Maximus raises FY24 guidance as Q2 revenue rises 11.7% to $1.35 billion
Maximus reported fiscal second-quarter 2024 results for the quarter ended March 31, 2024, with revenue up 11.7% to $1.35 billion and diluted EPS of $1.31, compared with $0.52 a year earlier. The company raised its fiscal 2024 guidance, with adjusted diluted EPS now expected at $5.65 to $5.85, an increase of $0.40 per share from prior guidance at the midpoint.
Key points
- Revenue rose 11.7% to $1.35 billion from $1.21 billion, with organic growth of 12.6%.
- Diluted EPS was $1.31 versus $0.52; adjusted diluted EPS was $1.57 versus $0.81.
- FY24 revenue guidance is $5.15 billion to $5.25 billion, up $75 million at the midpoint.
- The board declared a quarterly cash dividend of $0.30 per share, payable May 31, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2024.
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