Annual report pursuant to Section 13 and 15(d)

Quarterly information (unaudited)

v3.19.3
Quarterly information (unaudited)
 12 Months Ended
Sep. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly information (unaudited) Quarterly information (unaudited)
Set forth below are selected quarterly consolidated statements of operations data for the fiscal years ended September 30, 2019 and 2018. We derived this information from unaudited quarterly financial statements that include, in the opinion of our management, all adjustments necessary for a fair presentation of the information for such periods. Results of operations for any fiscal quarter are not necessarily indicative of results for any future period.
Earnings per share amounts are computed independently each quarter. As a result, the sum of each quarter's earnings per share amount may not equal the total earnings per share amount for the respective year.
  Quarter Ended
  Dec. 31, 2018 March 31,2019 June 30,2019 Sept. 30,2019
  (In thousands, except per share data)
U.S. Health and Human Services $ 294,213    $ 290,737    $ 291,132    $ 300,406   
U.S. Federal Services 216,987    289,736    292,295    312,179   
Outside the U.S. 153,419    156,047    147,283    142,381   
Revenue $ 664,619    $ 736,520    $ 730,710    $ 754,966   
U.S. Health and Human Services $ 88,031    $ 86,260    $ 86,664    $ 83,154   
U.S. Federal Services 47,985    60,696    66,803    66,586   
Outside the U.S. 23,249    22,466    20,780    18,510   
Gross profit $ 159,265    $ 169,422    $ 174,247    $ 168,250   
U.S. Health and Human Services $ 55,892    $ 56,860    $ 54,250    $ 53,832   
U.S. Federal Services 21,353    29,592    33,907    31,090   
Outside the U.S. 4,441    4,474    4,989    2,157   
Amortization of intangible assets (5,458)   (9,519)   (9,049)   (9,028)  
Acquisition-related expenses (2,691)   —    —    —   
Other/corporate 599    394    (503)   (475)  
Operating income $ 74,136    $ 81,801    $ 83,594    $ 77,576   
Net income $ 55,723    $ 61,766    $ 62,965    $ 60,041   
Net income attributable to MAXIMUS $ 55,913    $ 61,924    $ 62,898    $ 60,089   
Basic earnings per share attributable to MAXIMUS $ 0.86    $ 0.96    $ 0.98    $ 0.93   
Diluted earnings per share attributable to MAXIMUS $ 0.86    $ 0.96    $ 0.97    $ 0.93   
  Quarter Ended
  Dec. 31, 2017 March 31,2018 June 30,2018 Sept. 30,2018
  (In thousands, except per share data)
U.S. Health and Human Services $ 304,241    $ 306,249    $ 314,477    $ 288,944   
U.S. Federal Services 132,983    116,327    112,226    117,375   
Outside the U.S. 185,924    190,211    171,152    152,127   
Revenue $ 623,148    $ 612,787    $ 597,855    $ 558,446   
U.S. Health and Human Services $ 84,231    $ 86,586    $ 101,425    $ 87,382   
U.S. Federal Services 33,358    27,374    32,276    33,690   
Outside the U.S. 34,371    34,843    20,983    17,866   
Gross profit $ 151,960    $ 148,803    $ 154,684    $ 138,938   
U.S. Health and Human Services $ 49,426    $ 49,970    $ 67,043    $ 52,195   
U.S. Federal Services 16,710    9,834    14,877    15,965   
Outside the U.S. 16,265    16,440    4,208    (945)  
Amortization of intangible assets (2,718)   (2,603)   (2,525)   (2,462)  
Restructuring costs —    (2,320)   —    (1,033)  
Acquisition-related expenses —    —    —    (947)  
Other/corporate —    —    (1,032)   (865)  
Operating income $ 79,683    $ 71,321    $ 82,571    $ 61,908   
Net income $ 59,952    $ 55,106    $ 60,242    $ 45,516   
Net income attributable to MAXIMUS $ 59,091    $ 55,492    $ 59,861    $ 46,307   
Basic earnings per share attributable to MAXIMUS $ 0.90    $ 0.84    $ 0.91    $ 0.71   
Diluted earnings per share attributable to MAXIMUS $ 0.89    $ 0.84    $ 0.91    $ 0.71