The labor market ended the first three months of the year on a solid footing, with jobs being added steadily and the unemployment rate edging lower. Job additions easily topped expectations in March despite higher interest rates, a tell-tale sign that the economy remains insulated from looming recessionary threats.Nonfarm payrolls increased by 303,000 in March, way higher than analysts’ projections of payrolls increasing by 200,000, per the Bureau of Labor Statistics. The jump in new jobs was the most since ...

While service activities are currently in good shape, their positive impacts on the Staffing Firms industry are being partially offset by contracting economic activity in the manufacturing sector. Successful remote work and increased use of technology are helping Randstad N.V. (RANJY) , Korn Ferry (KFY) and DLH Holdings Corp. (DLHC) .About the Industry The Zacks Staffing industry is a diverse sector encompassing companies that offer a comprehensive range of human resources and workforce solutions. These ser ...

ATLANTA, March 07, 2024 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ:DLHC) ("DLH" or the "Company"), a leading Health IT provider of digital transformation and cybersecurity, science research and development, and systems engineering and integration, today announced that it has been awarded a contract to continue and expand its user-experience, technology refresh and IT services for the National Institutes of Health's ("NIH") National Cancer Institute ("NCI"). NCI, the largest institute under NIH, is the f ...

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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

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Financial Data and Key Metrics Changes - The company reported first quarter revenue of $97.9 million, an increase from $72.7 million in the prior year period, reflecting the addition of a strategic acquisition [13] - EBITDA for the first quarter was $11.1 million, up from $8.1 million last year, adjusted for corporate development costs [33] - Operating cash generated during the period was $5.1 million, compared to $8 million in fiscal 2023, primarily due to vendor payment timing [33] - Total debt at the end of the quarter was $174.4 million, with a plan to reduce it to between $153 million and $157 million by the end of the fiscal year [14][34] Business Line Data and Key Metrics Changes - Defense agencies accounted for approximately 17% of revenue, with expectations for substantial growth as the Department of Defense invests in health IT and digital transformation [11] - The Department of Health and Human Services (HHS) comprises 45% of the current business portfolio, while the Veterans Administration (VA) represents about 35% of revenue [29][30] Market Data and Key Metrics Changes - The federal government is operating under a continuing resolution, which has slowed decision-making on current contracts and new business opportunities [7] - The company is building a strong pipeline of high-value opportunities across its customer base, particularly in the federal military and civilian markets [8][9] Company Strategy and Development Direction - The company aims to support mission-critical programs that receive bipartisan support, focusing on areas like cybersecurity, data analytics, and IT modernization [31] - The integration of digital transformation capabilities with research expertise is seen as a unique platform to address a broader range of solutions [12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding funding flow for major agencies through the remainder of fiscal 2024, despite current budget uncertainties [27] - The company is focused on attracting and retaining talent to support client missions and has received a Great Place to Work certification [28] Other Important Information - The company continues to reduce debt and strengthen its balance sheet, with a focus on minimizing cash and income tax payments through favorable tax attributes [34] - The company is participating in an Emerging Technology Investor conference on February 7 [85] Q&A Session Summary Question: Revenue expectations for the quarter - Management acknowledged that revenue was lighter than expected due to continuing resolution headwinds but remains optimistic about the rest of the year [37][52] Question: Performance of VA contracts - Management noted that VA contracts have been extended into February, indicating a return to a normal operating cadence [39][40] Question: Bookings and proposal submission trends - Management indicated that while there have been delays, they are actively developing value propositions and expanding their pipeline [46][48] Question: Impact of budget uncertainty on growth - Management confirmed that budget uncertainty has affected large contracts, but they expect to see progress in the acquisition chain [54][62] Question: GRSi transaction and revenue contribution - Management stated that the GRSi acquisition has met expectations in enhancing capabilities, although market delays have impacted growth [72][78]

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 December 31, 2023 ☐ 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 DLH HOLDINGS CORP. (Exact name of registrant as specified in its charter) New Jersey 22-1899798 (State or other jurisdiction of incorporat ...