earnings
confidence high
sentiment negative
materiality 0.75
Maximus Q2 rev $1.18B (+22.7%); cuts FY22 EPS guidance to $3.00-$3.50 amid PHE delays
MAXIMUS, INC.
2022-Q2 EPS reported
$1.66
revenue$2,328,202,000
- Revenue $1.18B (+22.7% YoY); organic flat; normalized organic ~20% excluding COVID work.
- GAAP EPS $0.80; adjusted EPS $1.07 vs prior year $1.29/$1.35 for Q2.
- FY22 EPS guidance cut to $3.00-$3.50 (adj. $4.07-$4.57) citing PHE delays; revenue guidance maintained $4.5B-$4.7B.
- U.S. Federal Services rev $573M (+74%) on acquisitions; U.S. Services rev $398M (-11%) from COVID work decline.
- Declared $0.28 dividend payable May 31; YTD contract awards $1.47B; pipeline $29.8B.