Maximus Q2 Revenue Falls 4.1% to $1.31B, Adjusted EPS Raises Guidance
MMS•Maximus reported Q2 revenue of $1.31 billion, missing forecasts by $10 million and declining 4.1% year-over-year. Diluted EPS of $1.80 fell short of estimates, but adjusted EPS of $2.07 topped expectations and the company raised full-year guidance to $8.25-$8.55 per share.
1. Q2 Revenue Performance
Maximus posted revenue of $1.31 billion in Q2, missing the $1.32 billion consensus by $10 million and representing a 4.1% decrease from the prior year, reflecting headwinds in government services contracting.
2. EPS Results
GAAP diluted EPS was $1.80, below the $1.98 forecast, while adjusted EPS reached $2.07, exceeding estimates by $0.09, driven by operational efficiencies and cost controls.
3. Updated Full-Year Guidance
The company lifted its full-year adjusted EPS guidance to a range of $8.25 to $8.55, citing confidence in project backlogs and margin improvements across its service lines.
4. Strong Balance Sheet
With a debt-to-equity ratio of 0.03, Maximus maintains minimal leverage, positioning it to invest in strategic bidding and absorb contract timing variability.
