Solid Revenue and Growth
Reported revenue of $1.36 billion for Q2, representing 3% organic growth year over year. Adjusted EBITDA margin was 13.7%, which is at the upper end of the near-term guidance range.
Innovative Technology Implementations
Implemented AI solutions for federal contracts such as the No Surprises Act and the Department of Veterans Affairs, enhancing process efficiency and reducing manual effort.
Recognition for Innovation
Maximus was recognized by Fortune as one of America's most innovative companies, highlighting its use of AI and advanced analytics to improve government services.
Strong Segment Performance
U.S. Federal Services segment revenue increased by 10.9%, driven by strong performance in clinical assessments.
Guidance Raised
Fiscal year 2025 guidance increased to a range of $5.25 billion to $5.4 billion in revenue and an adjusted EPS range of $6.30 to $6.60 per share.
Positive Developments in Outside The U.S. Segment
Achieved mid-single-digit organic growth in the Outside The U.S. segment, driven by the UK business and the new functional assessment services contract.