Welcome to our dedicated page for Maximus news (Ticker: MMS), a resource for investors and traders seeking the latest updates and insights on Maximus stock.
Overview
Maximus (MMS) is a specialized service provider that partners with government agencies to deliver high-quality technology, business process, and consulting solutions. With a mission focused on "helping government serve the people," Maximus has built an enduring reputation through decades of experience, aiding public sector programs in enhancing their operational efficiency and service delivery. Employing industry-specific expertise in digital transformation, process optimization, and technology integration, Maximus stands as a crucial resource for governments seeking to improve key social services.
Core Business and Service Offerings
At its core, Maximus assists government entities in the design and implementation of programs that span health, welfare-to-work, child support, and other public services. The company integrates advanced technology platforms with expert consulting practices to streamline business processes. This dual approach not only ensures compliance with regulatory and operational standards but also actively drives improvements in public service outcomes.
Business Model and Operational Framework
Maximus operates under a service-oriented business model, focusing on the delivery of customized technology solutions and consulting services that cater specifically to the needs of the public sector. The firm works closely with government bodies through long-term engagements, where process re-engineering, software implementation, and program management are tailored to meet unique agency requirements. This model emphasizes collaborative problem solving and ongoing enhancements to program efficiency.
Technological Innovation and Process Optimization
The company has demonstrated sustained expertise in applying technology to solve intricate operational challenges. With a robust portfolio that spans digital system integrations, cloud-based solutions, and data analytics, Maximus brings a modern, technology-forward approach to the public sector. By focusing on scalable and secure technology implementations, the company helps government programs reduce administrative burdens, improve case management, and optimize workflow processes.
Global Reach and Market Position
Maximus's operational footprint extends to multiple continents, servicing government initiatives across North America, Australia, the United Kingdom, and Saudi Arabia. This broad geographic presence not only diversifies its service portfolio but also provides a varied perspective on public sector challenges and opportunities. In a competitive landscape that demands both technological agility and deep regulatory understanding, Maximus distinguishes itself by offering a blend of local expertise and global best practices.
Expertise and Industry-specific Insight
With decades of experience in the field, Maximus has honed its ability to navigate the complex intersection of business process optimization and governmental requirements. Its teams of professionals bring specialized skills in project management, IT systems, and strategic consulting, enabling the company to deliver tailored solutions that address the inherent challenges of public sector administration. This combination of practical expertise and industry-specific insight reinforces Maximus’s position as a trusted partner for governmental agencies worldwide.
Client Impact and Value Proposition
The practical impact of Maximus’s work is seen in the enhanced efficiency and improved service delivery outcomes for various government programs. Through meticulous performance management and process modernization, the company contributes to better life quality for program participants. Its comprehensive approach ensures that every facet of a government program, from policy implementation to technical support, is aligned with the ultimate goal of serving public needs more effectively.
Competitive Landscape and Differentiation
Operating in a competitive market that includes other governmental consulting and technology solution providers, Maximus differentiates itself with a deep-rooted commitment to service quality and process improvement. Unlike generic IT or consulting firms, Maximus’s focused expertise on government programs allows it to address regulatory specifics and operational complexities that are unique to the public sector. This specialization is demonstrated in its ongoing initiatives to integrate technology with traditional process management practices, making it a vital resource in an ever-evolving regulatory landscape.
Summary
In summary, Maximus (MMS) represents a blend of technological innovation and strategic consulting tailored specifically for the government sector. Its comprehensive service model, global operational reach, and commitment to improving public sector program execution make it an indispensable partner for agencies aiming to deliver higher quality, more efficient services to their constituents. With a steadfast mission and an extensive portfolio of solutions, Maximus continues to drive improvements in how government programs serve the public, reflecting both its enduring legacy and its expertise in modernizing essential services.
Maximus (NYSE: MMS) reported strong Q1 FY2025 results with revenue increasing 5.7% to $1.40 billion, driven by 6.3% organic growth primarily from U.S. Federal Services. Diluted EPS was $0.69 and adjusted diluted EPS reached $1.61, compared to $1.04 and $1.34 in the prior year.
The company raised its FY2025 guidance, expecting adjusted EBITDA margin of 11.2% and adjusted diluted EPS between $5.90-$6.20. Revenue guidance was adjusted to $5.2-$5.35 billion following recent divestitures. During Q1, Maximus purchased 3.1 million shares for $237 million, with additional 0.7 million shares bought for $52.9 million after quarter-end.
U.S. Federal Services revenue grew 15.3% to $780.7 million, while U.S. Services revenue decreased 7.7% to $452.3 million. Outside U.S. Segment showed 6.0% growth to $169.8 million.
Maximus (NYSE: MMS), a government services provider, has announced it will release its financial results for Q1 fiscal 2025, covering the period ended December 31, 2024. The company will publish its financial results via press release at 6:30 a.m. ET on Thursday, February 6, 2025.
