Maximus Inc

NYSE:MMSUnited States

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• Maximus Fiscal Q4 Adjusted Earnings, Revenue Rise; Fiscal 2025 Outlook Set -- Shares Fall After Hours, from 5:35PM ET on Wednesday Nov 20, 2024 by MT Newswires

  5:35PM ET on Wednesday Nov 20, 2024 by MT Newswires
  Companies Mentioned: MMS
  05:35 PM EST, 11/20/2024 (MT Newswires) -- Maximus (MMS) reported fiscal Q4 adjusted earnings late Wednesday of $1.46 per diluted share, up from $1.29 a year earlier. Two analysts polled by FactSet expected $1.48. Revenue for the quarter ended Sep...

• -- Earnings Flash (MMS) MAXIMUS Posts Q4 Revenue $1.32B, vs. Street Est of $1.31B, from 4:06PM ET on Wednesday Nov 20, 2024 by MT Newswires

  4:06PM ET on Wednesday Nov 20, 2024 by MT Newswires
  Companies Mentioned: MMS
  04:06 PM EST, 11/20/2024 (MT Newswires) -- ...

• -- Earnings Flash (MMS) MAXIMUS Reports Q4 EPS $1.46, vs. Street Est of $1.48, from 4:05PM ET on Wednesday Nov 20, 2024 by MT Newswires

  4:05PM ET on Wednesday Nov 20, 2024 by MT Newswires
  Companies Mentioned: MMS
  04:05 PM EST, 11/20/2024 (MT Newswires) -- ...

• Maximus Reports Fourth Quarter and Full Year Results for Fiscal Year 2024, from 4:05PM ET on Wednesday Nov 20, 2024 by Dow Jones

  4:05PM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: MMS
  charges (2) -- NM (2,868) NM (1,018) NM (3,751) NM Other (3) (510) NM (5,731) NM (7,222) NM (29,973) NM --------- --------- --------- --------- Operating income $ 111,756 8.5% $ 99,124 7.9% $ 488,499 9.2% $ 294,794 6.0% ========= ========= ========= ========= (1) Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM." (2) During fiscal years 2024 and 2023, we sold a number of businesses in our Outside the U.S. Segment. (3) Other includes credits and costs that are not allocated to a particular segment, including charges related to acquisitions, divestitures, and certain legal activities. For fiscal year 2023, these included charges of $29.3 million related to a previously disclosed cybersecurity incident. Maximus, Inc. Consolidated Free Cash Flows - Non-GAAP (Unaudited) For the Three Months For the Year Ended Ended September 30, September 30, -------------------- ----------------------- 2024 2023 2024 2023 ------- ------- -------- ------- (in thousands) Net cash provided by operating activities $163,834 $144,589 $ 515,258 $314,340 Purchases of property and equipment and capitalized software (31,953) (31,832) (114,190) (90,695) ------- ------- -------- ------- Free cash flow $131,881 $112,757 $ 401,068 $223,645 ======= ======= ======== ======= Maximus, Inc. Non-GAAP Adjusted Results - Operating Income, Adjusted EBITDA, Net Income, and Diluted Earnings per Share (Unaudited) For the Three Months Ended For the Year Ended September 30, September 30, -------------------------- -------------------------- 2024 2023 2024 2023 ------- ------- ------- ------- (dollars in thousands, except per share data) Operating income $111,756 $ 99,124 $488,499 $294,794 Add back: Amortization of intangible assets 23,038 23,992 91,570 94,591 Add back: Divestiture-related charges -- 2,868 1,018 3,751 ------- ------- ------- ------- Adjusted operating income excluding amortization of intangible assets and divestiture-related charges (Non-GAAP) $134,794 $125,984 $581,087 $393,136 Adjusted operating income margin excluding amortization of intangible assets and divestiture-related charges (Non-GAAP) 10.2% 10.0% 11.0% 8.0% Add back: Depreciation and amortization of property, equipment, and capitalized software 9,811 17,633 33,957 54,725 ------- ------- ------- ------- Adjusted EBITDA (Non-GAAP) $144,605 $143,617 $615,044 $447,861 ======= ======= ======= ======= Adjusted EBITDA margin (Non-GAAP) 11.0% 11.4% 11.6% 9.1% Net income $ 72,504 $ 59,146 $306,914 $161,792 Add back: Amortization of intangible assets, net of tax 16,973 17,682 67,481 69,714 Add back: Divestiture-related charges -- 2,868 1,018 3,751 ------- ------- ------- ------- Adjusted net income excluding amortization of intangible assets and divestiture-related charges (Non-GAAP) $ 89,477 $ 79,696 $375,413 $235,257 Diluted earnings per share $ 1.19 $ 0.96 $ 4.99 $ 2.63 Add back: Effect of amortization of intangible assets on diluted earnings per share 0.27 0.28 1.10 1.14 Add back: Effect of divestiture-related charges on diluted earnings per share -- 0.05 0.02 0.06 ------- ------- ------- ------- Adjusted diluted earnings per share excluding amortization of intangible assets and divestiture-related charges (Non-GAAP) $ 1.46 $ 1.29 $ 6.11 $ 3.83 ======= ======= ======= =======
  

• *DJ Maximus 4Q EPS $1.19 >MMS, from 4:05PM ET on Wednesday Nov 20, 2024 by Dow Jones

  4:05PM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: MMS