MAXIMUS Reports Fiscal Year 2018 Third Quarter Results

- Company to Increase Quarterly Cash Dividend to $0.25 per Share -

Thursday, August 9, 2018 6:33 am EDT



MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and nine months ended June 30, 2018.

Highlights for the third quarter of fiscal year 2018 include:

  • Revenue of $597.9 million compared to $600.4 million reported for the same period last year
  • Diluted earnings per share of $0.91 compared to $0.86 for the same period last year
  • Cash flows from operations of $72.5 million and free cash flow of $64.1 million
  • Year-to-date signed contract awards of $2.0 billion and contracts pending (awarded but unsigned) of $779.4 million at June 30, 2018
  • Sales pipeline of $2.9 billion at June 30, 2018
  • An expansion of the Company's share repurchase program of up to $200 million and the purchase of 995,000 shares in the quarter
  • Today, the Company announced a significant increase to the quarterly cash dividend from the current payout of $0.045 per share to $0.25 per share, which is a yield of approximately 1.5%, effective November 2018.

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Barron’s 400 Selection

MAXIMUS has been selected to the Barron’s 400 Index for at least two
consecutive years. The Index selects the top 6% of all publicly traded
companies in North America based on their fundamental soundness and
overall attractiveness to investors. Approximately 1.5% of all companies
in North America remain in the list for two consecutive years.