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DLH Holdings Corp. provides science research and development, systems engineering and integration, digital transformation, and cybersecurity solutions for federal government customers. Its news commonly covers financial results, operating trends, cash flow, debt reduction, backlog, and the impact of federal contracting conditions on revenue.
Company updates also focus on health and national security missions, including work for agencies such as NIH, HHS, VA, DoD, and related sub-agencies. Recurring themes include information technology task orders, enterprise systems management, cloud computing, software development, telehealth systems, artificial intelligence, advanced analytics, and cybersecurity certifications such as CMMC Level 2.
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.
DLH Holdings Corp. (NASDAQ: DLHC) reported positive revenue growth and backlog strengthening in the second quarter of fiscal 2024. Revenue was $101.0 million, earnings were $1.8 million, EBITDA was $10.2 million, and total debt decreased to $170.8 million. Contract backlog rose to $736.2 million. Management expects continued growth and value enhancement through debt reduction. DLH continues to secure contracts, with a new VA CMOP program contract valued at $200 million.
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