Every material Form 8-K Maximus filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Maximus reported fiscal 2024 revenue of $5.31 billion, up 8.2% from $4.90 billion, and diluted earnings per share of $4.99, up from $2.63. The company also set fiscal 2025 guidance calling for revenue of $5.275 billion to $5.425 billion and adjusted diluted EPS of $5.70 to $6.00, and declared a $0.30 quarterly dividend.
FY2024 revenue rose 8.2% to $5.31 billion; organic growth was 8.8%
FY2024 diluted EPS was $4.99 versus $2.63; adjusted diluted EPS was $6.11 versus $3.83
FY2025 guidance: revenue of $5.275 billion to $5.425 billion; adjusted diluted EPS of $5.70 to $6.00
Quarterly dividend of $0.30 per share payable November 30, 2024, to holders of record on November 15, 2024
Maximus reported fiscal third-quarter 2024 revenue of $1.31 billion, up 10.6% from a year earlier, and diluted earnings per share of $1.46 versus $0.50. The company raised its fiscal 2024 guidance for a third consecutive time, with adjusted diluted EPS now expected at $6.00 to $6.20, which points to stronger earnings for shareholders.
Q3 FY2024 revenue rose 10.6% to $1.31 billion; diluted EPS was $1.46 versus $0.50 a year earlier
Adjusted diluted EPS was $1.74 versus $0.78 in the prior-year quarter
FY2024 guidance: revenue $5.25 billion to $5.35 billion; adjusted diluted EPS $6.00 to $6.20; free cash flow $350 million to $380 million
Quarterly dividend of $0.30 per share is payable August 31, 2024
On May 30, 2024, Maximus entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The company repaid part of its tranche A term loan, reducing it to $650 million, and increased its tranche B term loan to $500 million and its revolving credit facility to $750 million, with maturities extended about three years. The loans are secured by substantially all assets of the company and its wholly owned material domestic subsidiaries, and include financial covenants tested quarterly.
Tranche A term loan reduced to $650 million from about $868.1 million; maturity extended to May 30, 2029
Tranche B term loan increased to $500 million from about $343.2 million; maturity extended to May 30, 2031
Revolving credit facility increased to $750 million from $600 million; maturity extended to May 30, 2029
Financial covenants: maximum net total leverage ratio of 4.00 to 1.00 and minimum net interest coverage ratio of 3.00 to 1.00, tested quarterly starting September 30, 2024
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.
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.
Maximus said General Manager of U.S. Federal Services Teresa A. Weipert is leaving the company. Federal operations now sit under Lou Shields, Executive Managing Director – Federal Services, who with the Federal growth leaders reports directly to Bruce Caswell while the company evaluates replacement candidates. The filing gives no financial figures, so the effect on results is not quantified.
Teresa A. Weipert, General Manager, U.S. Federal Services, is departing the company, announced February 27, 2024.
Federal operations moved under Lou Shields, Executive Managing Director – Federal Services.
Shields and the Federal growth leaders will report directly to Bruce Caswell.
The company is evaluating replacement candidates; no successor is named in the filing.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Maximus filing is on SEC EDGAR ↗. 8-K briefs of other companies →