Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Judy Bjornaas was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
DLH Holdings Corp. to Report Q2, 2026 Results on May 06, 2026 DLH Holdings Corp. announced that they will report Q2, 2026 results After-Market on May 06, 2026 Announcement • Feb 02
DLH Holdings Corp. to Report Q1, 2026 Results on Feb 09, 2026 DLH Holdings Corp. announced that they will report Q1, 2026 results After-Market on Feb 09, 2026 Announcement • Jan 29
DLH Holdings Corp., Annual General Meeting, Mar 12, 2026 DLH Holdings Corp., Annual General Meeting, Mar 12, 2026. Location: at the offices of becker & poliakoff, 45 broadwday, 17th floor, new york United States Announcement • Nov 21
DLH Holdings Corp. to Report Q4, 2025 Results on Dec 10, 2025 DLH Holdings Corp. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Dec 10, 2025 Announcement • Jul 28
DLH Holdings Corp. to Report Q3, 2025 Results on Aug 06, 2025 DLH Holdings Corp. announced that they will report Q3, 2025 results After-Market on Aug 06, 2025 Announcement • Apr 28
DLH Holdings Corp. to Report Q2, 2025 Results on May 07, 2025 DLH Holdings Corp. announced that they will report Q2, 2025 results After-Market on May 07, 2025 Announcement • Jan 29
DLH Holdings Corp., Annual General Meeting, Mar 13, 2025 DLH Holdings Corp., Annual General Meeting, Mar 13, 2025. Location: in the offices of becker & poliakoff, 45 broadway, 17th floor, ny 10006, new york United States Announcement • Jan 23
DLH Holdings Corp. to Report Q1, 2025 Results on Feb 05, 2025 DLH Holdings Corp. announced that they will report Q1, 2025 results After-Market on Feb 05, 2025 Announcement • Nov 20
DLH Holdings Corp. to Report Fiscal Year 2024 Results on Dec 04, 2024 DLH Holdings Corp. announced that they will report fiscal year 2024 results After-Market on Dec 04, 2024 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €8.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €8.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 7.3% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Aug 01
Third quarter 2024 earnings released: EPS: US$0.08 (vs US$0.13 in 3Q 2023) Third quarter 2024 results: EPS: US$0.08 (down from US$0.13 in 3Q 2023). Revenue: US$100.7m (down 1.5% from 3Q 2023). Net income: US$1.14m (down 35% from 3Q 2023). Profit margin: 1.1% (down from 1.7% in 3Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 22
DLH Holdings Corp. to Report Q3, 2024 Results on Jul 31, 2024 DLH Holdings Corp. announced that they will report Q3, 2024 results After-Market on Jul 31, 2024 Reported Earnings • May 02
Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.059 in 2Q 2023) Second quarter 2024 results: EPS: US$0.13 (up from US$0.059 in 2Q 2023). Revenue: US$101.0m (up 1.6% from 2Q 2023). Net income: US$1.81m (up 125% from 2Q 2023). Profit margin: 1.8% (up from 0.8% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 23
DLH Holdings Corp. to Report Q2, 2024 Results on May 01, 2024 DLH Holdings Corp. announced that they will report Q2, 2024 results After-Market on May 01, 2024 Recent Insider Transactions • Feb 16
Insider recently sold €62k worth of stock On the 15th of February, Jeanine Christian sold around 4k shares on-market at roughly €15.78 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 01
First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.12 in 1Q 2023) First quarter 2024 results: EPS: US$0.15 (up from US$0.12 in 1Q 2023). Revenue: US$97.9m (up 35% from 1Q 2023). Net income: US$2.15m (up 39% from 1Q 2023). Profit margin: 2.2% (in line with 1Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jan 30
DLH Holdings Corp., Annual General Meeting, Mar 14, 2024 DLH Holdings Corp., Annual General Meeting, Mar 14, 2024, at 10:00 Eastern Standard Time. Location: Becker & Poliakoff, LLP, 45 Broadway, 17th Floor New York United States Agenda: To elect the eight Directors nominated by the Board of Directors to serve until the 2025 Annual Meeting; to consider An advisory vote regarding the approval of compensation paid to named executive officers; to consider Ratification of the appointment of WithumSmith + Brown PC, as the Company's independent registered public accounting firm for the 2024 fiscal year; and to consider the transaction of such other businesses as may properly be brought before the meeting or any adjournment thereof. Announcement • Jan 23
