Maximus, Inc. (NYSE:MMS) Q1 2024 Earnings Call Transcript February 8, 2024 9:00 AM ET
Company Participants
Jessica Batt - VP of IR & ESG
David Mutryn - CFO
Bruce Caswell - President and CEO
James Francis - VP of IR
Conference Call Participants
Charlie Strauzer - CJS
Bert Subin - Stifel
Operator
Greetings, and welcome to Maximus' Fiscal 2024 First Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation station. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jessica Batt, Vice President of Investor relations and ESG for Maximus. Thank you. Mrs. Batt, you may begin.
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 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 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, and good morning.
We are pleased to report a strong first quarter as well as an improved outlook for margins, earnings and free cash flow for the full year. Our operational performance has been excellent, and our dedicated teams are meeting our customers’ increasing demand in complex areas including Medicaid redeterminations and veteran exams. The business is on solid footing with the ability to be resilient in an environment with budget uncertainty and capable of further margin expansion on top of demonstrated progress so far.