Maximus Inc. (NYSE:MMS) Q3 2022 Earnings Conference Call August 4, 2022 9:00 AM ET
Corporate Participants
Jessica Batt - Vice President of Investor Relations and ESG
James Francis - Vice President, Investor Relations
Bruce Caswell - President and Chief Executive Officer
David Mutryn - Chief Financial Officer
Conference Call Participants
Charles Strauzer - CJS Securities
Operator
Greetings and welcome to the Maximus Fiscal 2022 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. Please note that the slides on today’s webcast are user driven.
It is now my pleasure to introduce your host, Ms. Jessica Batt, Vice President of Investor Relations and ESG for Maximus. Thank you. Ms. Batt, you please go ahead.
Jessica Batt
Good morning and thanks for joining us. With me today is Bruce Caswell, President and CEO; David Mutryn, CFO; and James Francis, Vice President of Investor Relations.
I'd like to remind everyone that a number of statements being made today will be forward-looking in nature. Please remember that such statements are only predictions. Actual events and results may differ materially, as a result of the risks we face including those discussed in Item 1A of our most recent Forms 10-Q and 10-K. We encourage you to review the information contained in our most recent filings with the SEC and our earnings press release.
The company does not assume any obligation to revise or update these forward-looking statements to reflect subsequent events or circumstances except as required by law. Today's presentation also contains non-GAAP financial information. Management uses this information internally to analyze results and believes it may be informative to investors in gauging the quality of our financial performance, identifying trends, and providing meaningful period-to-period comparisons. For a reconciliation of the non-GAAP measures presented, please see the company's most recent Forms 10-Q and 10-K.
And with that, I'll hand the call over to David.
David Mutryn
Thanks, Jessica.
This morning Maximus reported revenue for the third quarter of fiscal year 2022 which decreased approximately $118 million to $1.13 billion as compared to the prior year period. This is net of a $413 million decline of short-term COVID response work, which has largely concluded as expected. The decrease was offset by a combination of organic growth and acquired growth from acquisitions in the U.S. federal services segment.