A conference call will follow at 9:00 a.m. ET on the same day. The call will be accessible to the public through webcast and phone, with domestic callers using 877.407.8289 and international callers using +1.201.689.8341. A recording of the webcast will be made available on investor.maximus.com for those unable to attend the live call.
Maximus (NYSE: MMS) announced that its subsidiary, Veterans Evaluation Services (VES), has been awarded new contracts by the Veterans Benefit Administration (VBA) to continue providing Medical Disability Exam (MDE) services for domestic Regions 1 through 4. The contracts, effective January 1, 2025, span the continental U.S. and include a one-year base with a single option year, addressing current and anticipated production volumes. These contracts follow a surge in demand that led to the early recompete of Regions 1 through 4. VES has continuously held MDE contracts since 2008 and also services Region 6 Pre-Discharge and Region 7 OCONUS contracts. The MDE program is important for the VBA's Compensation and Pension program, which determines veterans' disability benefits. Maximus' CEO Bruce Caswell and VES Managing Director Rob Nydam expressed pride in their team's dedication and commitment to enhancing veteran services. The VBA has seen a significant increase in disability claims since the 2022 PACT Act, further highlighting the importance of these contracts.
Maximus (NYSE: MMS), a leading provider of government services worldwide, has announced that its Board of Directors approved a quarterly cash dividend of $0.30 per share. The dividend will be payable on February 28, 2025, to shareholders of record on February 15, 2025.
Maximus (NYSE:MMS) has announced a $200 million increase to its stock purchase program. The previous authorization of $200 million, announced in June 2024, had $171.4 million available as of September 30, 2024, but recent purchases have exhausted this capacity.
The company will buy shares at market prices, through 10b5-1 plans, or privately negotiated transactions, with the timing and amount of purchases based on market conditions and corporate needs. This program has no expiration date and can be modified or discontinued at any time.
Bruce Caswell, President and CEO, emphasized that this move aligns with their strategy to maximize shareholder value and reflects confidence in their future as a partner to government.
Maximus (NYSE: MMS), a leading government services provider, announced the completion of its divestiture of operations in Australia and South Korea, part of its Outside the U.S. segment. The purchaser, Angus Knight, operates in seven countries, focusing on employment, education, health, and community services. Maximus has been in Australia since 2002 and South Korea since 2020, with over 1,200 employees transitioning to Angus Knight. This move follows prior divestitures in Sweden, Italy, Singapore, and Canada.
According to CEO Bruce Caswell, this transaction aligns with Maximus' strategy to optimize its Outside the U.S. portfolio. The combined annual revenue run-rate for the divested entities was around $120 million, with an estimated $100 million impact on fiscal year 2025 revenue guidance. The transaction is expected to be slightly accretive to fiscal year 2025 adjusted EBITDA margin and adjusted diluted EPS guidance, excluding non-cash foreign exchange losses. The margin outlook for the Outside the U.S. segment is projected to improve to between 3% and 5%.
Maximus (NYSE: MMS) announces that the U.S. Department of Health and Human Services, Centers for Medicare & Medicaid Services (CMS) has withdrawn their early re-procurement of the Contact Center Operations (CCO) contract for 1-800-MEDICARE and Federal Marketplace services. This decision means Maximus will continue its current contract, which has available option periods until 2031, without having to recompete for the same scope of work. The company currently provides support to more than 75 million eligible Americans who rely on Medicare and the Federal Marketplace.
Maximus (NYSE: MMS) announced that the U.S. Department of Health and Human Services, Centers for Medicare and Medicaid Services (CMS) has cancelled their Contact Center Operations (CCO) re-procurement solicitation. This cancellation affects the 1-800-MEDICARE and Federal Marketplace operations, which Maximus currently manages. The company will continue providing these services through existing contract option periods available until 2031. The program supports over 75 million eligible Americans who depend on Medicare and the Federal Marketplace.
Maximus (NYSE: MMS) reported strong financial results for fiscal year 2024, with revenue increasing 8.2% to $5.31 billion. Full year diluted earnings per share reached $4.99, with adjusted EPS at $6.11. The company demonstrated solid organic growth of 8.8%, driven by higher volumes in U.S. segments. Operating margin improved to 9.2%, with adjusted EBITDA margin at 11.6%. Cash flows from operations totaled $515 million, with free cash flow of $401 million. The company announced fiscal 2025 guidance with revenue expected between $5.275-$5.425 billion and adjusted diluted EPS of $5.70-$6.00.
Maximus showcases its commitment to Veterans through its VETS Employee Resource Group (ERG), featuring interviews with key members. The ERG supports Veterans' transition to civilian careers and military families. The company has received multiple recognitions in 2024, including listings on the Military Times Best for Vets: Employers and Military.com Best Military Spouse Employer lists, along with several Military Friendly® awards. The podcast 'ERGs Unplugged' highlights members' experiences, including Keith Egelston (retired Air Force Veteran and ERG President), Erik Laube (Air Force Veteran), and Kristen Eldridge (military family member).
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