secwatch.observer — SEC 8-K summary
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Issuer:     MAXIMUS, INC. (MMS)
CIK:        0001032220
Form:       8-K
Filed at:   2026-08-06T12:25:23+00:00
Accession:  0001032220-26-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maximus Q3 adjusted EPS $2.22 beats $2.16 YoY; cuts FY2026 guidance on federal contract modification
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- Revenue $1.28B vs $1.35B prior year; diluted EPS $1.95 (adjusted $2.22) vs $1.86 ($2.16).
- FY2026 adjusted EPS guidance lowered to $7.90-8.20; adjusted EBITDA margin ~13.7%.
- Temporary customer-directed contractual modification on major federal program effective July-Dec 2026.
- U.S. Federal Services revenue $721M (down $40M YoY) but operating margin improved to 18.6% from 18.1%.
- Free cash flow guidance updated to $425-475M; DSO 98 days, expected below 70 by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032220/000103222026000033/0001032220-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032220/000103222026000033/mms-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001032220-26-000033

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