Fed’s Powell opens door to potential rate cuts at Jackson Hole
NEW YORK - Maximus, Inc. (NYSE:MMS) reported better-than-expected second quarter results and raised its full-year outlook on Thursday.
The government services provider’s shares jumped 4.94% in premarket trading after the earnings release.
The Tysons, Virginia-based company posted adjusted earnings of $2.01 per share for the quarter ended March 31, handily beating the analyst consensus of $1.46. Revenue rose 1% YoY to $1.36 billion, topping estimates of $1.3 billion.
Maximus attributed the strong performance primarily to its U.S. Federal Services segment, which saw revenue increase 10.9% YoY to $777.9 million. The company said this growth was organic and came from multiple sources, including higher clinical assessment volumes across several program areas.
"We are proud of our teams across the business who are focused on mission-critical service delivery of important government programs," said Bruce Caswell, President and CEO. "As a result, we delivered a robust quarter that enables a second consecutive guidance raise."
Looking ahead, Maximus raised its full-year 2025 adjusted earnings guidance to a range of $6.30 to $6.60 per share, up from its previous outlook of $5.90 to $6.20 and above the $6.10 Wall Street consensus. The company also increased its revenue forecast to between $5.25 billion and $5.4 billion.
Maximus declared a quarterly dividend of $0.30 per share, payable on May 31 to shareholders of record as of May 15.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.