MMS » Topics » Outlook

This excerpt taken from the MMS 8-K filed Nov 16, 2009.

Outlook

MAXIMUS expects fiscal 2010 revenue in the range of $790 million to $810 million. The Company is introducing fiscal 2010 earnings guidance in the range of $3.05 to $3.15 per diluted share, which compares to adjusted earnings from continuing operations for fiscal 2009 of $2.91.

Mr. Montoni concluded, “We expect meaningful revenue and earnings growth in 2010 as we benefit from new awards and the expansion of existing programs. This growth is expected to accelerate as these programs ramp in fiscal 2010. Our services are valued in the marketplace, both domestically and abroad where governments are increasingly in need of experienced providers to address legislative and program changes, as well as increasing demand for public services. The many dedicated and talented MAXIMUS employees look forward to working with our government clients in the coming year and beyond to assist with their challenges and respond to new opportunities.”

This excerpt taken from the MMS 8-K filed Aug 7, 2009.

Outlook

MAXIMUS reiterates expected fiscal 2009 revenue in the range of $745 million to $755 million and earnings in the range of $2.75 to $2.85 per diluted share, excluding the positive impact of the legal and settlement recovery of $0.16 per diluted share. The Company also reiterates its guidance for operating cash flow from continuing operations of $35 million to $45 million in fiscal 2009.

For fiscal 2010, the Company is maintaining its preliminary fiscal 2010 revenue growth estimate of 7%, based on the midpoint of its fiscal 2009 revenue guidance, driven by its new business wins to date. This preliminary estimate includes both the benefit of today’s announced UK agreement as well as reduced contributions from a limited number of domestic projects due to recent program reductions, primarily in California.


“We remain encouraged by our revenue growth outlook for fiscal 2010,” Mr. Montoni concluded. “While we have yet to complete our budget planning process for the coming year, we believe that our preliminary outlook reflects our strong prospects and anticipated performance of our base business, which has experienced a limited impact from government spending reductions. Additional revenue upside to our outlook may be possible depending on the continued resilience of our base business and our ability to secure new work. Most importantly, we will continue our disciplined approach to execution and risk management to deliver profitable growth in our core health and human services markets.”

This excerpt taken from the MMS 8-K filed May 8, 2009.

Outlook

During the fiscal 2009 third and fourth quarters, MAXIMUS expects start-up expenses resulting from new wins and will defer revenue tied to outcome-based work on its expanded Australian employment services project, which, in total, is estimated to be approximately $0.20 per diluted share. In addition, MAXIMUS has slightly reduced its outlook for its Consulting Segment. As a result, MAXIMUS now expects fiscal 2009 revenue to be in the range of $745 million to $755 million and earnings per share in the range of $2.75 to $2.85. The Company is reiterating its guidance for cash flow from continuing operations of $35 million to $45 million in fiscal 2009, before any additional insurance reimbursements.

This excerpt taken from the MMS 8-K filed Feb 9, 2009.

Outlook

The Company is reiterating its fiscal 2009 earnings forecast of $3.00 to $3.15 per diluted share. As a result of timing on contracts, including the start of a large rebid contract which began January 1, the Company expects its fiscal 2009 second quarter earnings to decline slightly from its first fiscal quarter, with a return to earnings growth in both operating segments in the second half of the year driven by new work and seasonality. For the full fiscal year, MAXIMUS now expects to be at the lower end of its revenue range of $750 million to $775 million as a result of project delays which may be offset by a modest contribution in the latter half of fiscal 2009 from new federal legislation.

This excerpt taken from the MMS 8-K filed Nov 21, 2008.

Outlook

The Company is updating its fiscal 2009 revenue guidance to reflect the strengthening of the U.S. dollar against foreign currencies. The Company now expects revenue for the full fiscal year from continuing operations in the range of approximately $750 million to $775 million. The Company is reiterating its bottom-line guidance of diluted earnings per share for fiscal 2009 of $3.00 to $3.15. This reflects the favorable impact of completed share repurchase activities to date, offset by the impact of foreign currency rates.

This excerpt taken from the MMS 8-K filed Aug 11, 2008.

Outlook

The Company is updating its revenue outlook for fiscal 2008 to exclude revenue from discontinued operations, which totaled approximately $13.2 million for the fiscal year through April 2008. The Company now expects revenue in the range of $815 million to $830 million for the full year. In addition, the Company has also refined its diluted earnings per share guidance to reflect the settlement provision of $0.24. MAXIMUS now expects that GAAP basis diluted earnings per share will be in the range of $2.30 to 2.35. This guidance excludes any gains or losses from potential future divestiture or restructuring activities.


Mr. Montoni concluded, “We are very encouraged with the overall pipeline of new opportunities, despite a challenging fiscal environment for state and local governments. While we continue to grow the business, we remain selective in the pursuit of new opportunities to enhance Company profitability. We are confident that our commitment to focus on our core business will provide future operational and financial benefits as we solidify our position as the leading pure play provider in the government health and human services market.

This excerpt taken from the MMS 8-K filed Nov 20, 2006.

Outlook

For fiscal 2007, the Company expects diluted earnings per share of $1.25 to $1.65, consisting of earnings of $2.10 to $2.20 from our recurring base business, offset by a wide range of an estimated pre-tax loss on the Texas project. Revenue for fiscal 2007 is estimated to increase from 5% to 10% or to $735 million to $770 million.

 

This excerpt taken from the MMS 8-K filed Nov 21, 2005.

Outlook

 

For fiscal 2006, the Company expects revenue and earnings growth to be in the range of 10% to 13%.  Revenue is expected to be in the range of approximately $710 million to $725 million.

