Maximus Q3 revenue up 5.6% to $1.19B; adjusted EPS $0.78 includes $0.26 cyber hit; FY23 guidance lowered

MAXIMUS, INC.

2023-Q3 EPS reported $1.67 revenue$3,644,775,000

Revenue $1.19B, +5.6% YoY; organic growth 6.7% driven by U.S. segments.
Adjusted diluted EPS $0.78 (flat vs prior year); includes ~$22M ($0.26/sh) expense for cybersecurity incident.
U.S. Federal Services segment revenue +11.1% to $584M; margin 12.7% beating expectations.
Outside U.S. segment revenue -22.5% to $155.7M; operating loss $15.2M driven by macroeconomic factors.
FY23 guidance: revenue midpoint unchanged at $4.925B; adjusted EPS lowered to $3.74-$3.94 (from $4.00-$4.30) due to cyber costs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAXIMUS, INC. reported the three and nine months ended June 30, 2023 results: revenue $1.19 billion, EPS $0.50. Guidance reaffirmed.

Period: the three and nine months ended June 30, 2023
Revenue: $1.19 billion
EPS: $0.50
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reported financial results for the three and nine months ended June 30, 2023. Highlights for the third quarter of fiscal year 2023 include: • Revenue increased 5.6% to $1.19 billion, compared to $1.13 billion for the prior year period. Organic growth was 6.7% and driven by higher volumes on key programs in the U.S. segments. • Diluted earnings per share were

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Source: SEC EDGAR

accession 0001032220-23-000064

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