DLH Co.

DLH Holdings has signed a second amendment to its loan agreement with the lending syndicate, adjusting the definitions of consolidated EBITDA and Total Funded Debt. EBITDA can now include losses from the lease termination in Silver Spring and cash restructuring charges, and may add pro‑forma revenue from material new orders up to $3.0 million. Unused letters of credit from the veterans program are excluded from total liabilities, and covenants have been relaxed (leverage ratio up to 5.0/5.5, minimum fixed charge coverage at 1.05). The credit facility remains secured; the secured first‑lien loan was amortized to $122 million until the amendment takes effect. The company had earlier reported weaker Q2 results with EPS of -$0.17 and revenue of $59.3 million. » More on de.investing.com

DLH Holdings reported Q2 EPS of -$0.17 (expectation -$0.08) and revenue of $59.3 million versus $65 million expected. Revenue fell 33.5% year over year and adjusted EBITDA declined 43.6% to $5.3 million, while the adjusted EBITDA margin was maintained at 9.0%. The company attributes the weakness to contract transitions to smaller award structures and reduced debt by $3.9 million to $132.7 million. The stock fell after the results and approached its 52-week low. » More on de.investing.com

At the March 12 annual meeting, shareholders elected seven DLH Holdings directors through 2027 and approved an amendment to the 2025 equity incentive plan allowing issuance of 550,000 additional shares. Shareholders also confirmed Withum, Smith + Brown, P.C. as independent auditors and approved executive compensation in a non-binding vote. Separately, DLH Holdings reported Q1 2026 results that missed expectations: EPS -$0.09 (estimate $0.07) and revenue $68.9 million versus $90.8 million a year earlier, after which the stock fell. » More on de.investing.com