DLH Holdings Corp. to Report Q1, 2024 Results on Jan 31, 2024 DLH Holdings Corp. announced that they will report Q1, 2024 results After-Market on Jan 31, 2024 Buying Opportunity • Dec 07
Now 21% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €16.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 4.7%. New Risk • Dec 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Announcement • Dec 07
DLH Holdings Corp. Reports Impairment Loss of Long-Lived Assets for the Fourth Quarter Ended September 30, 2023 DLH Holdings Corp. reported Impairment loss of long-lived assets for the fourth quarter ended September 30, 2023. For the quarter, the company reported an Impairment loss of long-lived asset of $7,673,000. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €13.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Professional Services industry in Europe. Total returns to shareholders of 62% over the past three years. Reported Earnings • Aug 03
Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.38 in 3Q 2022) Third quarter 2023 results: EPS: US$0.13 (down from US$0.38 in 3Q 2022). Revenue: US$102.2m (up 54% from 3Q 2022). Net income: US$1.74m (down 64% from 3Q 2022). Profit margin: 1.7% (down from 7.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Judy Bjornaas was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
DLH Holdings Corp. to Report Q3, 2023 Results on Aug 02, 2023 DLH Holdings Corp. announced that they will report Q3, 2023 results After-Market on Aug 02, 2023 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €10.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Professional Services industry in Europe. Total returns to shareholders of 46% over the past three years. Reported Earnings • May 05
Second quarter 2023 earnings released: EPS: US$0.059 (vs US$0.56 in 2Q 2022) Second quarter 2023 results: EPS: US$0.059 (down from US$0.56 in 2Q 2022). Revenue: US$99.4m (down 8.5% from 2Q 2022). Net income: US$805.0k (down 89% from 2Q 2022). Profit margin: 0.8% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.61 in 1Q 2022) First quarter 2023 results: EPS: US$0.12 (down from US$0.61 in 1Q 2022). Revenue: US$72.7m (down 52% from 1Q 2022). Net income: US$1.55m (down 80% from 1Q 2022). Profit margin: 2.1% (down from 5.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 43% per year. Announcement • Jan 27
DLH Holdings Corp. to Report Q1, 2023 Results on Feb 08, 2023 DLH Holdings Corp. announced that they will report Q1, 2023 results After-Market on Feb 08, 2023 Announcement • Dec 10
DLH Holdings Corp. (NasdaqCM:DLHC) acquired Grove Resource Solutions, Inc. for $185 million. DLH Holdings Corp. (NasdaqCM:DLHC) acquired Grove Resource Solutions, Inc. for $185 million on December 8, 2022. The purchase price includes $178.0 million of cash and $7.0 million of equity. Current GRSi key operations leaders are expected to remain with DLH in leadership roles. DLH financed the acquisition through an amendment to its existing secured credit facility. First National Bank of Pennsylvania acted as agent, and F.N.B. Capital Markets, M&T Bank, and Atlantic Union Bank acted as joint lead arrangers. The credit facility was comprised of a syndicated term loan of $190 million and a revolving credit facility of $70 million. KippsDeSanto & Company acted as financial advisor to DLH Holdings Corp. Holland & Knight LLP and Becker & Poliakoff LLP acted as legal advisor to DLH Holdings Corp. Robert W. Baird & Co. Incorporated acted as financial advisor to Grove Resource Solutions, Inc. Baker Tilly, Lockton Companies, and Wolf Den Associates provided consulting services to DLH in connection with the acquisition.
