earnings
confidence high
sentiment neutral
materiality 0.75
Maximus FY22 rev $4.63B, adj EPS $4.37; FY23 rev guide $4.75-4.90B, adj EPS $3.70-4.00
MAXIMUS, INC.
2022-FY EPS reported
$3.29
revenue$4,631,018,000
- FY22 revenue $4.63B, up 8.9% YoY; diluted EPS $3.29, adjusted EPS $4.37 (vs $5.19 prior year).
- Record $10.5B in signed contract awards, including $6.6B CMS Contact Center Operations contract.
- U.S. Federal Services rev $2.26B (+19.4%); U.S. Services rev $1.61B (-3.3%) due to COVID work decline.
- FY23 guidance: rev $4.75-4.90B; adj operating income $390-415M; adj diluted EPS $3.70-4.00.
- Q4 cash dividend $0.28/share payable Nov 30, 2022; debt paydown $128M in Q4, net debt/EBITDA 2.6x.