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DLH Holdings Corp. (NASDAQ: DLHC) is a leading provider of technology-enabled business process outsourcing and program management solutions in the United States. The company leverages digital transformation, artificial intelligence, analytics, cloud-based applications, and telehealth systems to support large-scale federal health and human services initiatives. DLH's mission is to be the most trusted provider of technology-enabled healthcare and public health services, medical logistics, and readiness enhancement services to those securing the freedom of our nation, veterans, and underserved communities.
DLH delivers professional healthcare and public services to several government agencies, including the U.S. Departments of Defense, Health and Human Services, and Veterans Affairs. The company is engaged in key areas such as defense and veterans health solutions, human services and solutions, and public health and life sciences. With more than 3,200 employees working across 30 states, DLH brings a unique combination of government sector experience and commitment to innovation.
DLH has been recognized by GovWin IQ as a top service provider in the health services spending category. Recently, the company has seen significant growth and further debt reduction, positioning it well for future endeavors. The company continually strives to enhance technology, public health, and cybersecurity readiness through science, technology, cyber, and engineering solutions and services.
One notable achievement is DLH's new award with the National Institute on Drug Abuse (NIDA), valued at approximately $23 million. This contract includes managing the operations of an integrated advanced clinical/research informatics system, supporting the research, design, development, and maintenance of clinical and scientific informatics, and providing IT infrastructure and desktop support. This partnership underscores DLH’s commitment to delivering superb execution and excellence in public health services.
Financially, DLH has reported a positive trajectory with increased income from operations, higher net income, and a robust backlog of projects. For the first quarter of fiscal 2024, the company recorded income from operations of $6.8 million, and net income of approximately $2.2 million, showing significant improvement compared to the previous year. As of the latest updates, the total backlog stands at approximately $736.2 million, signaling strong future performance and continued growth.
DLH Holdings Corp. (NASDAQ: DLHC) reported its fiscal 2025 first quarter results with revenue of $90.8 million, down from $97.9 million in fiscal 2024. Net income decreased to $1.1 million ($0.08 per diluted share) from $2.2 million ($0.15 per diluted share) year-over-year.
The company's EBITDA was $9.9 million compared to $11.1 million in the prior year. Total debt increased to $167.0 million as of December 31, 2024, from $154.6 million in September 2024. Contract backlog stood at $665.3 million.
The revenue decline was primarily attributed to small business conversions and service delivery timing. The company recently secured a Navy C5ISR services contract and won access to the OASIS+ government-wide ID/IQ contract, positioning for future growth opportunities.
DLH Holdings Corp. (NASDAQ: DLHC) has announced it will release its fiscal first quarter financial results for the period ended December 31, 2024, on February 5, 2025, after market close. The company will host a conference call on February 6, 2025, at 10:00 a.m. Eastern Time, where senior management will present financial results and operating trends, followed by a Q&A session.
Investors can access the conference call by dialing 888-347-5290 or 412-317-5256. Presentation materials will be available on the DLH Investor Relations website before the call. A digital recording will be accessible two hours after the call by dialing 877-344-7529 with conference ID 8450242.
DLH, a Russell 2000 company with over 3,000 employees, specializes in technology, public health, and cyber security solutions for federal customers, focusing on digital transformation, AI, advanced analytics, cloud-based applications, and telehealth systems.
DLH Holdings Corp. (NASDAQ: DLHC) has secured a significant Governmentwide Acquisition Indefinite Delivery/Indefinite Quantity (GWAC ID/IQ) contract through the One Acquisition Solution for Integrated Services (OASIS+) program. The company won positions in all five domains it bid for, including Research and Development Services, Technical and Engineering Services, Intelligence Services and Solutions, Logistics Services and Solutions, and Management and Advisory Services.
The contract, which can be utilized by all federal agencies including the Defense Health Agency, CDC, and Department of Defense, has a base period of five years with an additional five-year option period. Notably, OASIS+ has no ceiling or cap on awards. The contract award follows proposals submitted in June 2023 and represents a significant expansion of DLH's addressable market and competitive opportunities.
