Tuesday, December 07, 2021

DLH (DLHC)
Primed for Growth

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.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q21 Results. DLH reported revenue of $65.2 million in the quarter, up from $50.7 million in the same period last year. IBA added $8.5 million of revenue. We had projected revenue of $63.0 million. Net income totaled $2.9 million, or $0.21 per diluted share, versus $1.4 million, or $0.10 per diluted share, last year. We had forecasted $3.0 million, or $0.22 per share.


Awards.  The big news during the quarter, and subsequently, has been the FEMA awards, which now total over $140 million, with the opportunity for additional follow-ons. While the FEMA awards are short-term in nature, DLH’s success in not only winning the awards, but also successfully implementing them, speaks volumes about the capabilities of the Company and bodes well for the future …

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.