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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 impressive financial results for the fiscal first quarter of 2022, with revenue soaring to $152.8 million, up from $57.9 million in the prior year, largely due to FEMA contracts in Alaska. Earnings were $7.8 million or $0.55 per diluted share compared to $1.8 million or $0.13 per diluted share in 2021. Notably, the company reduced its term debt to $42.9 million from $46.8 million. Contract backlog stood at $633.6 million, indicating strong future revenue potential despite expected declines in the second quarter.
DLH Holdings Corp. (NASDAQ: DLHC) will announce its financial results for the fiscal first quarter ended December 31, 2021, on January 31, 2022, after market close. A conference call will be held on February 1, 2022, at 10:00 a.m. ET, where senior management will present financial results and operational trends, followed by a Q&A session. Interested parties can access the call by dialing 888-347-5290. Presentation materials will be available on the Investor Relations section of DLH's website. DLH specializes in healthcare and human services for federal programs.
DLH Holdings Corp. (NASDAQ: DLHC) reported Q4 revenue of $65.2 million, a significant increase from $50.7 million in Q4 2020, driven by the acquisition of IBA and new contracts. For the full year, revenue reached $246.1 million, up 17.6% from $209.2 million. The company achieved earnings of $2.9 million or $0.21 per diluted share in Q4 2021, compared to $1.4 million or $0.10 in Q4 2020. Debt was reduced to $46.8 million, and total contract backlog stands at $651.5 million.
DLH Holdings Corp. (NASDAQ: DLHC) will participate in two significant investor events in December 2021. These include the Truist Securities Industrials & Services Virtual Summit on December 7 and the Sidoti Virtual MicroCap Conference on December 9. The company is a leader in healthcare and human services for the federal government, employing over 2,200 personnel. Further details, including presentation materials, will be available on their website. DLH focuses on enhancing public health through innovation, AI, and digital solutions.
DLH Holdings Corp. (NASDAQ: DLHC) will release its financial results for the fourth quarter ending September 30, 2021, on December 6, 2021, prior to market opening. A conference call for investors will follow at 10:00 a.m. ET, featuring senior management presentations on financial outcomes and operating trends, along with a Q&A session. Interested individuals can access the call at 888-347-5290 or 412-317-5256. DLH specializes in healthcare and human services for the federal government and employs over 2,200 staff to support various government agencies.
DLH Holdings Corp. (NASDAQ: DLHC) has announced the appointment of G. Maliek Ferebee as Chief Human Resources Officer (CHRO). Ferebee will oversee all HR operations, focusing on talent development, employee engagement, and diversity. He previously served as Chief Human Capital Officer at Alion Science and Technology, managing a workforce of over 3,200. Zach Parker, DLH President and CEO, expressed confidence in Ferebee’s expertise and leadership, expecting his contributions to enhance the company’s growth and employee engagement.
SnapNurse has partnered with DLH Holdings Corp (NASDAQ: DLHC) to deploy hundreds of emergency medical personnel in Alaska, addressing an increase in COVID-19 cases. This initiative supports two FEMA contracts, valued at a total of $107 million for a 90-day base period. The contracts include emergency medical services and community COVID-19 testing efforts, with optional extensions available. SnapNurse's innovative staffing model aims to fill vacancies within 48 hours, contrasting with traditional agencies' 14-day average.
DLH Holdings Corp. (NASDAQ: DLHC) has secured a $20 million contract under a FEMA initiative to aid Alaska in COVID-19 response through testing, vaccination, and monoclonal antibody therapy. This award, effective for a 90-day base period with three optional one-month extensions, complements a previous contract for medical countermeasures announced in September. DLH will manage logistics for healthcare personnel, ensuring efficient distribution of vital medical services in Alaska.
DLH Holdings Corp. (NASDAQ: DLHC) announced a new contract to provide medical countermeasures and emergency medical services in Alaska amid rising COVID-19 cases. The contract, awarded by FEMA, has a ceiling value of $87 million for an initial 90-day period, with options for three additional months. DLH will coordinate emergency medical logistics and deploy experienced medical staff to enhance healthcare services throughout the state. This move supports DLH's ongoing commitment to address public health challenges during the pandemic.
DLH Holdings Corp. (NASDAQ: DLHC) has secured a contract from the CDC's Division of HIV Prevention for data management services, valued at $35 million over five years. The contract aims to support initiatives to reduce new HIV infections and improve care linkage for HIV-infected individuals. This opportunity strengthens DLH's commitment to public health and enhances its relationship with the CDC. The company will collaborate with various specialists to provide comprehensive data management services, contributing to the ongoing fight against infectious diseases.
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