Investors in DLH Holdings Corp. (DLHC) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $7.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...

Financial Data and Key Metrics Changes - The company reported third quarter revenue of $100.7 million, down from $102.2 million in the prior year period, reflecting a decrease due to the transition of some programs to small business set-aside contracts [12][5] - EBITDA for the third quarter was $10 million, compared to $11.4 million in the previous year, primarily due to a higher-than-normal contribution from lower-margin non-labor pass-through revenue [12][5] - Operating cash flow for the period was $4.6 million, contributing to a year-to-date cash flow of $14.9 million [5] Business Line Data and Key Metrics Changes - The company experienced growth in public health and enterprise IT management sectors, which helped offset the revenue decline from small business transitions [12][7] - The transition of small business set-aside work negatively impacted third quarter sales, but demand for services in core markets remained strong [7][8] Market Data and Key Metrics Changes - The company anticipates several new business opportunities from core markets, with potential award decisions expected in the near term [6][8] - The government’s commitment to small business set-asides is expected to impact legacy contracts, with some contracts anticipated to run out in the coming quarters [17][34] Company Strategy and Development Direction - The company is focused on deleveraging its balance sheet and investing in new business development activities [6][5] - Enhancing the workforce's presence as thought leaders is a significant element of the growth strategy, with experts publishing research in relevant fields [10][11] - The company aims to maintain strong agency relationships and leverage advanced solutions and digital transformation capabilities to support growth [8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current award environment and the potential for new program wins, which could bolster top-line growth [6][8] - The company is aware of the challenges posed by the transition to small business set-asides but remains confident in its ability to adapt and compete effectively [17][34] - Management highlighted the importance of upcoming contract awards and the potential impact on revenue and margins [38][39] Other Important Information - The company paid off approximately $4.3 million of higher interest floating rate debt during the quarter, ending with $166.5 million in total debt [13] - The anticipated debt reduction at the end of Q4 is projected to be between $157 million and $160 million, maintaining a debt leverage ratio below 3.5x [13] Q&A Session Summary Question: Revenue came in lower than expected, can you provide more color on the soft business award runoff? - Management acknowledged the impact of small business set-aside transitions on revenue and indicated that some contracts are expected to run off in the coming quarters [15][17] Question: Can you provide an update on the CMOP contracts and confidence in recompeting? - Management noted that the VA has reopened competition for CMOP contracts, and while there are challenges, they believe they have a good probability of winning some contracts [20][22] Question: What is driving the decrease in gross margin? - The decrease in gross margin is attributed to a higher contribution of lower-margin pass-through costs compared to the prior period [25] Question: How much of the $100 million revenue is related to small business contracts? - Management indicated that small business contracts represent a negligible portion of total revenue, estimated to be less than 5% [31][32] Question: Can you quantify total proposals outstanding that are pending adjudication? - Management mentioned that there are over two dozen opportunities that could materially affect growth by mid-FY'25 [36][38] Question: What progress is being made on increasing proposal submissions? - Management expressed excitement about improvements in business development capabilities and the ability to pursue larger contracts with higher win probabilities [40][42]

DLH Holdings Corp. (DLHC) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.12, delivering a surprise of -7.69%. Over the last four quarters, the co ...

DLH Reports Fiscal 2024 Third Quarter Results Debt Reduction Continues as Company Sees Increased Bid Activity to Close Out Fiscal 2024 Atlanta, Georgia – July 31, 2024 - DLH Holdings Corp. (NASDAQ: DLHC) ("DLH" or the "Company"), a leading provider of science research and development, systems engineering and integration, and digital transformation and cyber security solutions to federal health IT and readiness agencies, today announced financial results for its fiscal third quarter ended June 30, 2024. Thir ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 0-18492 | --- | --- | |-----------------------------------------------------------------------------------------------|------------------------------- ...

ATLANTA, July 31, 2024 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ: DLHC) ("DLH" or the "Company"), a leading provider of science research and development, systems engineering and integration, and digital transformation and cyber security solutions to federal health IT and readiness agencies, today announced financial results for its fiscal third quarter ended June 30, 2024. Third Quarter Highlights Third quarter revenue was $100.7 million in fiscal 2024 versus $102.2 million in fiscal 2023, reflecting g ...

ATLANTA, July 22, 2024 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ: DLHC) ("DLH" or the "Company"), a leading provider of science research and development, systems engineering and integration, and digital transformation and cyber security solutions to federal agencies, will release financial results for the fiscal third quarter ended June 30, 2024 on July 31, 2024 after the market closes. DLH will then host a conference call for the investment community at 10:00 a.m. Eastern Time the following day, Augus ...

Interested parties may listen to the conference call by dialing 888-347-5290 or 412-317-5256. Presentation materials will also be posted on the Investor Relations section of the DLH website prior to the commencement of the conference call. A digital recording of the conference call will be available for replay two hours after the completion of the call and can be accessed on the DLH Investor Relations website or by dialing 877-344-7529 and entering the conference ID 2566648. DLH (NASDAQ: DLHC), a Russell 20 ...

DLH Holdings Corp. (DLHC) shares rallied 9.8% in the last trading session to close at $10.76. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.3% loss over the past four weeks. The stock is benefiting from revenue growth due to expansions within the company's health and Enterprise IT Management portfolios. This company is expected to post quarterly earnings of $0.14 per share in its upcoming report, which r ...

DLH Holdings Corporation (NASDAQ:DLHC) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Chris Witty - Managing Director, Investor Relations Zachary Parker - President, CEO & Director Kathryn JohnBull - CFO Conference Call Participants Joe Gomes - Noble Capital Markets Operator Welcome to the DLH Holdings Corp. Fiscal 2024 Second Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. I would now like to hand the call over to Chris ...