The following is a summary of the DLH Holdings Corporation (DLHC) Q2 2024 Earnings Call Transcript:
Financial Performance:
DLH Holdings Corporation reported Q2 revenue of $101 million.
Company EBITDA stood at $10.2 million in the second quarter with operating cash generated at $5.2 million in the period, bringing the year-to-date total to over $10 million.
The firm reduced its debt by $3.6 million, finishing the period with $170.8 million of total debt remaining.
Expectations are for debt reduction between $153 million and $157 million by the end of the fiscal year.
Business Progress:
During Q2, DLH increased its backlog by over $80 million to $736 million from the end of Q1.
The company won several awards during the period, including two vital recompetes, strengthening their standing in the National Institute of Health sector.
DLH continues investing and reshaping their portfolio through business development activities and responding to active pipeline opportunities.
The company's future plans focus on growth and expansion in digital transformation and cybersecurity, which are crucial for enhancing R&D.
Despite potential uncertainties, DLH expects continued growth throughout the year and beyond.
More details: DLH Holdings IR
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