DLH Holdings Corp. (NasdaqCM:DLHC) completed the acquisition of Grove Resource Solutions, Inc. on December 8, 2022. Reported Earnings • Dec 06
Full year 2022 earnings released: EPS: US$1.82 (vs US$0.81 in FY 2021) Full year 2022 results: EPS: US$1.82 (up from US$0.81 in FY 2021). Revenue: US$395.2m (up 61% from FY 2021). Net income: US$23.3m (up 130% from FY 2021). Profit margin: 5.9% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 51% per year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Steve Zelkowicz was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 16
DLH Holdings Corp. to Report Q4, 2022 Results on Dec 05, 2022 DLH Holdings Corp. announced that they will report Q4, 2022 results Pre-Market on Dec 05, 2022 Announcement • Nov 15
DLH Holdings Corp. Announces Resignation of James P. Allen, as Member of the Board of Directors On November 10, 2022, James P. Allen, a member of the Board of Directors of DLH Holdings Corp. notified the Board of Directors of his decision to not stand for reelection at the Company’s 2023 annual meeting of stockholders. In informing the Board of his decision, Mr. Allen stated that his decision was made for personal reasons as he plans to reduce his professional activities and move one step closer to retirement. He intends to continue to serve on the Board of Directors and on the audit committee until the expiration of his current term at the 2023 annual meeting. Mr. Allen has served on the Company’s Board of Directors since July 2017. The Company did not announce any plans to replace Mr. Allen’s on the Board of Directors at this juncture. Reported Earnings • Aug 03
Third quarter 2022 earnings released: EPS: US$0.38 (vs US$0.23 in 3Q 2021) Third quarter 2022 results: EPS: US$0.38 (up from US$0.23 in 3Q 2021). Revenue: US$66.4m (up 7.9% from 3Q 2021). Net income: US$4.86m (up 69% from 3Q 2021). Profit margin: 7.3% (up from 4.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 20% compared to a 8.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
DLH Holdings Corp. to Report Q3, 2022 Results on Aug 02, 2022 DLH Holdings Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2022 Reported Earnings • May 06
Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.20 in 2Q 2021) Second quarter 2022 results: EPS: US$0.56 (up from US$0.20 in 2Q 2021). Revenue: US$108.7m (up 77% from 2Q 2021). Net income: US$7.18m (up 180% from 2Q 2021). Profit margin: 6.6% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 40% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Steve Zelkowicz was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
DLH Holdings Corp. to Report Q2, 2022 Results on May 04, 2022 DLH Holdings Corp. announced that they will report Q2, 2022 results After-Market on May 04, 2022 Announcement • Apr 16
Dlh Holdings Corp. Announces Transition of Kevin Wilson to A Strategic Advisor Role, Effective as of May 16, 2022 On April 14, 2022, DLH Holdings Corp. reached an agreement with Mr. Kevin Wilson, a named executive officer, pursuant to which he will transition to a strategic advisor role with the Company in a non-executive capacity, which will be effective as of May 16, 2022. As of such date, Mr. Wilson will continue his employment with the Company reporting directly to its Chief Executive Officer supporting strategic areas, including corporate development, capability expansion, integration and other key business functions. In accordance with this agreement, Mr. Wilson will remain eligible to receive a pro-rated portion of his incentive bonus for fiscal 2022. Announcement • Apr 05
DLH Holdings Corp. Achieves Leading Information Security Management Accreditation DLH Holdings Corp. has achieved ISO (International Organization of Standardization) 27001 certification. Illustrating company’s commitment to premier data management and analysis, the accreditation indicates that DLH operates an information security management system that conforms to the rigorous requirements of ISO/IEC 27001:2013, the only internationally recognized certifiable information security standard. The scope includes the Information Security Management System supporting DLH’s underlying operations and Infinibyte Cloud, the company’s PaaS cloud computing offering. The certificate was awarded following an extensive audit process that examined the company’s information security risk, controls, and management processes. Recent Insider Transactions • Mar 10
Independent Chairman of the Board recently sold €117k worth of stock On the 2nd of March, Frederick Wasserman sold around 7k shares on-market at roughly €15.78 per share. In the last 3 months, they made an even bigger sale worth €274k. Frederick has been a seller over the last 12 months, reducing personal holdings by €391k. Recent Insider Transactions • Feb 14
Independent Chairman of the Board recently sold €274k worth of stock On the 10th of February, Frederick Wasserman sold around 18k shares on-market at roughly €15.61 per share. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months. Reported Earnings • Feb 01
