MAXIMUS Inc. (MMS), a provider of government services worldwide, reported a rise in second-quarter net income to $31.69 million, or $0.91 a share, from $14.27 million, or $0.41 a share last year. Quarterly income from continuing operations, net of taxes, was $31.71 million, or $0.91 per share, and included pre-tax income of $10.9 million, or $0.19 per share, related to the prior disclosed contract termination.
In the recent quarter, adjusted earnings per share from continuing operations totaled $0.72. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.70 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue the second quarter grew 34% to $326.4 million, from $243.45 million reported a year back, driven by the PSI acquisition, growth on existing contracts and new work. Analysts estimated revenues of $310.13 million for the quarter. The second quarter of fiscal 2013 included $16.0 million of non-recurring revenue from an earlier disclosed contract termination; excluding this, revenue went up 27%.
In addition, MAXIMUS backed its fiscal 2013 guidance, still anticipating revenue to range between $1.25 billion and $1.30 billion and adjusted earnings per share from continuing operations between $3.00 and $3.15. Analysts project annual earnings per share of $3.12 and revenue of $1.29 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.