2QFY22 Results. Revenue totaled $108.7 million, up from $61.5 million in 2Q21. The short-term FEMA awards accounted for $39.8 million of the increase. Earnings were $7.2 million, or $0.50 per diluted share, compared to $2.6 million, or $0.19 per diluted share last year. Ex FEMA, DLH would have reported net income of $3.1 million, or $0.22 per share. We had projected revenue of $95.2 million and EPS of $0.33.Nice Underlying Growth. Ex FEMA, the underlying business grew 12.1%, in excess of the overall market growth rate. DLH experienced continued growth in its VA-related contracts, as well as HHS programs, with Head Start revenue jumping $2 million sequentially and $1.5 million y-o-y. Demand for DLH's services continues to increase across the board. Read More >>