secwatch.observer — SEC 8-K summary
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Issuer:     MAXIMUS, INC. (MMS)
CIK:        0001032220
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001032220-23-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maximus Q2 FY2023 EPS down; reaffirms FY guidance; debt reduced $275M
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- Q2 revenue $1.21B (+2.5% YoY); diluted EPS $0.52, adjusted EPS $0.80 (vs $0.80 and $1.07 prior year).
- Operating cash flow $309.7M, free cash flow $291.6M; repaid $275M debt; net debt/EBITDA improved to 2.5x.
- Reaffirmed FY23 guidance: revenue $4.85B-$5.0B; adjusted EPS $4.00-$4.30; divested two small non-core businesses.
- U.S. Services margin 9.5% (down YoY) due to paused Medicaid redeterminations; expects ramp in Q3/Q4.
- Outside the U.S. segment revenue -16% to $173M, operating loss $3.7M; guidance for segment margin lowered to 1-3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032220/000103222023000042/0001032220-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032220/000103222023000042/mms-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001032220-23-000042

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