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: US$0.61 (up from US$0.14 in 1Q 2021). Revenue: US$152.8m (up 164% from 1Q 2021). Net income: US$7.80m (up 330% from 1Q 2021). Profit margin: 5.1% (up from 3.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
DLH Holdings Corp., Annual General Meeting, Mar 10, 2022 DLH Holdings Corp., Annual General Meeting, Mar 10, 2022, at 10:00 US Eastern Standard Time. Location: offices of Becker & Poliakoff, LLP, 45 Broadway, 17th Floor New York New York United States Agenda: To elect eight directors nominated by the Board and named in this Proxy Statement to serve until DLH's 2023 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified; to consider the compensation of our named executive officers; to ratify the appointment of WithumSmith+Brown, PC as independent registered public accounting firm for the fiscal year ending September 30, 2022; and to transact such other business that may properly be brought before the Annual Meeting or any adjournment or postponement of the Annual Meeting. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €15.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Professional Services industry in Europe. Total returns to shareholders of 240% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to €19.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Professional Services industry in Europe. Total returns to shareholders of 315% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to €13.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Professional Services industry in Europe. Total returns to shareholders of 235% over the past three years. Reported Earnings • Dec 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.81 (up from US$0.58 in FY 2020). Revenue: US$246.1m (up 18% from FY 2020). Net income: US$10.1m (up 43% from FY 2020). Profit margin: 4.1% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 46%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €11.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Professional Services industry in Europe. Total returns to shareholders of 151% over the past three years. Reported Earnings • Aug 06
Third quarter 2021 earnings released: EPS US$0.23 (vs US$0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$61.6m (up 20% from 3Q 2020). Net income: US$2.88m (up 36% from 3Q 2020). Profit margin: 4.7% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 06
Second quarter 2021 earnings released: EPS US$0.20 (vs US$0.17 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$61.5m (up 12% from 2Q 2020). Net income: US$2.57m (up 24% from 2Q 2020). Profit margin: 4.2% (up from 3.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
First quarter 2021 earnings released: EPS US$0.14 (vs US$0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$57.9m (up 11% from 1Q 2020). Net income: US$1.81m (up 17% from 1Q 2020). Profit margin: 3.1% (up from 3.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 11%, compared to a 4.0% growth forecast for the Professional Services industry in Germany. Announcement • Jan 29
DLH Holdings Corp., Annual General Meeting, Mar 18, 2021 DLH Holdings Corp., Annual General Meeting, Mar 18, 2021, at 10:00 US Eastern Standard Time. Agenda: To elect eight directors nominated by the Board and named in this Proxy Statement to serve until DLH’s 2022 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified; to hold a non-binding advisory vote on the compensation of named executive officers; to approve an amendment to DLH’s 2016 Omnibus Equity Incentive Plan, as previously amended, to increase the number of shares available for issuance under the plan; to ratify the appointment of WithumSmith+Brown, PC as independent registered public accounting firm for the fiscal year ending September 30, 2021; and to transact such other business that may properly be brought before the Annual Meeting or any adjournment or postponement of the annual meeting. Announcement • Jan 21
DLH Holdings Corp. to Report Q1, 2021 Results on Feb 02, 2021 DLH Holdings Corp. announced that they will report Q1, 2021 results After-Market on Feb 02, 2021 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to US$9.10, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.5x. This compares to an average P/E of 31x in the Professional Services industry in Europe. Total returns to shareholders over the past three years are 80%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 17% share price gain to US$9.50, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 31x in the Professional Services industry in Europe. Total returns to shareholders over the past three years are 90%. Is New 90 Day High Low • Jan 14
New 90-day high: €9.30 The company is up 15% from its price of €8.10 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.53 per share. Announcement • Jan 12
