other DLH programs. Earnings were $2.9 million, or $0.21 per diluted share, compared to $2.1 million, or $0.16 per diluted share last year. We had projected revenue of $62 million and EPS of $0.20.
Backlog. Quarter-end backlog was $566.2 million, down from $688.4 million as of September 30, 2020. Funded backlog was $76.4 million. Given the expansion of its capabilities, we expect DLH to be aggressive on bidding for a wider range of opportunities than historically. We view this positively …
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.
