DLHC - Earnings call transcript Q1 2021

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day and welcome to the Fiscal 2021 First Quarter Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Chris Witty, Investor Relations Advisor. ahead. go Please

Chris Witty

good and Thank morning, you everyone.

annual company’s and financial in measures. to and I’d President other will call, non-GAAP results we to now release Securities filings both Kathryn are fiscal reported the like to XXXX will may that, call beyond. of Form call include statements GAAP Parker, which earnings the company’s This outlook also Zach are the Please presentation. the duty to investor Officer. On page. any today’s for could update with company’s our cause We statements undertake risks the PowerPoint DLH’s which ahead, I and and the report of forward-looking Slide today events the to the Zach. like is actual be non-GAAP we’ll X various results shown these A our over website on from JohnBull, risk brief refer referencing results not statements. and is website. and Chief and The GAAP Safe presentation go statements. materially that our after forward-looking and JohnBull, release that provide These in me included would to President earnings any forward-looking next followed on contained to Executive Investors is Commission. on our factors Exchange XX-K and for reconciliation the relate Financial subject differ Please do our up and With to questions. presentation Parker under Zach Zach. On CFO, Chief uncertainties in with available to Officer; CEO, in a now Kathryn and speak statement, by Harbor open call it turn on

Zach Parker

quarter our Thank everyone. welcome conference and first you, good morning to And call. Chris,

executing worldwide to our braving daily as for at our our for that sites our the employees existing done attended and our force our by indebted leadership begin work working a with imposed provided employees close excellent the and work of challenges by courageous we And and our well employees the began me XXXX fiscal control solid folks as of pandemic. our were COVID-XX DLH service and those basis customers. our Let then Many provisions our results. customer customers the those of safety by in by the largely in mission on facilities. We team the truly with are of the recognition workplace task of

last indicated financial As overview the about balance fiscal I around first on time and a level provide some our with XXXX. remain very for X, I'll year performance of color high optimistic the outlook Starting ahead. the Slide of

say started off X.X%. the to of IBA pleased indicated top As and year revenue I I company's almost The a moment. from of and million review from strong in with $XX.X $X million in contribution will Kathryn as benefited am margins operating line

we as revenue end restrictions increased a $X.XX such per travel should bet headwinds we're of programs Due challenges very to our $XXX lessen of net and visibility. quarters environment. less in million the proposal income of that the ended quarter day come. importantly of I’ll We also company our throughout Overall, past, active $X.X us one saw performed some was we're quarter, path quick satisfied seeing million A Most the acquisition sustained on a think and more subsequent performance noted associated posted transition in activity and IBA on profitability requirements the pandemic-related as we're with we this QX or at the backlog the with they've I started overall majority a the in note And in share have strong But been a the to fiscal quite describe array as and and to moment solid even of that providing year. well wide then towards quarter, continued. year. While that opportunities pleased of believe the of buildings. the we ongoing it’s integration the the brief really certain open fiscal well. course growing

following to to Slide like DLH’s recent outlook Washington. X, on I'd business changes the Now update investors our in political turning

not outcome provide. to our we the of impact was materially we overall markets the of the As end or said stability services the expected quarter for last election demand

on set with that customer continue strongly of to House. White strong maintain well the as very sides the supported is both We alliances as [isle],

agencies our the in this Department technologies acquisitions, of grow is can Defense within now at and result value look juncture, administration's spending we to ongoing include may due to as broader propositions, is ever us opportunities focus for improving and services to agencies. unique range opportunities continue with These even technology priorities we differentiate new develop tools What even us integrate we associated and company Health to an Health Services leveraging our Human different healthcare However, as deeper Administration grow the than several anticipate long-term and on the of our organically. provide before, and to greater solutions. Veterans the Agency, the that Defense

their government that that together calendar service operate the support expertise we've this up. think at to the the way as to continuing drive able had including past. actually of we that or resolutions. in part opportunities The using and on and fact been to and opposed budget and the continue the a COVID-XX. environment. increase to artificial the due the our end was to pandemic a number to key of with secure of core year continue signed in a we to to the the fight CR do large in We clearly bringing offerings to cloud been transcends anything continue on a intelligence move associated continue Furthermore, federal depth address We've serve of activity credentials against key to focus We digital modernizations technology agencies bidding that pace transformation, picked enhancements and

access the XX believe positions which opportunities. us more solidly XX that course new also over Now the to the will contracts of to majority to be have the we months business next including of pursue