 

In fiscal 2006, MAXIMUS will begin expensing stock options in accordance with FAS 123(R).  The Company estimates that if

 

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it had expensed options in fiscal 2005, the annualized impact would have been $0.16 per diluted share.  Earnings per share for fiscal 2005 also included legal settlement expense of $7.0 million, which reduced diluted earnings per share by $0.19.  Adjusting for these two items, fiscal 2005 diluted earnings per share of $1.67 would have been $1.70.  MAXIMUS has included a supplemental table in the press release which presents the impact of both of these items for fiscal 2005.   For fiscal 2006, the Company expects GAAP diluted earnings per share will be in the range of $1.87 to $1.92, representing 10% to 13% growth over the comparable fiscal 2005 baseline of $1.70.

 

This excerpt taken from the MMS 8-K filed Aug 3, 2005.

Outlook

 

For fiscal 2005, the Company is narrowing the range for its full year estimates.  The Company now expects revenue in the range of $635 million to $645 million and earnings per diluted share of $1.78 to $1.83.

 

Mr. Davenport concluded, “We are certainly pleased with results this quarter.  Moreover, the achievements realized against the Company’s six-point plan undertaken during fiscal 2005, along with our record sales of $1.1 billion new contracts signed, are a solid foundation for accelerating growth in fiscal 2006.”

 

The Company will host a conference call on Thursday, August 4, at 9:00 a.m. ET which is open to the public and can be accessed under the Investor Information page of the Company’s website at www.maximus.com or by calling:

 

800.552.8050(Domestic)/206.902.3258 (International)

 

For those unable to listen to the live call, a replay will be available through Thursday, August 11, 2005.  Callers can access the replay by dialing:

 

Replay: 800.207.7077 or 913.383.5767

PIN: 4188

 

MAXIMUS is one of America’s leading government services companies devoted to providing program management, consulting and information technology services.  The Company has more than 5,100 employees located in more than 280 offices in the United States, Canada and Australia.  In 1999, 2001, 2002, 2003, and 2004 MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year.  MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002.  Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.

 

Statements that are not historical facts, including statements about the Company’s confidence and strategies and the Company’s expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company’s products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company’s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (file number 001-12997) on May 9, 2005.

 



 

This excerpt taken from the MMS 8-K filed May 4, 2005.

Outlook

For fiscal 2005, the Company’s full year estimates remain unchanged with revenue in the range of $625 million to $650 million and earnings per diluted share of $1.78 to $1.88.   The Company’s outlook for the remainder of the year is based, in part, upon the realization of contingency-based awards and license fees, the timing of which can fluctuate.

 

Mr. Davenport concluded, “Over the past few quarters, we have worked to position our business to more effectively pursue larger opportunities which offer more predictability and leverage our core strengths.  Our strong pipeline and awarded backlog of business underscore our success in capturing these larger opportunities.  In our practice areas where performance tends to fluctuate, we have increased our cost management efforts to focus on improving profitability.”

 

The Company will host a conference call on Thursday, May 5th, at 9:00 a.m. ET which is open to the public and can be accessed under the Investor Relations page of the Company’s website at www.maximus.com or by calling:

 

800.480.6924 (Domestic)/706.634.5555 (International)

 

For those unable to listen to the live call, a replay will be available through Thursday, May 12th, 2005.  Callers can access the replay by dialing:

 

Replay:  800.642.1687 or 706.645.9291

Passcode: 5448206

 

MAXIMUS is one of America’s leading government services companies devoted to providing consulting, health and human services program management, and information technology services. The Company has approximately 5,100 employees located in more than 220 offices in the United States, Canada, and Australia.  In 1999, 2001, and 2002, MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.

 

Statements that are not historical facts, including statements about the Company’s confidence and strategies and the Company’s expectations about revenue, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company’s products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company’s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (file number 001-12997) on February 8, 2005.

 

This excerpt taken from the MMS 8-K filed Feb 2, 2005.

Outlook

 

For fiscal 2005, the Company’s full year estimates remain unchanged with revenue in the range of $625 million to $650 million and diluted earnings per diluted share of $1.78 to $1.88.  For the second fiscal quarter, the Company expects revenue to be comparable to its first fiscal quarter with earnings per diluted share in-line with current consensus estimates of approximately $0.44.

 

These estimates do not include the impact of expensing stock options as will be required under the new accounting standard effective July 1, 2005.  As disclosed in the Company’s Annual Report on Form 10-K, the expensing of options in fiscal 2004 would have reduced full year EPS by approximately $0.23.  MAXIMUS will begin expensing options in the fiscal 2005 September quarter.  The impact of adoption will depend on levels of options granted in the future.  However, the expected quarterly impact on fully diluted earnings per share will be approximately $0.05.

 

The Company will host a conference call on Thursday, February 3rd, at 9:00 a.m. ET which is open to the public and can be accessed by calling:

 

800.480.6924 (Domestic)/706.634.5555 (International)

 

For those unable to listen to the live call, a replay will be available through Friday, February 11th 2005 at midnight (ET).  Callers can access the replay by dialing:

 

Replay:  800.642.1687 or 706.645.9291

Passcode: 3684852

 

MAXIMUS is one of America’s leading government services companies devoted to providing consulting, health and human services program management, and information technology services. The Company has approximately 5,100 employees located in more than 220 offices in the United States, Canada, and Australia.  In 1999, 2001, and 2002, MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002.  Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.

 

Statements that are not historical facts, including statements about the Company’s confidence and strategies and the Company’s expectations about revenue, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company’s products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements and include reliance on

 



 

government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (file number 001-12997) on December 10, 2004.

 

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