DLH Holdings Corp. Wins Renewal of Clinical Support to NIH-Funded Aids Clinical Trials Group DLH Holdings Corp. announced that it has been awarded a contract to continue operating the AIDS Clinical Trials Group’s (ACTG) Network Coordinating Center (NCC). ACTG, which is funded by the National Institutes of Health, is the world’s large and longest running HIV clinical trials network, conducting research to improve the treatment of HIV, its co-infections, and its comorbidities. The NCC collaborates with ACTG leadership to provide technical, scientific, and administrative support. DLH’s award under this contract has an estimated total value of up to $42 million (one base year and six option years). This contract is a sub award to DLH from the ACTG Leadership and Operations Center at the University of California, Los Angeles, which has been funded for the next seven years by NIH’s National Institute of Allergy and Infectious Diseases (NIAID) and collaborating NIH institutes. ACTG was the first clinical trials network to focus on HIV and currently has sites in 15 countries. ACTG often carries out other epidemiological studies and, in 2020, implemented the ACTIV-2 study, a trial to identify effective treatments for early COVID-19. Recent Insider Transactions • Dec 17
President recently bought €79k worth of stock On the 14th of December, Zachary Parker bought around 9k shares on-market at roughly €8.55 per share. This was the largest purchase by an insider in the last 3 months. This was Zachary's only on-market trade for the last 12 months. Analyst Estimate Surprise Post Earnings • Dec 07
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 21%, compared to a 2.3% growth forecast for the Professional Services industry in Germany. Is New 90 Day High Low • Dec 07
New 90-day high: €8.95 The company is up 33% from its price of €6.75 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.14 per share. Reported Earnings • Dec 07
Full year 2020 earnings released: EPS US$0.58 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$209.2m (up 30% from FY 2019). Net income: US$7.11m (up 34% from FY 2019). Profit margin: 3.4% (up from 3.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 24
DLH Holdings Corp. to Report Q4, 2020 Results on Dec 07, 2020 DLH Holdings Corp. announced that they will report Q4, 2020 results on Dec 07, 2020 Announcement • Nov 06
DLH Holdings Corp. Names Sandra Halverson as Chief Scientist DLH Holdings Corp. announced Sandra Halverson, MPH, PhD has been appointed Chief Scientist effective November 1, 2020. In this role, Dr. Halverson will work collaboratively with the DLH Executive Leadership Team to help set company research and scientific priorities. In addition to research coordination and personnel management duties, Sandra will serve as a public representative of the company, helping tell the story of DLH’s increasingly prominent role in the public health and life sciences market space. Dr. Halverson currently serves as Director of DLH’s Survey Operations Center and as Project Director for the DLH-supported NIEHS Sister Study, a landmark research effort dedicated to finding the causes of breast cancer. Dr. Halverson joined DLH in 2012 from her tenure-tracked position as Assistant Professor of Medicine at Vanderbilt University; she served as the Associate Director of Graduate Studies for the school’s Institute for Medicine and Public Health doctoral program in epidemiology. Sandra holds a PhD in Epidemiology from the University of North Carolina, Chapel Hill, as well as a Master of Public Health in Epidemiology and Biostatistics from The George Washington University School of Public Health and Health Services. Announcement • Oct 03
DLH Holdings Corp. (NasdaqCM:DLHC) acquired Irving Burton Associates, Inc. for $ 32 million. DLH Holdings Corp. (NasdaqCM:DLHC) acquired Irving Burton Associates, Inc. for $ 32 million on October 01, 2020. DLH financed the acquisition through an amendment to its existing secured credit facility. Borrowing availability was provided by debt prepayments facilitated by DLH Holdings Corp. ongoing cash generation. First National Bank of Pennsylvania acted as agent, and F.N.B. Capital Markets and M&T Bank acted as joint lead arrangers. The credit facility was comprised of a syndicated term loan of $70 million and revolving credit facility of $25 million.IBA will be a wholly owned subsidiary of DLH and a part of DLH's mission services and solutions operating unit led by Helene Fisher. IBA’s current president, Mary Dowdall, will remain with DLH in leadership of the IBA organization. Baird served as financial advisor to DLH. Holland & Knight, LLP and Becker & Poliakoff LLP served as legal advisors to DLH as part of this transaction. Baker Tilly and the Lockton Companies provided consulting services to DLH in connection with the acquisition. KippsDeSanto & Co. served as financial advisor to IBA.
DLH Holdings Corp. (NasdaqCM:DLHC) completed the acquisition of Irving Burton Associates, Inc. on October 01, 2020. Announcement • Jul 23
DLH Holdings Corp. to Report Q3, 2020 Results on Aug 05, 2020 DLH Holdings Corp. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Aug 05, 2020 
