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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) reported strong financial results for Q1 FY2021, with revenue increasing 15.6% to $945.6 million, up from $818.2 million a year earlier. The growth was driven by COVID-response initiatives, contributing approximately $160 million in revenue. Operating income was $87.6 million, reflecting a 9.3% margin. The company raised its fiscal 2021 guidance, expecting revenue between $3.400 billion and $3.525 billion and diluted EPS between $3.55 and $3.75. A quarterly dividend of $0.28 will be payable on February 26, 2021.
Maximus (NYSE: MMS) will release its financial results for the quarter ending December 31, 2020, on February 4, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. Maximus, founded in 1975, focuses on helping government agencies improve citizen engagement through innovative solutions.
Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, set for payment on February 26, 2021. The record date for shareholders is February 12, 2021. Since its inception in 1975, Maximus has committed to Helping Government Serve the People® by providing innovative business process management and technology solutions for government services.
Maximus (NYSE:MMS) has received notable recognition at the 2020 MarCom Awards, winning two awards and two honorable mentions for its digital media and strategic communications campaigns. Key highlights include the Platinum Award for Integrated Marketing in support of the IRS, and a Gold Award for a web video celebrating NOAA's 50th anniversary. The MarCom Awards is one of the largest creative competitions globally, attracting around 6,000 entries annually from various countries.
Maximus (NYSE: MMS) reported fiscal 2020 results with revenue of $3.46 billion, up from $2.89 billion, driven by the Census contract and COVID-19 response efforts. Organic growth was 15.7%, but diluted earnings per share fell to $3.39 from $3.72 due to operational challenges and a shift towards cost-plus contracts. The U.S. Services Segment revenue grew 13% to $1.33 billion, while the Outside the U.S. Segment revenue dropped to $498.9 million. For fiscal 2021, Maximus projects revenue between $3.20 billion and $3.40 billion.
Maximus (NYSE: MMS) will release its financial results for the fiscal year ending September 30, 2020, on November 19, 2020, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. The call is open to the public. Maximus, founded in 1975, supports government agencies in delivering health and human services globally, emphasizing efficiency and improved outcomes. The company operates in several countries and employs around 30,000 individuals.
Maximus (NYSE: MMS) has announced a quarterly cash dividend of $0.28 per share, scheduled for payment on November 30, 2020. Shareholders on record as of November 13, 2020 will receive this dividend. This decision reflects the company's ongoing commitment to return value to its shareholders while maintaining its operational capabilities across government services.
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