track against offer DoD virus. opportunity importantly us the arena. continues to In largely health also to of pandemic addition top us arena find sciences veteran opportunities in should we line pursue continue to life the and But for COVID-XX this well. supporting fight nation's growing our as opportunities public within and the help most our record These and

this XXXX. remain And contracts outlook fiscal we with clinical of are in All-in-all, upbeat therapeutics, I'd recent Some for pursuing JohnBull. both like to turn here additional therapeutic. call awards anticipate the the arena during about investigational and our positively the vaccine uncertain of applications the Kathryn? dealing rollout, Financial our of and and to already Officer, course DLH over the comings safety performance trials of these impacting for Kathryn challenging the efficacy With that, I Chief times. telehealth and

Kathryn JohnBull

Zach results. and good morning everyone. pleased you, continued year Thank We're positive the to start with

anticipate million due tied travel organic We environment. variance to in versus were distribution mentioned and the acquisition different on reduction through sales revenue Revenue of billed pass was prior December X, year-to-year organically revenue incurred first fiscal somewhat months The delivery the programs, XXXX not part expansion current by therefore $X in a new to reflects ended a the due on the revenue impact task wins current within order to to the whole million million programs. principally among labor $XX.X to business roughly three Turning timing. revenue offset and IBA for of the expected restrictions grow in general year’s of during a we in $XX.X COVID expenses with as XX, quarter. XXXX stable government. as not Slide posted Zach from These albeit to

XXXX provision respectively. or for a XXXX outstanding operations expense was $X.X $X.X fiscal Slide $X.XX quarter leverage. share net quarter improved million due reported to versus the million first versus Turning Operating $X.X the to and year of fiscal year. million current year. per income recorded million DLH resulting first $X.X $X.X in fiscal during the XX, diluted months of million ended of to operating higher quarter in the debt $X.X tax $X.X X% three $X.X million from IBA. We reflecting from or and X. expense X.X% per versus to quarter million Interest $X.XX XXXX improved share increased for last margins from first last levels approximately XXXX million XXXX, of the fiscal December acquisition Income

X, was fiscal of quarter in versus year period. for million Turning Slide prior to $X the $X.X first million EBITDA the XXXX

provided is Slide last X.X% to presentation. of snapshot As to a reconciliation at end an the X X.X% EBITA position percent income quarter. updated the and versus of our sales this back first of at GAAP rose gives EBITDA debt A earning the statement net of year. quarter in of our this

two As position key $X.X This the million from of versus drivers, This contract cash causing significant XX during of delay largely outstanding which $X.X use transition $XX.X resumption the stems signed due continuing year, the fiscal a credit not to strong last year. returning offices a resolved million had of quarter drivers are flow big growth in cash second million first deleveraging impact a the a reflecting These efforts. December facility debt anticipate $XX we two receivables. until our of in second on under budget, start the million quarter the December our to federal of in XXXX fiscal at was operating have and was versus of And the been key our since of collections. resolution XX. in leading payment we

the slide, I for lower $XX As statements. a turn $XX With now million questions. of debt to concludes ratio open our between to to we the in end the call leverage tandem. and and of continue financial operator of that, the noted This substantially million fiscal like over levels see to my at on discussion would XXXX

Operator

Instructions] Joe Gomes ahead. first [Operator Noble The go comes Please Capital. with question from

Joe Gomes

Kathryn you thanks start color and lack more of of give a Good how pass-through, I wanted compliance also my the line nice little to the talked the about on wondering but programs? on you us with for and And taking quarter travel might top hopefully questions. than some received? if not morning, and programs I’m Zach revenue that times? on to up get we in it much is due the on quarter Would COVID And back compliance not revenue normal programs and those once those make to later? that you compliance doing that those or sooner at gone how programs the was was out

Zach Parker

absolutely Right, no question, and you're right. Joe, great

visits. as impact onsite actually requires majority overwhelming induced north still continue and do our and with these briefly Head new to Homeland of groups get associated The travel. at support compliance discussed such can job to been that are Many with very, less compliance the We're and that part are that we of with for the XX% Security. methodologies people I closed Start - have of upon leverage restrictive programs forward. - to we of our Department are of of to the that with last numbers year. reductions do having the restrictions actually the our to go our compliance facilities. the very in cases specific best access. And and surveillance many portion COVID large of A the regard We closely being done working in dependent is as children related terms tell latter large and you that in customers of programs

have We those. closely in and with working to are and start customers our a alternative working to mission execute postulating travel implement been reduced mode some means to the

probably this indications we’ll to part question over accelerate have of we So, by and some travel to said fiscal having those that try not quarter, slipped get - to not. to last we're revenue will see last we quarters specific those the through course of related should that two going them year. of Current that, we some we your think think probably the are the of during the component course start less, gains and to second start of get that

are work, September year. XX I reflected expect be all So, that particular by it to that did for indications not this

