MAXIMUS, Inc. - MMS STOCK NEWS

Maximus (NYSE: MMS) has been awarded a five-year, $40 million task order by the Internal Revenue Service (IRS) to deliver end-to-end development and modernization services for the IRS Enterprise Data Platform (EDP). This is the second task order for Maximus through the Enterprise Development, Operations Services (EDOS) contract, following an $87 million task order in June for modernizing the IRS Suite of Financial Systems.

Maximus will provide expertise to transform and transition current data and business intelligence processing to cloud-based Platform-as-a-Service (PaaS). The EDP platform aims to deliver secure data access across the IRS, facilitating the use of emerging technology and driving cost savings. This task order supports the IRS Data Delivery Services Domain, overseeing data quality with scalable, repeatable processes.

Maximus (NYSE: MMS) has been awarded a five-year, $263 million contract by the Pennsylvania Department of Human Services to provide enhanced application and enrollment services for long-term services and supports. This contract extends Maximus's role as an independent enrollment broker, which it has held since 2016. The company will assist eligible Pennsylvania residents in receiving home and community-based services, focusing on seniors and people with disabilities.

Key aspects of the contract include:

• Streamlining the Medicaid waiver application process
• Implementing digital solutions to improve service efficiency
• Providing choice counseling for plan and provider selection
• Supporting applicants with appeals and grievances processes

Maximus has previously reduced the application process from 90 to 26 days and maintains a 98% customer satisfaction score.

Maximus (NYSE: MMS) has been awarded a $20 million contract from the Office of Personnel Management (OPM) to serve as the Contact Center Services Provider for the new Postal Service Health Benefits Program. This program will provide health insurance to eligible Postal Service employees, annuitants, and their families starting in 2025.

Maximus will lead customer support efforts, answering calls and emails for OPM's enhanced customer service platform. The company will utilize its Total Experience Management (TXM) solution, including advanced telephony, customer relationship management, and call quality reporting tools. This new program will replace FEHB coverage for eligible groups and is part of Maximus' expertise in implementing and modernizing public-facing programs.

Maximus (NYSE: MMS) reported strong fiscal year 2024 third quarter results, with revenue increasing 10.6% to $1.31 billion. The company raised its FY24 guidance for the third consecutive time, with revenue expected to range between $5.25 billion and $5.35 billion. Diluted earnings per share were $1.46, while adjusted diluted EPS reached $1.74. All three segments contributed to organic growth of 11.2%, with the U.S. Federal Services Segment being the primary driver. The company's net debt to EBITDA ratio improved to 1.5 times. Maximus declared a quarterly cash dividend of $0.30 per share, payable on August 31, 2024. The company's strong performance was attributed to favorable tailwinds and efficient delivery at scale across its operations.

Maximus has released the fourth episode of their DE&I podcast, 'ERGs Unplugged,' featuring members of its Black Alliance Employee Resource Group (ERG). The episode highlights personal perspectives on the impact and importance of the ERG in fostering diversity, equity, and inclusion within the company. The discussion emphasizes Maximus' commitment to creating an inclusive workplace through active engagement and support of its ERGs. For further details on their DE&I initiatives, visit Maximus.com/DEI.

Maximus (NYSE: MMS) has announced that its Board of Directors has approved a quarterly cash dividend of $0.30 per share. This dividend will be payable on August 31, 2024, to shareholders who are on record as of August 15, 2024. Maximus is recognized as a leading provider of government services worldwide.

Maximus (NYSE: MMS) has announced that it will release its financial results for the three and nine months ending June 30, 2024, after market close on August 7, 2024. The company will host a conference call on August 8 at 9:00 a.m. ET to discuss the results. Shareholders can submit questions for management by emailing IR@maximus.com up to one hour prior to the call. The call will be accessible to the public via webcast or phone, and a recording will be available on the company's investor website.

Maximus has released the third episode of its DE&I podcast, ERGs Unplugged, focusing on the LGBTQIA+ community. In this episode, members of the PRISM Employee Resource Group (ERG), Avery Springe and Taran Neiderman, share their personal and professional experiences within the group. Avery discusses how involvement with PRISM enabled him to advocate for gender-neutral bathrooms across all states. Taran emphasizes the importance of support in being one's true self, which PRISM facilitated for them. This episode highlights Maximus' commitment to diversity, equity, and inclusion. Additional DE&I information is available on their website.

Maximus (NYSE: MMS) has been awarded an $87 million, five-year task order by the IRS to deliver comprehensive development and modernization services. This task order, part of the IRS's Enterprise Development, Operations Services (EDOS) contract, aims to enhance the financial management systems of the IRS. Maximus will support the IRS Internal Management Division, providing General Ledger support and aiding in compliance and enforcement programs. The task order builds on a longstanding partnership, including previous work on the IRS Master File system. Maximus will design, develop, and maintain various IT services, contributing to improved taxpayer services and accountability.