Maximus Inc Sample Contracts

Maximus Inc – MAXIMUS Fiscal Second Quarter 2019 Earnings Conference Call May 9, 2019 Page 2 period last year, resulting from the rebid or extension of certain larger contracts. As a reminder, it is not unusual during a rebid or sole source extension that we work with our client to reach a pragmatic agreement that may include a revenue and profit reduction in order to retain the business. Oftentimes, this may be short term in nature, and over the life of the contract, we can improve revenue and profit through scope increases and operating efficiencies. Operating margin for the segment in the second quarter (May 13th, 2019)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: May 9, 2019 (May 13th, 2019)

(RESTON, Va. - May 9, 2019) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and six months ended March 31, 2019.

Maximus Inc – MAXIMUS Fiscal First Quarter 2019 Earnings Conference Call February 7, 2019 Page 2 segment. As we disclosed on the previous call, we reorganized our reporting segments on October 1, 2018, to be geographically based because this is the way we're managing performance, allocating resources and evaluating results. This shift is a response to changes in the markets we operate, with the increasing integration of Health and Human Services programs worldwide, as governments deliver services in a more holistic manner to their citizens. We filed a Form 8-K on December 14, to show our recasted financial (February 11th, 2019)
Maximus Inc – UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS (January 16th, 2019)

The following unaudited pro forma condensed combined financial statements combine the historical consolidated financial information of MAXIMUS, Inc. (the “Company”) and the financial statements of General Dynamics Information Technology's citizen engagement centers business (the “Acquired Business”), acquired by the Company on November 16, 2018. The unaudited pro forma condensed combined statements of operations for the year ended September 30, 2018, gives effect to the acquisition of the Acquired Business as if the acquisition had been consummated at October 1, 2017. The unaudited pro forma condensed combined balance sheet at September 30, 2018, gives effect to the acquisition of the Acquired Business as if the acquisition had been consummated on that date. The unaudited pro forma condensed combined financial statements were prepared using the acquisition method of accounting.

Maximus Inc – GENERAL DYNAMICS CONTACT CENTER BUSINESS (A Business of General Dynamics Corporation) UNAUDITED COMBINED FINANCIAL STATEMENTS FOR NINE MONTHS ENDED SEPTEMBER 30, 2018 AND OCTOBER 1, 2017 (January 16th, 2019)
Maximus Inc – MAXIMUS, Inc. SEGMENT INFORMATION (Amounts in thousands) (Unaudited) (December 14th, 2018)
Maximus Inc – MAXIMUS Fiscal Fourth Quarter 2018 Conference Call November 20, 2018 Page 2 year 2018 as compared to 15.6% in fiscal year 2017. As mentioned on the call last quarter, revenue coming into the fourth quarter of fiscal year 2018 was tempered by forecasted changes on several sizable contracts that were rebid in one, extended, or option periods were exercised. For example, this includes the Health Assessment Advisory Service contract that reset on March 1, 2018. And while winning our rebids, and securing multi-year extensions provides a foundation that enables us to focus on long-term growth, new c (November 26th, 2018)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: November 20, 2018 (November 26th, 2018)

(RESTON, Va. - November 20, 2018) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months and year ended September 30, 2018.

Maximus Inc – ASSET PURCHASE AGREEMENT DATED AS OF OCTOBER 5, 2018 BY AND AMONG GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC., MAXIMUS FEDERAL SERVICES, INC., AND SOLELY FOR PURPOSES OF Section 12.18, MAXIMUS, INC. (October 9th, 2018)

This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of October 5, 2018 is made by and among General Dynamics Information Technology, Inc., a Virginia corporation (the “Seller”), MAXIMUS Federal Services, Inc., a Virginia corporation (the “Buyer”), and, solely for purposes of Section 12.18, MAXIMUS Inc., a Virginia corporation (“Maximus”).

Maximus Inc – MAXIMUS Signs Definitive Agreement to Acquire U.S. Federal Citizen Engagement Centers for $400 Million in Cash - Acquisition Strengthens the Company’s Position in the Administration of (October 9th, 2018)

This acquisition is a natural fit for MAXIMUS and expands its reach in the delivery of citizen services. The acquisition enables greater economies of scale and brings enhanced technology and added operational capabilities that will benefit the entire MAXIMUS portfolio.

Maximus Inc – MAXIMUS Fiscal 2018 Third Quarter Conference Call August 9, 2018 Page 2 the third quarter, but the related costs were incurred in prior periods. This resulted in third quarter operating income of $8.26 million yielding an operating margin percentage of 13.8 percent in diluted earnings per share of 91 cents. The change order benefit was partially upset by certain large contracts in the health segment that were recently renewed and reset as well as by the ongoing startup of contracts in the human services segment. The operating margin of 12.7 percent for the nine months ended June 30, 2018 refle (August 13th, 2018)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: August 9, 2018 (August 13th, 2018)

(RESTON, Va. - August 9, 2018) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and nine months ended June 30, 2018.

Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: May 10, 2018 (May 14th, 2018)

(RESTON, Va. - May 10, 2018) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and six months ended March 31, 2018.

Maximus Inc – MAXIMUS Fiscal 2018 Second Quarter Conference Call May 10, 2018 Page 2 As mainstream employment services programs come to an expected end, we are pivoting toward providing a more holistic set of health and employment services to vulnerable populations with disabilities in complex health conditions. Better than expected income tax rates in the quarter offset the aforementioned restructuring costs. As a result, diluted earnings per share were $0.84 for the second quarter of fiscal 2018. I will now speak to segment results, starting with the Health Services Segment. Second quarter revenue for the (May 14th, 2018)
Maximus Inc – MAXIMUS Fiscal 2018 First Quarter Conference Call February 08, 2018 Page 2 Total company operating margin improved 70 basis points to 12.8 percent compared to the same period last year. Overall, the Tax Cuts and Jobs Act will have a long term favorable impact to our earnings and cash flow. Slide number four in our accompanying PowerPoint presentation illustrates how tax reform benefitted the first quarter of fiscal 2018 and impacts for the full year. The lower U.S. federal blended rate of 24.5 percent was the primary driver of reducing our effective tax rate to 24.9 percent for the first quart (February 12th, 2018)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: February 8, 2018 (February 12th, 2018)

(RESTON, Va. - February 8, 2018) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months ended December 31, 2017.

Maximus Inc – AND CONFIDENTIALITY AGREEMENT (amended and restated effective as of April 1, 2018) (January 16th, 2018)

THIS AMENDED AND RESTATED EMPLOYMENT, NON-COMPETE AND CONFIDENTIALITY AGREEMENT ("Agreement"), is entered into between Richard A. Montoni (the "Employee") and MAXIMUS, Inc., a Virginia corporation with its principal place of business in Reston, Virginia (the "Corporation") with reference to the following:

Maximus Inc – EXECUTIVE EMPLOYMENT, NON-COMPETE (January 16th, 2018)

THIS EXECUTIVE EMPLOYMENT, NON-COMPETE AND CONFIDENTIALITY AGREEMENT (this "Agreement"), is entered into as of the date set forth on the signature page (the “Execution Date”) by and between Bruce L. Caswell (the "Executive") and MAXIMUS, Inc., a Virginia corporation with its principal place of business in Reston, Virginia (the "Corporation") with reference to the following:

Maximus Inc – THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (November 20th, 2017)

THIS THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “Amendment”), dated as of September 22, 2017, is made by and among MAXIMUS, INC., a Virginia corporation (the “Borrower”), the several banks and other financial institutions and lenders party hereto (the “Lenders”), and SUNTRUST BANK, in its capacity as administrative agent (the “Administrative Agent”) for the Lenders (as defined in the Credit Agreement), as issuing bank (the “Issuing Bank”) and as Swingline Lender (the “Swingline Lender”), and MAXIMUS FEDERAL SERVICES, INC., a Virginia corporation (“MAXIMUS Federal”), MAXIMUS HUMAN SERVICES, INC., a Virginia corporation (“MAXIMUS Human”), MAXIMUS HEALTH SERVICES, INC., an Indiana corporation (“MAXIMUS Health”), PSI SERVICES HOLDING INC., a Delaware corporation (“PSI Holding”), POLICY STUDIES INC., a Colorado corporation (“PSI”), ACENTIA, LLC, a Maryland limited liability company (“Acentia”), OPTIMOS, LLC, a Maryland limited liability company (“Optimos”), 202

Maximus Inc – MAXIMUS Fiscal 2017 Fourth Quarter Conference Call November 9, 2017 Page 2 This was offset by the expected declines from our US federal services segment as a result of a large contract that came to an end in April 2017. Total company operating margin for fiscal 2017 was good and increased 90 basis points to 12.8% compared to last year. As expected, net income and GAAP diluted earnings per share for fiscal 2017 were favorably impacted by lower income tax rates, resulting from research and development tax credits related to tax returns for years prior to fiscal 2017 that were recorded in the thi (November 13th, 2017)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: November 9, 2017 (November 13th, 2017)

(RESTON, Va. - November 9, 2017) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months and year ended September 30, 2017.

Maximus Inc – MAXIMUS Fiscal 2017 Third Quarter Conference Call August 3, 2017 Page 2 In addition, revenue in the health services segment was somewhat tempered by our previously disclosed decision not to rebid a contract as well as a pending change order. I will provide more details about the change order in the segment discussion. Total company operating margin for the third quarter of fiscal year 2017 remained robust at 13.6 percent. For the third quarter of fiscal year 2017, net income attributable to MAXIMUS was $56.9 million. GAAP diluted earnings per share were 86 cents and better than expected. The o (August 7th, 2017)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: August 3, 2017 (August 7th, 2017)

(RESTON, Va. - August 3, 2017) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and nine months ended June 30, 2017.

Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: May 4, 2017 (May 8th, 2017)

(RESTON, Va. - May 4, 2017) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and six months ended March 31, 2017.

Maximus Inc – MAXIMUS Fiscal 2017 Second Quarter Conference Call May 04, 2017 Page 2 Total company operating margin for the second quarter of fiscal year 2017 was strong at 12.9 percent. For the second quarter of fiscal year 2017, net income attributable to MAXIMUS was $52.5 million. GAAP diluted earnings per share were 80 cents, which is better than expectations. This was principally due to favorable results from several volume based contracts. As a reminder, last year's second quarter included out of period revenue and pre-tax income of $15.2 million or 16 cents of diluted earnings per share. This was rel (May 8th, 2017)
Maximus Inc – MAXIMUS, INC. 2017 EQUITY INCENTIVE PLAN (March 14, 2017) (May 4th, 2017)

The Plan is effective as of the Effective Date, as defined in Article 2, which was the date approval by the Company’s shareholders was obtained, and will remain in effect as provided in Section 1.3 hereof.

Maximus Inc – MAXIMUS First Quarter Fiscal Year 2017 Earnings Call February 9, 2017 Page 2 When comparing to the prior year period, it is important to remember that results in the health segment were negatively impacted by the timing of a change order that was pushed into the second quarter of last year. As a reminder, we recognized the costs in the first quarter, but did not record the associated revenue of approximately $8.6 million and earnings of approximately $0.08 per share until the change order was signed in the second quarter of fiscal year 2016. As mentioned in this morning’s press release, we rea (February 13th, 2017)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: February 9, 2017 (February 13th, 2017)

(RESTON, Va. - February 9, 2017) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months ended December 31, 2016.

Maximus Inc – MAXIMUS Fourth Quarter 2016 Earnings Call November 10, 2016 Page 3 available to all Americans. He has also emphasized his support for block grant funding for states to use for programs like Medicaid and the potential removal of certain federal mandates. This potential change to funding and governance mechanics enhances the overall flexibility that states can bring to bear in shaping certain benefit programs. As a result of these drivers, macro population trends, republicans’ higher propensity towards public-private partnerships, and an emphasis on increased state control of programs, we believ (November 14th, 2016)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: November 10, 2016 (November 14th, 2016)

(RESTON, Va. - November 10, 2016) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months and year ended September 30, 2016.

Maximus Inc – MAXIMUS Fiscal 2016 Third Quarter Conference Call August-04-2016 Page 2 This morning, MAXIMUS reported financial results for the third quarter of fiscal year 2016. All things considered, MAXIMUS delivered a solid quarter of financial results led by our Health Services Segment. But, first, I want to review two unusual items that occurred in the third quarter. During the third quarter, the company sold its K-12 education practice. This software oriented non-core business was part of the Human Services Segment. As a result, MAXIMUS recorded a pretax gain on the sale of $6.5 million, which after-t (August 8th, 2016)
Maximus Inc – FOR IMMEDIATE RELEASE CONTACT: Lisa Miles 703.251.8637 lisamiles@maximus.com Date: August 4, 2016 (August 8th, 2016)

(RESTON, Va. - August 4, 2016) - MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three and nine months ended June 30, 2016.

Maximus Inc – MAXIMUS Fiscal 2016 Second Quarter Conference Call May-05-2016 Confirmation #13636167 Page 2 This morning MAXIMUS reported financial results for the second quarter of fiscal year 2016. Results in the quarter reflected steady progress on our programs in start-up as well as solid organic growth. For the second quarter of fiscal year 2016, total company revenue grew 26% to $606.5 million compared to the same period last year. This was comprised of organic revenue growth of 13% which was driven by the Health Services Segment, acquired revenue growth of 15%, and total company revenue was unfavorabl (May 9th, 2016)
Maximus Inc – MAXIMUS Fiscal 2016 First Quarter Conference Call February 4, 2016 Confirmation #13629051 Page 2 providing meaningful period to period comparisons. For reconciliation of the non-GAAP measures presented in this document, please view the company's most recent quarterly earnings press release. And with that, I'll hand the call over to Rick. Mr. Rick Nadeau: Thanks, Lisa. This morning MAXIMUS reported financial results for the first quarter of fiscal year 2016. As noted in the press release, we had a pending change order at December 31, 2015 related to a state health contract, where we’re already (February 9th, 2016)
Maximus Inc – FIRST AMENDMENT TO THE MAXIMUS, INC. 2011 EQUITY INCENTIVE PLAN (December 21st, 2015)

WHEREAS, MAXIMUS, Inc., a Virginia corporation (the “Company”), has established and maintains the MAXIMUS, Inc. 2011 Equity Incentive Plan (the “Plan”); and