MAXIMUS


Associated tags: Maximus, Health, Government, Professional Services, Consulting, Software, Public Policy, Data Management, MMS, NYSE

Locations: ITALY, SINGAPORE, CANADA, UNITED KINGDOM, EUROPE, WALES, UK, SCOTLAND, MAINE, DE, UNITED STATES, NORTH AMERICA, VIRGINIA, CALIFORNIA, DISTRICT OF COLUMBIA, IR, VA

Maximus Reports Fiscal Year 2024 First Quarter Results

Retrieved on: 
Wednesday, February 7, 2024

Highlights for the first quarter of fiscal year 2024 include:

Key Points: 
  • 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.
  • Revenue for the first quarter of fiscal year 2024 increased 6.2% to $1.33 billion, compared to $1.25 billion for the prior year period.
  • For the first quarter of fiscal year 2024, operating margin was 8.1% and the adjusted operating margin was 9.9%.
  • Maximus is raising fiscal year 2024 earnings and free cash flow guidance following first quarter results and improved margin outlook for the rest of the fiscal year.

Maximus Names Derrick Pledger New Chief Digital and Information Officer

Retrieved on: 
Tuesday, January 30, 2024

Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced Derrick Pledger has been named Chief Digital and Information Officer (CDIO).

Key Points: 
  • Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced Derrick Pledger has been named Chief Digital and Information Officer (CDIO).
  • View the full release here: https://www.businesswire.com/news/home/20240130228520/en/
    Derrick Pledger, Chief Digital and Information Officer of Maximus (Photo: Business Wire)
    “Derrick brings a wealth of experience to Maximus as a noted leader in technology modernization and strategic leadership, and we are excited about adding those skills to our talented executive team,” said Bruce Caswell, President and CEO of Maximus.
  • This new role is a tremendous opportunity to join a growing team and lead it to even greater heights,” said Pledger.
  • Reflecting his commitment to talent development, Pledger recently implemented a broad upskilling program for CDIO personnel in analytics, cloud, and AI.

Maximus Announces New Growth Federal Leadership Team Across Civilian, Health, and Defense Markets

Retrieved on: 
Wednesday, January 24, 2024

Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced a new Federal growth leadership team managing three key verticals across Civilian, Health, and Defense.

Key Points: 
  • Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced a new Federal growth leadership team managing three key verticals across Civilian, Health, and Defense.
  • “The Federal team delivers exceptional services, technology, and approaches to federal agencies that turn their ideas into reality,” said Teresa Weipert, General Manager of Maximus’ Federal Services segment.
  • “We’ve reached a pivotal moment in federal technology as emerging technologies, like AI and machine learning, are opening up so many possibilities when it comes to modernization.
  • Rosser comes to Maximus after several leadership roles across the government contracting market, including with Deloitte and Booz Allen Hamilton.

Maximus Declares Quarterly Cash Dividend of $0.30 per Share

Retrieved on: 
Thursday, January 11, 2024

Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on February 29, 2024, to shareholders of record on February 15, 2024.

Key Points: 

Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on February 29, 2024, to shareholders of record on February 15, 2024.

Maximus Schedules Fiscal 2024 First Quarter Conference Call

Retrieved on: 
Monday, January 8, 2024

Maximus (NYSE: MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three months ended December 31, 2023, after market close on Wednesday, February 7, and will host a conference call the following day at 9:00 a.m.

Key Points: 
  • Maximus (NYSE: MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three months ended December 31, 2023, after market close on Wednesday, February 7, and will host a conference call the following day at 9:00 a.m.
  • ET on Thursday, February 8.
  • Shareholders are invited to submit questions for management’s consideration by emailing [email protected] up to one hour prior to the call.
  • The call is open to the public and available by webcast or by phone at:
    For those unable to listen to the live call, a recording of the webcast will be available on investor.maximus.com .

Maximus Awarded $32 Million IRS Data Delivery Services (DDS) Task Order

Retrieved on: 
Thursday, January 4, 2024

Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced it has been awarded a four-year, $32 million Data Delivery Services (DDS) contract with the Internal Revenue Service (IRS), through the Alliant 2 IDIQ.

