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Thursday, December 12, 2019
DLH Holdings Corp. (DLHC)
Another Solid Quarter with Revenue Topping Expectations
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.
4Q19 Results. Fourth quarter revenue came in at $54.2 million and diluted EPS was $0.12. We were at $51.3 million and $0.13, respectively. The quarterly revenue exceeded management’s preliminary October expectation. Full year revenue totaled $160.4 million and diluted EPS was $0.41. Excluding transaction-related expenses, non-GAAP EPS was $0.49 for FY2019.
Organic Growth A Positive. As expected, the majority of the year-over-year revenue growth was driven by the S3 acquisition, but DLH also delivered organic growth of approximately…
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This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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