Maximus reported Q1 revenue of $1.35 billion, down 4.1%, with GAAP EPS of $1.70 and adjusted EPS of $1.85 versus $0.69 and $1.61 prior-year. It narrowed full-year revenue guidance to $5.2–$5.35 billion, raised adjusted EBITDA margin by 30 bps to ~14%, boosted adjusted EPS outlook to $8.05–$8.35 and declared a $0.33 dividend.