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.
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) has announced the transition of Dr. Arvenita W. Cherry to the role of President of the Maximus Foundation, effective October 1. She succeeds Dr. John Boyer, who served for 17 years and will remain as Chairman until his retirement later this fiscal year. The Maximus Foundation is dedicated to supporting community and healthcare initiatives, recently distributing $2 million in grants to 167 nonprofits in the U.S. Dr. Cherry aims to align the foundation’s focus with the company’s diversity, equity, and inclusion strategies.
Maximus (NYSE: MMS) has declared a quarterly cash dividend of $0.28 per share, set to be paid on November 30, 2022. Shareholders must be on record by November 15, 2022 to qualify for this dividend. This move highlights Maximus's commitment to returning income to its shareholders, reflecting the company's financial health and operational stability.
Maximus (NYSE: MMS) has secured a new contract valued at
Maximus (NYSE: MMS) reported a revenue decline of $118 million for Q3 FY2022, totaling $1.13 billion, impacted by a $413 million reduction in COVID-19 response work. Despite this, organic growth in the U.S. Federal Services Segment and a pipeline of signed contracts totaling $4.02 billion highlight future growth potential. Diluted EPS stood at $0.51, affected by an $11.7 million write-down. Full-year guidance remains unchanged for revenue at $4.6 billion, while EPS is projected between $2.85 and $3.05. A quarterly dividend of $0.28 per share will be paid on August 31, 2022.
Maximus (NYSE: MMS) will release its financial results for the three and nine months ending June 30, 2022, on August 3, 2022, after market close. A conference call will follow on August 4 at 9:00 a.m. ET. Shareholders can submit questions to management before the call by emailing IR@maximus.com. To listen, participants can join via webcast or phone: 877.407.8289 (Domestic) / +1.201.689.8341 (International). A recording will be available post-call.
Maximus (NYSE: MMS) has announced a quarterly cash dividend of $0.28 per share, set to be paid on August 31, 2022. Shareholders of record as of August 15, 2022, will receive this dividend. The company continues to focus on improving public service delivery through innovative solutions, reinforcing its role as a strategic partner to governments globally.
Maximus (NYSE: MMS) announced over
Maximus (NYSE: MMS) held its Investor Day on May 24 at 9:00 a.m. ET. Presentations were made by President Bruce Caswell, CFO David Mutryn, and three Segment General Managers. They discussed the company's growth strategy, focusing on expectations for organic growth and profit margins. The live webcast and related materials were available on the Maximus Investor Relations website, with a replay accessible afterward. Maximus, a global leader in government services, aims to enhance public service delivery through innovative business processes and technology solutions.
Maximus reported a 22.7% increase in revenue to $1.18 billion for the second quarter of fiscal 2022, primarily driven by U.S. Federal Services Segment acquisitions and growth in the Outside the U.S. Segment. However, they revised earnings guidance to $3.00-$3.50 per share due to ongoing COVID-19 related delays. The revenue guidance remains at $4.5-$4.7 billion. Diluted earnings per share were $0.80 or $1.07 when adjusted for amortization. Year-to-date contract awards totaled $1.47 billion with a backlog of $1.75 billion.
Maximus (NYSE: MMS) will announce its financial results for the three and six months ending March 31, 2022, after market close on May 4, 2022. A conference call will follow at 9:00 a.m. ET on May 5, where shareholders can submit questions via email. The call is open to the public, accessible via webcast or phone. Maximus has been providing government services since 1975, focusing on enhancing citizen engagement with various health and human services programs worldwide.
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