secwatch.observer — SEC 8-K summary
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Issuer:     MAXIMUS, INC. (MMS)
CIK:        0001032220
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001032220-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maximus Q2 revenue up 11.7% to $1.35B, adjusted EPS $1.57; raises FY24 guidance
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- Revenue $1.35B (+11.7% YoY); organic growth 12.6%; adjusted EPS $1.57 vs $0.81 prior year.
- Raises FY24 guidance: revenue midpoint +$75M to $5.20B; adjusted EPS now $5.65-$5.85 (+$0.40).
- U.S. Federal Services revenue +20.1% to $701.7M, operating margin 11.9%; VA MDE contracts exceeded production goals.
- U.S. Services segment margin 14.0% (peak from Medicaid redeterminations); FY24 margin outlook ~13%.
- Quarterly dividend $0.30/share payable May 31; net debt/EBITDA improved to 1.7x; repurchased 242k shares for $19.3M post-quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032220/000103222024000048/0001032220-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032220/000103222024000048/mms-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001032220-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer