- MAXIMUS press release ( NYSE: MMS ): Q1 Non-GAAP EPS of $0.94 beats by $0.18 .
- Revenue of $1.25B (+8.7% Y/Y) beats by $100M .
- The company is raising revenue and earnings guidance for fiscal year 2023 following the restart of Medicaid redeterminations scheduled to begin in the third quarter. Fiscal year 2023 revenue is now expected to range between $4.85 billion and $5.0 billion with adjusted diluted earnings per share between $4.00 and $4.30 per share.
- A quarterly cash dividend of $0.28 per share is payable on February 28, 2023, to shareholders of record on February 15, 2023.
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Raising FY23 Guidance- The company now expects revenue to range between $4.85 billion and $5.0 billion, compared to prior revenue guidance of between $4.75 billion and $4.90 billion.
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Adjusted operating income is expected to range between $415 million and $440 million, compared to a previous range between $390 million and $415 million.
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MAXIMUS Non-GAAP EPS of $0.94 beats by $0.18, revenue of $1.25B beats by $100M