Key Points: 
  • Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced it has been awarded a four-year, $32 million Data Delivery Services (DDS) contract with the Internal Revenue Service (IRS), through the Alliant 2 IDIQ.
  • Maximus will provide development support to two mission-critical systems at the IRS.
  • Additionally, Maximus will consult with the agency on the design, build, and deployment of world-class data services to internal and external IRS stakeholders while refining and evolving the IRS Enterprise Data solution.
  • The company will provide continuous, high-availability services that will operate, sustain, and manage these databases in support of the overall DDS Data Strategy.

Maximus DE&I Efforts Recognized in Third-Party Racial Equity Audit

Retrieved on: 
Friday, December 22, 2023

In September 2022, Maximus announced it engaged WilmerHale to perform a racial equity audit.

Key Points: 
  • In September 2022, Maximus announced it engaged WilmerHale to perform a racial equity audit.
  • As part of the audit, WilmerHale assessed the company’s operations, policies, ongoing DE&I efforts, and public engagement through a racial equity lens.
  • The audit built upon Maximus’ DE&I initiatives and commitment to racial equity and justice for all employees.
  • “We are proud that WilmerHale’s racial equity audit recognizes our efforts to date and appreciate their thoughtful recommendations to continue promoting DE&I at Maximus.

Maximus Selected to Administer Maine's Supports Intensity Scale for Adults (SIS-A®) 2nd Edition Assessments

Retrieved on: 
Tuesday, December 12, 2023

Maximus , a leading provider of government services worldwide, announced that it was selected by the State of Maine’s Department of Health and Human Services, Office of Aging and Disability Services (OADS) to independently administer SIS-A® 2nd Edition (Supports Intensity Scale for Adults) Assessments.

Key Points: 
  • Maximus , a leading provider of government services worldwide, announced that it was selected by the State of Maine’s Department of Health and Human Services, Office of Aging and Disability Services (OADS) to independently administer SIS-A® 2nd Edition (Supports Intensity Scale for Adults) Assessments.
  • Through the contract, Maximus administers SIS-A assessments for individuals with Intellectual and Developmental Disabilities (IDD) and completes assessments that inform the development of the state’s “A Path for ME” Lifespan Home and Community-Based Services initiative.
  • The state’s initiative supports individuals as their needs change during various stages of life with a primary focus on identifying the strengths of individuals with IDD, their families, and their communities.
  • “Maximus understands the need for high-quality, reliable, and consistent information about the support needs of adults with intellectual disabilities and autism.

Maximus Reports Fourth Quarter and Full Year Results for Fiscal Year 2023

Retrieved on: 
Wednesday, November 15, 2023

Highlights for the fourth quarter and full fiscal year 2023 include:

Key Points: 
  • Highlights for the fourth quarter and full fiscal year 2023 include:
    Full year revenue increased 5.9% to $4.90 billion, compared to $4.63 billion for the prior year.
  • Excluding the previously disclosed cybersecurity incident, adjusted earnings per share were $4.18 and $1.38 for the full year and fourth quarter, respectively, of fiscal year 2023.
  • Revenue for the fourth quarter of fiscal year grew 7.0% to $1.26 billion, or 7.4% on an organic basis.
  • Adjusted diluted earnings excluding the incident were $4.18 and $1.38 per share for the full year and fourth quarter, respectively, of fiscal year 2023.

Maximus Announces Divestiture in Outside the U.S. Segment

Retrieved on: 
Monday, November 6, 2023

Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today it completed the divestiture of employment services operations in Italy, Singapore, and Canada.

Key Points: 
  • Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today it completed the divestiture of employment services operations in Italy, Singapore, and Canada.
  • The purchaser, Angus Knight, is a global provider of employment, community, and education services.
  • With the transaction, over 250 employees are joining Angus Knight to enable a seamless transition of operations for the respective government customers.
  • “This transaction represents an important step in our ongoing optimization of the Outside the U.S. portfolio to deliver consistent profitability and improve alignment with the broader Maximus strategy,” said Bruce Caswell, President and Chief Executive Officer.