DLH Provides Pro Forma Financial Information on Danya Acquisition

7/6/16

ATLANTA, July 06, 2016 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ:DLHC), a leading healthcare and human services provider to the Federal Government, today announced that it has filed pro forma financial information on its May 2016 acquisition of Danya International, Inc.

For the year ended September 30, 2015:

  • $112.4 million pro forma combined revenue
  • $9.5 million pro forma combined Adjusted EBITDA

For the six months ended March 31, 2016:

  • $61.8 million pro forma combined revenue
  • $5.7 million pro forma combined Adjusted EBITDA


Operating results for the six months ended March 31, 2016 are not intended to represent or be indicative of operating results for a full year. Certain of Danya’s contracts within our operations have had significant seasonality in their historical performance which is more heavily weighted in the first six months of our fiscal year and we expect such seasonality to continue in the future.

On May 6, 2016, DLH filed a Form 8K reporting the May 3, 2016 acquisition of Danya and on June 30, 2016, amended the 8K to provide the historical financial statements of Danya and the pro forma combined financial information. Details of the Form 8K and Form 8-K/A can be found in the investor relations section of the Company’s website at www.dlhcorp.com/investor-relations.aspx.

DLH is presenting in this press release the non-GAAP reconciliation of Adjusted EBITDA to pro forma net income reported in the Form 8K/A. We use Earnings Before Interest Tax Depreciation and Amortization (“EBITDA”) adjusted for other items (“Adjusted EBITDA”) as a supplemental non-GAAP measure of our performance. We define Adjusted EBITDA as net income/(loss) adjusted to exclude (i) interest and other expenses, including acquisition expenses, net, (ii) provision for or benefit from income taxes, if any, (iii) depreciation and amortization, and (iv) G&A expenses - equity grants.

About DLH

DLH (NASDAQ:DLHC) serves clients throughout the United States as a healthcare and human services provider to the Federal Government. Core competencies include assessment & compliance monitoring, business process outsourcing, health IT systems integration and management, readiness and medical logistics, and pharmacy solutions. DLH has over 1,400 employees working throughout the country. For more information, visit the corporate website at www.dlhcorp.com.

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