DLH Holdings Corp.

Good morning and welcome to the DLH Holdings Fiscal 2022 First Quarter Earnings Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touch-tone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I'll now like to turn the conference over to Chris Witte, Investor Relations Advisor. Please go ahead.

Thank you, and good morning, everyone. On the call with me today is Zach Parker, President and Chief Executive Officer, and Catherine Johnbull, Chief Financial Officer. The company's earnings release and PowerPoint presentation are available on our website under the Investor page. I would now like to provide a brief safe harbor statement, which is also shown on slide two of the presentation. This call may include forward-looking statements that relate to the company's outlook for fiscal 2022 and beyond. These forward-looking statements are subject to various risks and uncertainties that could cause actual results and events to differ materially from these statements. Please refer to the risk factors contained in the company's annual report on Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements. On today's call, we will be referencing both GAAP and non-GAAP financial measures. A reconciliation of our non-GAAP results to our reported GAAP results is included in our earnings release and in the investor presentation on DLH's website. President and CEO Zach Parker will speak next, followed by CFO Catherine Johnbull, after which we'll open it up for questions. With that, I'd like to now turn the call over to Zach. Please go ahead, Zach.

Thank you, Chris, and good morning, everyone. Welcome to our fiscal year 2022 first quarter conference call, and happy new year. As we hope you will agree, fiscal 2022 is off to a great start at DLH. I want to first give credit to our tremendous committed leadership team and workforce for keeping focused on the missions of our customers. None of us would have predicted two years ago that we would be discussing great results despite the challenges of the pandemic. Beginning with slide three, I'll first provide a high level overview of the quarter which represented outstanding results for the company. Buoyed by our recent short-term contracts with FEMA providing pandemic-related assistance in Alaska, revenue rose to 152.8 million in Q1. Even excluding the 91.1 million of FEMA-related work, we saw a revenue growth of 7% year-over-year as our programs remained strong and in strong demand despite an ongoing continuing resolution in Washington. We posted operating income of $11.2 million, which equates to 7.3% of sales, including the impact of our lower margin Alaska contracts. First quarter earnings were $0.55 per share, or $0.22 without the FEMA work, reflecting the value of our technology offerings and highly credentialed staff. A reconciliation of the numbers is in the back of this presentation. We also paid down an additional $3.9 million of our term debt loan this quarter, further delevering the balance sheet and closed out December with a backlog of $633.6 million. Turning to slide four, I'd like to give an update of our markets, applications, and advanced capabilities. We continue to serve the federal arenas that will define the next decade of public and military health investment, and we've built a strong and growing position across a number of enhanced emerging technology offerings. Demand for our services in existing and adjacent markets continues to expand due to an increased emphasis across the board on advanced data analytics and digital transformation. DLH is an established provider of innovative solutions for medical assistance and diagnostics, including telehealth and pharmaceutical systems. And with our scientific and research capabilities, we can help the federal government effectively assess and respond to current and future health challenges across the nation. At the same time, our advanced capabilities in digital transformation include experience in IT infrastructure and modernization, cloud-based solutions, and continuous software development, all with a healthcare focus. And we possess robust capabilities in data analytics and cybersecurity, providing large-scale management services that that leverage technology with highly credentialed subject matter experts. These focus areas, in total, are expected to benefit from the high demand going forward, and DLH believes we have the right people, proper expertise, and customer relationships in place to drive growth in the quarters and years to come. In closing, the company is stepping up to the next level in terms of its offerings and the breadth of innovative solutions that we bring to bear. While the FEMA business will come to a close in quarter two, DLH is well positioned to have a highly successful year with a strong balance sheet, longstanding partnerships with key agencies, and an exciting array of technology applications. Although we are mindful that the federal budgetary uncertainties need to be resolved, in the near future, we're well on our way to another year of solid organic growth and customer expansion and continue looking at possible acquisition opportunities that can further accelerate our top-line growth going forward. With that, I'd now like to turn the call over to our Chief Financial Officer, Catherine Jambal. Catherine?