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Maximus, Inc. (MMS) has been a leader in providing business process and technology solutions since 1975, with a mission of 'helping government serve the people.' Employing over 16,000 professionals, Maximus operates across North America, Australia, the United Kingdom, and Saudi Arabia, delivering high-quality services to government agencies.
The company is renowned for its expertise in managing government health and human services programs. It plays a pivotal role in enhancing the efficiency, cost-effectiveness, and quality of government-sponsored benefit programs, including Medicaid, Medicare, Health Insurance BC, and child support programs. A substantial portion of Maximus' revenue is derived from long-term contractual agreements with global governments, with the U.S. Federal Services segment being the largest contributor.
In recent achievements, Maximus has demonstrated its commitment to social responsibility through various community service projects. For instance, during GivingTuesday, Maximus employees volunteered their time and resources to support the Catherine McAuley Center, helping women and children transition from homelessness to independent living. This initiative is part of a broader effort led by the Maximus Foundation, an independent nonprofit organization established by the Maximus Board of Directors in 2000.
The Maximus Foundation focuses on grantmaking and corporate-wide humanitarian efforts, empowering employees to make a difference in their communities. Employee donors pool their charitable contributions through the Foundation, which doubles their impact via Maximus' dollar-for-dollar matching pledge. This commitment to social good is evident in the support provided to initiatives like the Atlanta Mission, which addresses homelessness by offering comprehensive services to individuals and families in need.
With a forward-looking approach, Maximus continues to innovate and expand its impact. The Foundation's 2023 Annual Report highlights a year of significant achievements and looks ahead to new grantmaking strategies for 2025, aiming for a more equitable and inclusive future. Through its dedicated efforts, Maximus not only serves government clients but also plays a crucial role in improving the overall wellbeing of communities worldwide.
Stay updated with the latest developments, projects, and news from Maximus by visiting their official website and following their social media channels.
Maximus (NYSE: MMS) announced a quarterly cash dividend of
Maximus (NYSE: MMS) has announced an Investor Day scheduled for May 24, 2022, from 9:00 AM to Noon ET in Reston, Virginia. The event will be webcast and will highlight the company’s growth strategy, including organic growth and margin expectations. Key executives, including President Bruce Caswell and CFO David Mutryn, will present and participate in a Q&A session. Attendees can register for the live stream at maximus.com/investor-day, with a replay available post-event on their Investor Relations site.
Maximus (NYSE: MMS) announced that the National Energy Technology Laboratory’s (NETL) Energy Data eXchange (EDX) Development and Operations Team has received the prestigious Secretary of Energy’s Achievement Award.
This recognition emphasizes Maximus' capability in supporting government programs through advanced technology solutions. The EDX facilitates the Department of Energy's research efforts by providing secure collaborative workspaces for data management.
Maximus acquired Attain Federal in March 2021, enhancing its support for NETL's information technology initiatives.
Maximus (NYSE: MMS) reported a strong Q1 for fiscal 2022 with revenue of $1.15 billion, up 21.7% year-over-year. This growth was driven by acquisitions and ramping startups, though organic revenue declined 3.5% due to reduced COVID-19 response work. The company raised its full-year revenue guidance to $4.5 billion - $4.7 billion and maintained EPS guidance of $4.00 - $4.30. Operating margin slightly decreased to 7.1%. A quarterly dividend of $0.28 per share will be paid on February 28, 2022. CEO Bruce Caswell noted the importance of adapting to evolving government needs amid the pandemic.
Maximus (NYSE: MMS) is set to release its financial results for the three months ending December 31, 2021, on February 3, 2022, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, which will be open to the public via webcast and by phone. Maximus has been dedicated to helping governments serve citizens since 1975, providing technology solutions and business process management across various countries. More details can be found on maximus.com.
Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, payable on February 28, 2022. Shareholders of record by February 15, 2022 will receive this payout. The company, a leader in government services since 1975, focuses on improving the efficiency of government-sponsored programs. With over 34,000 employees globally, Maximus aims to enhance citizen engagement with government services.
Maximus (NYSE: MMS) reported a 22.9% increase in revenue for fiscal year 2021, totaling $4.25 billion, primarily driven by $1.1 billion from COVID-19 services and acquisitions contributing $322.7 million. Operating margin rose to 9.6%, with diluted EPS increasing to $4.67. The company forecasts FY2022 revenue between $4.40 billion and $4.60 billion, and diluted EPS between $4.00 and $4.30, reflecting anticipated operational momentum following the public health emergency.
Maximus (NYSE: MMS) will release its financial results for the third quarter and fiscal year ending September 30, 2021, on November 18, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, which will be open to the public via webcast and phone. The company, with a workforce of over 34,000, focuses on enhancing government services across multiple countries, including the US, Canada, Australia, and the UK. For further details, interested parties can access information through the investor relations website.
Maximus has secured a $323 million contract with the Securities and Exchange Commission (SEC), expanding its support for the EDGAR system. This 10-year contract involves enhancing IT infrastructure, digital transformation, agile software development, and cybersecurity services. As the incumbent through the acquisition of Attain, Maximus will maintain comprehensive EDGAR application operations and filer support. This contract underscores Maximus's role in helping agencies achieve critical IT modernization goals.
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