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) 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.
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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.
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.
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