In an earnings statement released Thursday, the McLean, Virginia-based government services provider said the figures reflected an organic growth of 4.3 percent. Maximus also posted an adjusted diluted earnings per share of $2.16, up 24 percent from $1.74 year-over-year. This was 38.46 percent higher than the anticipated $1.56. The diluted EPS was $1.86, which increased from $1.46 in the prior year.
In addition, the company reported that its operating margin increased from 10.8 percent to 12.3 percent, while its adjusted EBITDA margin rose from 13.1 percent to 14.7 percent, representing a 15 percent growth. Maximus also reported an increase in its stock price by 4.86 percent to $74.87.
Remarks From Maximus CEO Bruce Caswell
Bruce Caswell, president and CEO of Maximus, stated, “Our third quarter results reflect once again the resilience of our business model that is underpinned by consistent delivery at scale of critical government services. We are grateful to play a central role in supporting our customers’ missions by delivering essential services efficiently and accountably.”
The four-time Wash100 Award winner added, “Over the 50 years that Maximus has served as a trusted and impartial delivery partner for government, we’ve consistently demonstrated adaptability as legislation and regulatory changes lead to new program imperatives and advanced technologies like AI reshape citizen services.”
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