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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) 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.
Maximus (NYSE:MMS) has officially received approval from the U.S. Department of Education to transfer the servicing of 5.6 million student loan accounts from Navient. The transition, set for year-end, will see these accounts moved to Maximus's servicing arm, Aidvantage. Approximately 800 former Navient employees will join Maximus to facilitate this process. The deal emphasizes Maximus's commitment to enhancing borrower experience and fulfilling Federal Student Aid's mission.
Maximus (NYSE: MMS) has announced a quarterly cash dividend of $0.28 per share, scheduled for payment on November 30, 2021. Shareholders of record by November 15, 2021 will receive this dividend. Established in 1975, Maximus provides essential government services globally, with around 34,000 employees. Their mission focuses on enhancing government engagement with citizens across various health and human services programs.
Navient (Nasdaq:NAVI) and Maximus (NYSE:MMS) have signed a definitive agreement to transfer U.S. Department of Education-owned student loan servicing from Navient to Maximus, pending approval from the Department. This transition aims to maintain service quality for borrowers. Once finalized, Navient will exit the loan servicing program as planned, with many employees transferring to Maximus to ensure continuity. The contract novation aims for completion starting October 1, 2021, enhancing Maximus's capabilities in federal student loan servicing.
Peter B. Pond has announced his retirement from the Maximus Board of Directors, where he has served since 1997 and as Chair since 2001. The Board has appointed John J. Haley as the new Chair and Anne K. Altman as Vice Chair. Pond's leadership was pivotal in Maximus's expansion into nine countries and growth to over 34,000 employees. His legacy includes a focus on diversity, equity, and governance. The current board comprises eight directors, with significant representation of women and people of color. Maximus continues to enhance government services.
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