Maximus, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 08, 2024 at 04:15 pm EDT
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Maximus, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 1,348.36 million compared to USD 1,206.85 million a year ago. Net income was USD 80.51 million compared to USD 31.79 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 1.31 compared to USD 0.52 a year ago.
For the six months, sales was USD 2,675.4 million compared to USD 2,456.1 million a year ago. Net income was USD 144.66 million compared to USD 71.78 million a year ago. Basic earnings per share from continuing operations was USD 2.36 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 2.35 compared to USD 1.17 a year ago.
Maximus, Inc. is an operator of government health and human services programs and provider of technology solutions to governments. The Company operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment provides a variety of business process services (BPS), such as program administration, appeals and assessments, and related consulting work for United States state and local government programs. The U.S. Federal Services segment delivers end-to-end solutions that help various United States federal government agencies, including program operations and management, clinical services, and technology solutions. The Outside the U.S. segment provides BPS for international governments and commercial clients. The services of this segment include health and disability assessments, program administration for employment services, wellbeing solutions, and other job seeker-related services. It also delivers services in the United Kingdom.