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Stock impact report

Maximus Reports Fiscal Year 2024 First Quarter Results [Yahoo! Finance]

Maximus, Inc. (MMS) 
Last maximus, inc. earnings: 2/6 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.maximus.com
Company Research Source: Yahoo! Finance
TYSONS, Va., February 07, 2024 BUSINESS WIRE Maximus (NYSE: MMS), a leading provider of government services worldwide, reported financial results for the three months ended December 31, 2023. Highlights for the first quarter of fiscal year 2024 include: Revenue increased 6.2% to $1.33 billion, compared to $1.25 billion for the prior year period. Organic growth was 6.9% and driven by expanded programs as well as resumed programs tied to Medicaid redeterminations. Diluted earnings per share were $1.04 and adjusted diluted earnings per share were $1.34, compared to $0.65 and $0.94, respectively, for the prior year period. The company is raising earnings and free cash flow guidance for fiscal year 2024. Adjusted operating income guidance is increasing by $15 million, adjusted diluted earnings per share by $0.15, and free cash flow by $10 million. A quarterly cash dividend of $0.30 per share is payable on February 29, 2024, to shareholders of record on February 15, 2024. "Our Show less Read more
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