DLH Holdings reported Q4 fiscal 2024 results with revenue of $96.4 million, down from $101.5 million in Q4 2023. Net earnings improved to $2.3 million ($0.16 per diluted share) compared to a loss of $2.6 million in the prior year. The company reduced its debt to $154.6 million from $179.4 million year-over-year.
Full-year fiscal 2024 revenue increased to $395.9 million from $375.9 million in 2023. Annual earnings were $7.4 million ($0.51 per diluted share), up from $1.5 million in 2023. Contract backlog stood at $690.3 million. The company secured a new $76 million contract with the U.S. Navy for C5ISR services and amended its credit facility to provide flexibility during business transition.
DLH Holdings Corp. (NASDAQ: DLHC) announced it will release its fiscal fourth quarter 2024 financial results on December 4, 2024 after market close. The company will host a conference call on December 5, 2024 at 10:00 a.m. Eastern Time, featuring senior management's presentation on financial results and operating trends, followed by a Q&A session. Investors can join via phone at 888-347-5290 or 412-317-5256. Presentation materials will be available on DLH's Investor Relations website, and a recording will be accessible by dialing 877-344-7529 with conference ID 4353784.
DLH Holdings (NASDAQ: DLHC) reported significant debt reduction and credit facility amendments for fiscal year 2024. The company reduced its total debt to $154.6 million from $179.4 million, representing a $24.8 million decrease during fiscal 2024, including $11.9 million in Q4. The company has satisfied all mandatory amortization payments for fiscal 2025.
DLH amended its credit agreement, modifying financial covenants and reducing revolving loan capacity from $70 million to $50 million. These changes aim to provide flexibility during the transition of business, particularly regarding the Department of Veterans Affairs' CMOP program. The company plans to release full audited financial results on December 5, 2024.
DLH Holdings Corp. has secured a contract to support the Naval Information Warfare Center Atlantic's Tactical Networks. The contract, valued at approximately $76 million ($61 million firm value plus $15 million in optional services), has a performance period of up to five years. As the prime contractor, DLH will provide In-Service Engineering Agent and Integrated Logistics Support services for various C5ISR program offices and systems, including PEO-C4I, PMW-160, NAVWAR, and NAVSEA. The work will support NIWC Atlantic's research, development, and engineering efforts focused on integrated information warfare capabilities and Enterprise IT systems.
DLH Holdings Corp. (NASDAQ: DLHC) reported its fiscal 2024 third quarter results. Revenue was $100.7 million, down slightly from $102.2 million in the same quarter last year. Earnings were $1.1 million, or $0.08 per diluted share, compared to $1.7 million, or $0.12 per diluted share, in Q3 2023. EBITDA decreased to $10.0 million from $11.4 million year-over-year.
The company continued to reduce its debt, which stood at $166.5 million as of June 30, 2024. Contract backlog was $670.5 million. DLH saw growth in its Department of Health and Human Services portfolio, offset by small business set-aside contract conversions. The company expects to further reduce its debt to between $160.0 million and $157.0 million by the end of fiscal 2024.
DLH Holdings Corp. (NASDAQ: DLHC), a leading provider of science research and development, systems engineering, digital transformation, and cyber security solutions to federal agencies, has announced it will release its fiscal 2024 third quarter financial results on July 31, 2024, after market close. The company will host a conference call for investors on August 1, 2024, at 10:00 a.m. Eastern Time.
During the call, senior management will present the financial results and operating trends, followed by a Q&A session. Investors can join the call by dialing 888-347-5290 or 412-317-5256. Presentation materials will be available on the DLH Investor Relations website prior to the call. A digital recording will be accessible for replay two hours after the call's completion.
DLH Holdings (NASDAQ: DLHC), a leader in science, engineering, and cyber security solutions for federal agencies, announced their participation in two major investor events in June 2024. These events are the Stifel 2024 Cross Sector Insight Conference in Boston on June 4 and the Baird 2024 Global Consumer, Technology & Services Conference in New York on June 5.
Both events offer an opportunity for institutional investors to engage with DLH's management and access presentation materials. The Stifel Conference presentation will be webcast at 2:25 p.m. Eastern on June 4. DLH specializes in public health and cyber security missions, leveraging advanced technologies and methodologies to solve complex problems for federal clients.
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