2023-05-03 17:33:31 ET
- MAXIMUS press release ( NYSE: MMS ): Q2 Non-GAAP EPS of $0.80 misses by $0.03 .
- Revenue of $1.21B (+2.5% Y/Y) beats by $10M .
- Record cash flows with cash provided by operating activities totaling $309.7 million and free cash flow of $291.6 million, enabling $275 million of debt reduction.
- Outlook: The company is maintaining revenue and earnings guidance for fiscal year 2023, with revenue expected to range between $4.85 billion and $5.0 billion vs. consensus of $4.94B and adjusted diluted earnings per share between $4.00 and $4.30 per share vs. consensus of $4.19.
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MAXIMUS reports mixed Q1 earnings; reaffirms FY23 outlook