Richard Montoni: MAXIMUS’ $150M Stock Buyback Plan Wins Board Approval

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Richard Montoni The board of directors at MAXIMUS (NYSE: MMS) has approved the company’s plan to repurchase as much as $150 million in company shares. MAXIMUS said Monday that shares acquired through the repurchase program will be held as treasury stock and be used for employee stock issuance and general corporate purposes. “Our solid financial position gives us the ability to continue repurchasing...

Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS’ FY 2014 Guidance

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Richard Montoni MAXIMUS (NYSE: MMS) has announced financial results for the second quarter of the company’s 2014 fiscal year, ended March 31. The Reston, Va.-based government services contractor reported a 35-percent increase in revenue to $439 million from the prior year period and increased its guidance estimates for fiscal 2014 revenue to between $1.68 billion and $1.73 billion. Previous company...

Richard Montoni: Health Services Work Drives ‘Better Than Expected’ 1Q for MAXIMUS

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Richard Montoni Reston, Va.-based government services contractor MAXIMUS (NYSE: MMS) has announced financial results for the first quarter of its 2014 fiscal year, ended Dec. 31, 2013. The company reported 42-percent higher revenue from the prior year period, or 44 percent on a constant currency basis, going from $286.3 million to $406.6 million. MAXIMUS also raised its fiscal 2014 projections to between...

David Walker to Retire as MAXIMUS CFO; Richard Montoni Comments

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David Walker, chief financial officer at MAXIMUS (NYSE: MMS) for seven years, plans to retire from his CFO and treasurer roles upon the appointment of his successor. Executive recruitment firm Korn Ferry has been hired to search for Walker’s successor and he will move into a part-time position supporting CEO Richard Montoni by December 2014, MAXIMUS said Monday. The Washington Business Journal...

Maximus Buys UK-Based Healthcare Provider; Richard Montoni Comments

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Richard Montoni Maximus (NYSE: MMS) has acquired U.K.-based healthcare provider Health Management Ltd. in a move aimed at expanding Maximus’ medical management services portfolio. The transaction closed on July 1 and is expected to add nearly $11 million to Maximus’ revenue in the next three months, Maximus said Monday. Richard Montoni, Maximus CEO, said the company aims to grow its healthcare...

Maximus Starts FY2013 With 19% 1Q Revenue Jump; Richard Montoni Comments

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Richard Montoni Maximus (NYSE: MMS) has announced financial results for the first quarter of its 2013 fiscal year, ended Dec. 31, 2012. Total revenue for the quarter increased 19 percent to $286.3 million over the $239.6 million in thee prior year period. Growth on existing contracts, new work and the company’s April 2012 acquisition of PSI helped drive the increase, Maximus said. Revenue...

Maximus Reports 12% Revenue Jump for 3Q; Richard Montoni Comments

Richard Montoni Maximus (NYSE: MMS) has announced financial results for the third quarter of its 2012 fiscal year ended June 30, 2012. The company reported a 12 percent year-over-year increase in revenue, going from $238.3 million to $266.4 million. CEO Richard Montoni said the company has sales pipeline of $3.4 billion and is waiting for awards on close to $1.7 billion in proposals. Maximus also gained...

Maximus to Buy Denver-Based Policy Studies for $67M Cash

Richard Montoni, Maximus Maximus has agreed to acquire Denver-based government health and human services provider Policy Studies for $67 million cash, the company announced Thursday. The Reston, Va.-based firm said it expects the transaction to close on April 30 and to slightly increase its earnings per share for the rest of fiscal year 2012. The company expects a greater increase to earnings in fiscal...

MAXIMUS FY2011 Contract Wins Up 134%, Revenue 12%

MAXIMUS (NYSE: MMS) has released its financial results for its fourth quarter and fiscal year ended Sept. 30, 2011. The company reported $1.6 billion in year-to-date signed contract wins for fiscal 2011, compared to $685 million for fiscal 2010, a 134 percent increase. The company reported $250.1 million in revenue for the fourth quarter, an 18 percent increase from the same period in the previous...

MAXIMUS to Present at Healthcare Conference

MAXIMUS (NYSE: MMS) President and Chief Executive Officer Richard Montoni and Bruce Caswell, president and general manager of MAXIMUS Health Services will present at the Bank of America Merrill Lynch Health Care Conference in Las Vegas, Nev. The executives will deliver the MAXIMUS presentation at the Encore at Wynn Las Vegas at 9:50 a.m. PT, May 12, 2011. A live webcast of the presentation,...