Joe Gomes

in Okay, us detail that a with the about a the thanks expanded And bit could more seeing you combine of was you health might for color large opportunities if that associated arena. you number give Zach. I you're because with little pandemic especially even then be you it public way pace wondering, type talked the of are? contracts timing type on can amount any activity, what or proposal the there of of would of the additional appreciated? or color that on some - bidding of what’s any give color Is some and of those, detail has

Zach Parker

couple a is there Yes, that. of of forms

recall of up to [dark we really support and began side may in step when technology First the largely our you foremost as NAID].

was it hands said our only by as Disease of active not took the but both for we response. other nation approach deck, really Center of participants all apply supporting the That Our on pandemic and manifested right. are also Control NIH principal to contractors, us customers have and the

And that trials customer can the with and we workforce so, short range appropriately our relatively the to cases is of we've In the working a bandwidth. for make done in using because of - evaluations urgency clinical of the means added been non-traditional sure them many align getting time.

contracts, bid will the on existing go scope starting is would customer through contracts cases white normal existing papers many allow we're to IDIQ and couple have bit some - work to that the awarded And both on of we've activity with in the some been our drafting channels. a of to see some quarters. that some our not in So associated some our standalone of competitive that our of last work to contracts quite to of expanding expand increases of

- So increasing acknowledgment they're at expand of caliber reflects us our doing types it that therapeutics. and that's of quality And as vaccines asking exciting market the we of have our work look the us. and in and to One, footprint that various we share an to arena. continue for been

last that several number is not in have these place - sense we've But jury there urgency course weeks of few the a and still government of - federal months. get the it’s some of had So, is from a submitted the in been out proposals motion. a in to

network being in a The our PHSR, arena. and leaning from the and those it’s of the on an epidemiology are of really operation clinical executed from Jeanine scientific and Quite of public - it SX bit from - in cornerstone which health those. standpoint health trials life we're majority So call research Christian acquisition. public we science

arena. However, in that also expansion some we seeing are in needs veterans

we also response that to tribute centers and are to A working restrict a by be the of was the demand so, able fact to of medical bandwidth support a hard support to the veterans medical trying and to presence that hospitals. [visions] And greater to for COVID-XX. to very part veterans and physical number a the they're in our centers, expand our their

as component And our so flowing and going work of the some is into see of we're some mail increase to order that that well. on VAC mark, direction

think two this So, ones pretty we we a those probably areas the an us - it's broad are over for The course most fiscal. for material are upside of that the of the range. that are think

Joe Gomes

contract from the in key we a me Thank mentioned that it from the queue. you for that. transition payment of obviously back resolution increase the continuing And and I'll more from of Kind just get of offices. in two-part question, - one you part receivable in part the accounts

give what offices, key is month So information all this Are actually two, collections with what being more payment on second back now the quarter. we're able in get question you. to the flow Thank mean? contract little a one, to us a transition can internal are your into pay-down And and that you more keeping debt normalized to order your situation? cash and up forecasts get

Kathryn JohnBull

ahead. grab that Yes, one. Go let me

Zach Parker

just real certainly context. Kathryn to quick. off colors. it the will kick me add wanted Let And the I then give

is happens of fiscal XX you fiscal that key that on fiscal the us and be the substantial new offices with last Kathryn the that CR, office activity a - don't year. in expect budget. - standpoint and of up As what a of week the one associated continue pending transition. the a of on as add were was the of their you only first know on of day starts and And - QX up not that - changes paralysis three paying you And course during government brand closed year date September when finally that fair to indicated approved two IBA government additional paying those the a implementing as of bit we the be QX, which new the a funding caused happens amount with earlier to at associated Then from the you is end the for customers customers know set on with over color year QX of prior December. with portion new always some heard there. the our to And mentioned recall to approved regular Kathryn is you're is to may you a start our impacted reluctance also transition - our basis. that - most Kathryn, a consistent to which so by acquisition dates, with we with of to towards there of - of there And moving

