Maximus, Inc. (NYSE:MMS) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET
Company Participants
Jessica Batt - Vice President, Investor Relations & ESG
David Mutryn - Chief Financial Officer
Bruce Caswell - President and Chief Executive Officer
Conference Call Participants
Charlie Strauzer - CJS Securities
Bert Subin - Stifel
Operator
Greetings and welcome to the Maximus Fiscal 2024 Second 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. [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 Ms. 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 believe, it may be informative to investors engaging 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. Our second quarter results were exceptionally strong, driving the second consecutive raise to our fiscal 2024 guidance. Demand remains high across our programs, which elevated volumes this quarter and perhaps more importantly, is indicative of stability returning following the disruptive years of the pandemic. We are also acutely focused on cost management, which had a positive impact to this quarter and has added potential to further improve our bottom-line in future periods.
Turning to results, Maximus reported revenue of $1.35 billion for the second quarter of fiscal year 2024, which represents 11.7% year- over-year growth or 12.6% on an organic basis.