DLH Holdings (NASDAQ: DLHC) reported Q3 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $36.1 million versus the consensus estimate of $31.95 million.

Highlights

• Fiscal third quarter revenue of $36.1 million, up 23.5% over the third quarter of fiscal 2017
• Income from operations of $2.6 million for the quarter versus $1.8 million in 2017
• Diluted earnings per share of $0.13 for the quarter versus $0.08 per share in the prior-year period
• Generated operating cash flow of $4.0 million for the quarter
• Reduced senior debt to $14.0 million at quarter end; cash balance at $6.6 million

"We are pleased to report very strong growth in the fiscal third quarter, along with solid financial results," stated DLH President and Chief Executive Officer Zach Parker. "Revenue rose nearly 24% year-over-year, driven by a final surge in the FY18 review schedule on a key program as well as significant expansion in other core focus areas. Gross profit increased to $8.3 million, up almost 31% over the prior-year period, and we generated $4.0 million of cash from operations, while continuing to utilize legacy net operating loss carryforwards to offset the majority of the Company's tax payments.

"While there have been some delays in new award activity and changes in certain recompete parameters, we are actively bidding on a sizable array of opportunities across the agencies we serve. At the same time, we continue to drive internal performance enhancements and invest in long-term strategic initiatives to bolster our capabilities in telehealth systems and data analytics."

For earnings history and earnings-related data on DLH Holdings (DLHC) click here.