Kathryn JohnBull

Yes. quarter for our terms And It's outdid that because the is in of mentioned. of of in us always consumed quarter sort first just our softest absolutely, volume terms cash of year of historically factors Zach the No, that's right. collections. itself this

there's that. or a for September it's time once XX lose in government the time their a at and they they big that all So, of - there use get year-end counterparts to time work our now through Have typical - government, lot training have lot of -

then that drain we we - expect of flow to in indicated return and a whether - So as second collections definitely however be exacerbating And and pace terms normal cash a in this QX to backlog pace is your from we to really of we're that of are deliver on QX. softer quarter. to know couple - QX general we had and causes then factors in question normal

in strong cash up of setting QX terms we're delivery. for So a

Operator

Herbert question ahead. Canaccord. next comes go The from Ken Please with

Ken Herbert

- expecting $XX Yes about - quarter sort like in that through pace of Kathryn I fiscal through still fourth And on of last well the It to second wanted just roughly year. follow-up to the million this first sounds that that should quarter? you're through think we how comment. deleveraging the

Kathryn JohnBull

a strongest normal Yes. typically It'll know QX pattern quarter - backlog government year our for QX it's in our We'll the the effect have QX, strong obviously time of us is doing - the strong out ends - builds because - we'll The historically their through - inverse our office - and is but quarter the issues. year use their our of they're burned - leave fourth for clearing annual be ours flip trend. we'll because kind and into that where they QX in - have on lot you training. it'll either fiscal kind from likely of of own follow it that heading the and partners historical of that our be clearing it's us side - or a aligns they're - to of or their building lose decks resolving with as end their

anything are the strong QX. expect the the through to indicated there's and or of expect QX kind But to as XX. a But also be and that strong kind goal level expectation we So between XX would at we average tends that end gush year QX. the that the extent pending of you of QX an

Ken Herbert

million quarter about a is compliance think that it point about the headwind think issues. a should from how possible or sort line that on, on a first get And quantify just to to the about Was top of in we standpoint? travelling as finer we maybe $X to quarter

Kathryn JohnBull

sizing our call. it good that's talked of that's, in about the, a in as Yes QX we pretty

pleased in from environment. able as case Defense compliance were from that are, with of of and able Zach progress on there. our mentioned that higher market the been into as quarter the and are due We current we've delivery expected And the events VA significantly the we And out QX make volume virtual QX QX with first offset and the we to in some revenue Zach to those to that C-MAP to converting programs and we the, to of indicated. helpfully were able we QX slide a

actual notwithstanding line So pretty the on delivery labor headwinds from revenue in well programs. the was year-to-year the compliance

Ken Herbert

Okay the I and market But on that look that's just majority and markets. VA all reported you had of rate second, fiscal that at were Defense the like some particular of the you bit Can you're seeing that in not XX% maybe Defense know especially helpful. out or that the or parse if fourth which think quarter you you then should And about And sustainable quarter third we about IBA I your with in in just the that IBA. think this year? it contracts that in that this these point is little organic clearly from as sales and looks of finally a Is VA includes sort then in and growth run for maybe quarter. besides how business. growth

Zach Parker

Yes, Joe.

of I right where think there's defense strategically looking recall in That into a out here, as in were things to legged to business the couple of start market first was portfolio the focus north the get may that all, side a our three areas. balance is of of into stool equation. exactly stronger play you're you XX% ourselves of in IBA the of we

those some We're Fisher landed on our acquisition. the leadership unit and whose her - there. Machines spot yeah in And been that in programs, or excellent Solutions Services we Mary the you're also operating the acquisition doing positioning of IBA Dowdall where me to And seeing the Helene did some key the growth retain growth excuse of of term have have heads job in programs. of MSS an in growth is team us in key So Helene company. and

related there well. and to surge at plus as much forecast Agency time our intensive try for Health difficult is well. Defense in QX the We expect that do labor we customers of sustained but COVID as QX there versus it's work some this some how ups see And are doing work to to

is - seeing portion that Kathryn properly but what to out we’re will round to with here. VA, start us an think market - categorized properly in that seeing in our was focus Kathryn part we're of I intentional what the for categorized that

