Maximus, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Quarterly information (unaudited)

Quarterly information (unaudited)

12 Months Ended

Sep. 30, 2014

18. Quarterly information (unaudited)

Set forth below are selected quarterly statement of operations data for the fiscal years ended September 30, 2014 and 2013. 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.

As disclosed in Note 1, we have made certain reclassifications in our presentation of the statements of operations. These reclassifications have been made below and, accordingly, these results will be different from those previously reported.

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, 2013		March 31, 2014		June 30, 2014		Sept. 30, 2014
	(In thousands, except per share data)
Revenue	$	406,592	$	439,015	$	419,899	$	435,406
Gross profit		105,916		120,672		112,603		112,932
Net income		33,355		41,461		34,428		36,152
Net income attributable to MAXIMUS		33,859		41,207		34,138		36,236
Basic earnings per share	$	0.50	$	0.61	$	0.50	$	0.54


Diluted earnings per share	$	0.49	$	0.59	$	0.49	$	0.53

	Quarter Ended
	Dec. 31, 2012		March 31, 2013		June 30, 2013		Sept. 30, 2013
	(In thousands, except per share data)
Revenue	$	286,266	$	326,351	$	334,323	$	384,339
Gross profit		76,530		97,444		94,560		117,499
Net income		21,299		32,049		28,581		35,420
Net income attributable to MAXIMUS		21,316		31,689		28,100		35,626
Basic earnings per share	$	0.31	$	0.46	$	0.41	$	0.52


Diluted earnings per share	$	0.31	$	0.45	$	0.40	$	0.51

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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