DLH Holdings sees FY19 revenue approx. $159M, two est. $156.7M
DLH Holdings announced selected preliminary results for the fiscal year ended September 30, 2019: Unaudited revenue for the fiscal year is expected to be approximately $159M, including approximately $24M from the recently acquired Social & Scientific System. The Company paid down its senior bank debt to $56M as of September 30, 2019, representing an aggregate reduction of $14M since the S3 transaction closed. The next required principal payment is not due until March 2022, although the Company intends to continue using free cash flow to make prepayments when possible. The 12-month trailing leverage ratio for the Company is expected to be below 3.0 times consolidated EBITDA for the period ending September 30, 2019, yielding a lower interest rate spread on debt balances outstanding.