Kathryn JohnBull

As see this major from revenue grew contribution that XX% those VA our year to Notwithstanding core queue grew overall our pretty major that that contracts in year. you XX% significantly. customers of can last the around disclosure in from programs and the revenue

those the that way part would - - So again of you programs pointing factors very because - back - the very, delivering - Zach delivery that incremental that - it volume - can person seems us substantially of treatment mentioned of see earlier - that grown about that MTFs redirection veteran value in facility. - service. the the and of to treatment the will volume that's same line you it's that - - whether a from it terms that tell to up health reasonable top of the of know being respects or and But - element the the eminently effective workload though know over in obviously cost delivery - - sustains visual has time business - set of and in an has has from you it military just attending military pretty now the know you some whether facilities model to

- bet and excellent it So getting effectively. we're is continue the expecting program the sees and the to our on value-add delivery obviously done customer best that cost

where sense of from. a growth coming of think segment the gives in I you So market that is some kind of that

Ken Herbert

year - you've some finally some more we travel through maybe to nice dilutive those runway ideally are to very compliance margin in of revenues as in-person and at imagine sounds just probably through the do that least as go or or business. or you like It that's your some helpful. or fiscal of catch-up technology maybe - businesses do and opportunities start parts got those Zach are you business restrictions loosening Kathryn No I other

year. to see start margins and it that the do remainder And a be ramp, the would you impact of is what the in perhaps extent - fiscal the could negatively to factor that case that for is As margins? that

Zach Parker

Sure, yes.

effect we're efficiencies of all this through and through it back. we will - It leveraging and some to programs to those nets programs difficult of completely virtualizing for compliance have and no program crystal modernized can the lot that deliver an of the cost It's reductions cost our again the when to services. that grantees - with some it to the normalcy of value deliver that technology substantial a of what real get First the part to a a before is doing ball year rest amount continue from office to with as that we this some And execute are of of out those new and does come tell. develop into how relates lot the as system. savings compliance tools cost to we so

basis stabilize year the the of throughout additional may start pressure our much throughout on of the as at the analytics to erosion describe we are for combination approach the like throughout on to some rest some at some those I fiscal we virtual year, on looking rest also compliance the have offer that this of our think some overall looking margin also this also potential So, the arena. still that of year initiatives with clinical the us white We're of analytics, side. help margin expansion papers trials we

obviously the to final the we're this as of fiscal. recover, last I been the as travel of and As the fiscal Kathryn expecting first what indicated of not well in quarter quarter our has component that lost think non-labor

Operator

Business ahead. Bert with from comes Please [indiscernible] question next go The [indiscernible] Consulting.

Unidentified Analyst

Happy Hi, morning Kathryn. quarter. and for good New great Zach Year and thanks another again

Zach Parker

Thank you.

Kathryn JohnBull

New you. from Happy Great to Year. hear

Unidentified Analyst

was as That's my mentioned tickled that. voices. that I deal. And force I December. That your trading hear your was Nobody could could a in a I I to security. big favorite now recently. learn and schoolgirl on happened pleased see Yes. options to has start form giddy pink

Zach Parker

did. It Yes.

Unidentified Analyst

- interested interested I'm CMOP the about from prevented our expiration, have in I'm that extension learning also And more re-compete? and which us would exclusion

Zach Parker

points business. in support your for Yes. Great and and you thank engagement the again continued No. we

of and work hopefully our strong threats businesses and and it is that answering as - You've as continue. well. that been heritage longer we're it of e-mail [indiscernible] one under course it to various protection course with comes CMOP, during gets quite of while us when regard to the as strong With to VA longer and a for you funding we expect for for

extension. As extensions, you as relates have primary prognosis we may the remember to our for two

preferred they pharmacy been business The government which So medical as bid on others through as in the in when delivering to small partnership. be made came slated their they the the both their when were years have of call a, the One set not all the bids aside, had best the business option small services. for a their you that solicitations a they evaluating out those of what logistics. couple program past all may including the evaluation is of programs decision as went process heavily as exclusively it for now on on. side that they ago was through remember interest a to two and primary we set we channels the those asides continue pharmaceutical The, is it we had and with the

has that one extensions. that cancel getting source resulted sole did they in So us

has And of that VA six an been on those from knowledge mode months month operate approved the such that acquisition as time and acquisition ranging approach. We continue three have been options. in extensions. we solidified as the plan. new today, gets continue of And to we’ll to yet no until that They've re-establishes

another a of go bodes source then We few usually additional process. to partners year. allows that out that optimistic at the solicitation path of fiscal your And sole get industry quite extensions. least feel bid for that end well the months through couple in the that normal will comes if So

a wide that to We when couple really us, if on will and then whole from when years. of range material evaluation certainly is as it to occurs six which quite that starts a range on the of notify the months process a ranges about and the generally part average of again government the contract is cycle evaluation

