Maximus Q3 FY2024 revenue $1.31B (+10.6%), adj. EPS $1.74, raises FY guidance for third time

MAXIMUS, INC.

2024-Q3 EPS reported $3.81 revenue$3,990,327,000

Revenue $1.31B (+10.6% YoY), diluted EPS $1.46, adjusted diluted EPS $1.74 (vs $0.50 and $0.78).
U.S. Federal Services revenue $683.3M (+17.0%), segment margin 15.5%, full-year margin ~12.5%.
FY2024 guidance raised: revenue $5.25-5.35B (+$100M midpoint), adj. diluted EPS $6.00-6.20 (+$0.35).
Quarterly dividend $0.30/share payable Aug 31 to holders of record Aug 15.
Net debt/EBITDA improved to 1.5x; Q3 share repurchases ~611K shares for $50.6M.

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