Wednesday, May 8, 2019
DLH Holdings Corp. (DLHC)
Are Acquisitions on the Horizon?
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offer 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.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Reports 2Q19 Results. Revenue for the quarter came in at $33.8M, down slightly year-over-year, and below our $35 million estimate. EBITDA came in at $2.9 million and EPS $0.10. We were at $3.25 million and $0.13. Gross margin of 23.9% was ahead of our 23.1%, while operating margin of 6.9% was modestly below our 7.3% estimate.
- Quarterly Highlights. The y-o-y revenue decline was due primarily to the timing of workload volume on HHS contracts. The improvement in direct expense relates to decreased professional service and travel cos…
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