Maximus Q1 revenue $1.33B (+6.2%); raises FY24 EPS and FCF guidance

MAXIMUS, INC.

2024-Q1 EPS reported $1.04 revenue$1,327,041,000

Revenue $1.33B (organic +6.9%); diluted EPS $1.04, adjusted EPS $1.34 vs $0.65/$0.94 YoY.
FY24 adjusted operating income guidance raised $15M to $503–528M, adjusted EPS +$0.15 to $5.20–5.50.
Free cash flow guidance raised to $300–350M; gross debt $1.32B, net leverage 2.1x.
U.S. Federal Services +9.5% to $677.1M; U.S. Services +11.5% to $489.8M; Outside U.S. -16.4% to $160.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAXIMUS, INC. reported fiscal year 2024 results: EPS adjusted diluted earnings per share by $0.15. Guidance raised.

Period: fiscal year 2024
EPS: adjusted diluted earnings per share by $0.15
Guidance: raised
Result: guidance update

Exact text from the filing

The company is raising earnings and free cash flow guidance for fiscal year 2024. Adjusted operating income guidance is increasing by $15 million, adjusted diluted earnings per share by $0.15, and free cash flow by $10 million.

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Source: SEC EDGAR

accession 0001032220-24-000013

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