had process of a as other you the each that then we'll that the So on least government we al medical that for did today well. not the small as by path formal the you no bids that operate like well. to information And businesses But work veteran can't at to are But disabled evaluating process the crystal saw that if set technical a are businesses. that a look source feel cycle. proposal interest and government been and be regard while. one on did has now, activity. upsize those the that give for of as submitted would with level one, the had in many businesses. did on and both of a notification other we taken they with was are we was out the being posted were the which accordingly that sole we one larger They we'll stand the for We as go still best on some work But keep that selectee through the in opportunities one. as we and approach submitted the as reach that receive There to any phasing large And combined a ruled extensions of those down-select requirements those supported continuing that tiered ball and logistics first to of service along government one decision acquisition execution extension bridges option they that has real price that. small

end award the if we year. end decide the that of before That extensions this is of And so we expect the proposal previously. submitted of that be fiscal operating and fiscal fully this government we'll could the we basis start successful debt on way through year the to the and does with that are bridges

you keep as well. on posted one we'll that So

Unidentified Analyst

Thanks much. so

is You that material Is material, was it or XX% mentioned revenue? how it? it XX% of

Zach Parker

Yes, we're of a doing customer. $XXX north million for about that

very two even been a with it’s contract plus. we've so our over year And organic growth acquisitions that expansions had last with the material in significant

Operator

The next Cove Capital. Street Please question comes go from Jeff with Bronchick ahead.

Jeff Bronchick

a just question. So quick

We’ve potential would? either period in or know you've expect away you lost a plans? XXXX. that goes back, motivating thing when that or more opposite. at from you've actually would of you is there ‘XX just COVID COVID because this or And you current execute two-year on through we with X And would look looking assume the the maybe no drop let's the say deal and prepped it's know that would amount say customers revenue as issues helped your benefited off you couldn't getting revenues over you So that

Zach Parker

Right, thank points any bonus get now. you, Jeff you and now, right I’m for weather right those of you enjoying XX degree sure do not extra that

Jeff Bronchick

and I and XX and have [It’s gloves Birdy] have - on. I veteran

Zach Parker

you. to Listen

Kathryn JohnBull

Wow.

Zach Parker

years, continue in therapeutics. very looking in global can a infection environmental disease the - history only diseases. two some to much that's see there question, no, of the well three pandemics and emerging with But tail off other evolve. population the often, much that we right of and a there some the the with is of as see really decades surge great the we will both we’re of the expect trials many only course associated understand our I folks networks evaluations now that a many tell of are sometimes with to - or viewing will the means that is for on implications health it the our effects, and is can dealing getting studies like the working communications place effects nature our experiencing largely infectious cases drop - society, the chronic studies whether are itself. certainly we a comps actually will Jeff. variety the hoping making upon community. its drawn we but years boot we cases around many or of not But not really types to over of wouldn't are be its And of the infectious - and and of a for right. sure and diseases, and large sustaining evaluating its as And and way years subjects with There - you What different it on associated society other

see don't of to like course It your as that standing we So having and that see as see as enter in XXXX the may we we to it to it substantial as we're it something of we up may well, be FY a as something. We - that margin comments. basis change off think specifically but sustainable. would drop - address change like

Operator

in At this time callers are no the queue. there other

would closing I any like So Parker to for to turn the remarks. over conference back Mr.

Zach Parker

transition excited I one amongst you be the continued really We're - platform - heard collaboration with to help several seven to our plus, one years five, the us to again team All ago. strategies right, to say about this drive thank into well all. We plus, we're build a continuing this you that able layout one consistent six equation. and just want think

are work. we helps execute complex truly strategy shift and build on that continuing headwinds our We federal government long-term some at debt truly, as forth. as to We and with committed with and and well budget administrations pipeline kind mission budgets us where the think to dealing potential issues change focus critical as - of associated so

additional going to give you we're tuned, to color. continue stay So

deeper as our our month - give We the shareholders custom meeting are into annual our we’ll dive business a new pipeline. next and having of

rate. to further continuing open well start we as can to how agencies on aperture Our we and win our that see do we the targeted

tuned, we much forward participation blessed for seeing look a to all today. thank day. you very So Have your stay and soon you

Operator

for The attending has conference now concluded. presentation. today's Thank you

disconnect. now may You

DLH (DLHC) 3 Feb 212021 Q1 Earnings call transcript