DLH Clocks 3% Revenue Growth In Q4; Expands Margins, Repays Debt

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  • DLH Holdings Corp (NASDAQ: DLHC) reported fourth-quarter revenue growth of 3% year-over-year to $67.2 million, beating the consensus of $67 million
  • EPS improved to $0.24, missing the consensus of $0.25.
  • Operating income increased by 16.4% Y/Y to $4.69 million, and the margin expanded by 80 bps to 7%.
  • Adjusted EBITDA margin expanded by 50 bps to 9.8%.
  • DLH had cash and equivalents of $0.2 million versus $24.1 million a year ago. 
  • DLH had debt outstanding under its credit facilities of $22.0 million for the current quarter versus $46.8 million as of September 30, 2021.
  • CEO Zach Parker said, "We begin fiscal 2023 with a healthy backlog of $482.5 million representing our diverse programs across numerous agencies in the markets we serve. In addition, we further paid down debt, leaving the Company with a solid balance sheet and the financial flexibility to fund business growth initiatives and invest in our people."
  • Price Action: DLHC shares closed lower by 2.26% at $13.43 on Friday.
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