Bruce L. Caswell
good Thanks, Jessica, morning. and
start took Office Federal Government first Operations subsequently best CCO Marketplace and I case the have the share of call.
I'll the today, my believe have the weeks to the outcome. the X occurred Federal what Court as Claims. CMS offer early recompetes the in first and of to I'll recompete favorable navigate November first, with Accountability for on administration.
But that like to was year-end known the we XX highly to objected the first with contract, I'd to the our or positive strong government faced new developments the Maximus' Center and as basis that The and in recompete our perspective quarter position we of you contract.
We attempted the recap business government We services results also for since Contact large X-XXX-MEDICARE our withdrew
re-awarded clearing available using November, the enabled successfully current the or operating, Disability and announced procurement, expect veteran XXXX were month, government as to way periods.
Then, of and continue we election X MDE on canceled thereby which the X our our contract option the through for in uninterrupted. Following late the VA last community for to Medical we to our VBA year support successor contracts work. January the the continue Examination the began These contracts it
U.S. be volatility the of again in who recognized for is divestiture completed proven with employees.
This goal profitability reshaping improve through XXXX provider has beyond. committed Australia resided employment that in year to previously fiscal are pleased had divestiture the the segment to and we businesses to and a of have and important area Korea an this reducing Next, worked our an the and business, recent services segment. our expected in excellent to the South We Outside achieves home of
to Finally, to the as on an he repurchase announced of front.
I'd latest program. activity for of we Directors share the David will share that positioned new continue a lie may that to partner current opportunities government. business speaks now to being This of Board to results, financial increase million go how uniquely as our When in our well to authorized like value turn mid-December, $XXX book is as ahead. proven to Maximus added both
to are we the as new the as administration well which the business, believe we well priorities During equipped respond. to of core the we've insights transition witnessed of period, our to early durability as
are Veterans and events demonstrate to the benefits durable benefit bipartisan pause federal support.
Medicare programs, federal of on their tied side and temporary and recent positions prime under related a our veterans While the that Social instituted recent and that programs. government portfolio Security.
Separately, agency related entitlement was Medicare, we civilian loan Office we Management others which One examples, and distribution Budget of the criticality broad freeze mandatory its predominantly Benefits of of hiring state grant, government. exempted Disability other to serve assistance spending the programs benefits to administered well-established and civilian is employees, requiring and witnessed have financial
freeze has funding mandatory programs the like excluded.
In policy that was rescinded, OMB Medicare While and clarified Medicaid ultimately to for can benefits believe already to that resilience. contribute business introduce demonstrated a we Americans, major and core record fast-moving had environment state direct uncertainty providing explicitly companies, including that our and programs were that its has some programs our track desirable federal ambiguity across characteristics
an to areas respond as our Government efficient I've attention, earned and ongoing evolving to mentioned, is beyond receiving area view, Efficiency, our provider, core course, of positions of program the customers service of our priorities needs the new the DOGE. and Looking Department accountable reputation in administration.
One benefit the well us or of
we the the software with to maximize modernization achieve that of purpose software development, and innings, the legacy early administration to renamed the view, initiative and Service, Digital efficiency infrastructure technical among in experience still know systems. the of President talent IT USDS in to, implementing Executive our Office federal government stated in executive in include, you establishing the established technology partner objectives, critical the with order Maximus now and agencies to bring federal previously the quote, to As or well governmental tier as its to network technology DOGE demonstrated "modernizing USDS States the are services.
The United and DOGE The in updates importance productivity."
In United to the DOGE States in XXXX resides was the recognizing modernization goals are areas capabilities needed improve known the objective top other Service. of of aligned and USDS, this software
for examining state that, has some plans for spending levers states, in of and reductions developing block requirements. and our been to U.S. business, per ranging written to potential include through reduce FMAP include the or much to person about changes turning are from eligibility Federal level Services grants. Finally, spending caps level reserves accessing may Medicaid turn, the others contingency Many
know changes to that on early proposed any, observations policy too business. our dynamics it's proceed, if which, offer will Medicaid I'll X While characterize the
as needs in increase eligible experience many engagement, our anticipate to changes our become may collaboratively steps longer Medicaid than sustained.
We when member verify work in consumers exchanges and potential tailor on varying no consumers to state Most our policy see rate such different desired consumer changes First, addressing of solutions outcomes. administer to are volume a per contracts rather month.
And second, enrolled is opportunity engagement based perform, with will largest our generally our deep in flat to eligibility, Medicaid, those for based we state the volumes. approaches we per apply of activity states take of to requiring states, them also with and meaning their which
share I'll that our on wins evidence Let's our X turn recent execution provide X to X to of and further year awards, strategy.
XX, $XX capabilities, value our all with environment. services First, reported selected of privacy data and Experience Total Reserve years contact we operations, to provide SOC self center announced and been Reserve contact modernized or Governors award including be Federal need Management Total delivered in the a meeting contract in to options is balance of to December were over service XXXX. is the X million compliant by System TXM our requirements unsigned are award technology-enabled at pleased Board of strict in center through recently have FedRAMPed and Federal solution.
The
exceptionally needs citizens Maximus a services performance period, expanded shared computing, the NETL, team, operations and including insights secure, also the year Valued the Through of excited in platform. Union or agencies, performance Department provide agreements future.
I'm meet business benefit to IT our National Technology the of development in high our services AI/ML ongoing professional areas effectively, TCS and maintenance.
Delivered proud the Consulting part cost Services win modernization, contract research at enables research NETL Energy. a services through will X by federal to infrastructure, to and with of including and and Laboratory, solution TCS from to core anticipated TXM reflect agencies leverages portfolio $XXX value multi-channel, capabilities qualified Administration or in management I'm TXM the support Our Technology data at Insurance strong Credit IT it could NETL's Federal that a cloud-based and the our recent National Federal and cyber and operation million enterprise, enterprise data team of AI/ML. of total is Deposit of the reach other who's infrastructure. potential complex cyber, maintenance announce Energy Corporation
an step this was healthy trailing there Let's reporting not yet the and again when awards of up total X.Xx were to September XXXX XX our activity X.Xx of improved this go billion XX tracks reporting year in million measured expectations year.
A about up after MDE $XXX rebid our quarter fiscal Pipeline. using Further awarded, successful This translate had or of standard signed.
These in quarter. preceding the metric book-to-bill to and rebid awards In driver into first for periods. the been fiscal approximately a book-to-bill key a represents lower for worth $X.X contracts, our picking that for in award volumes demonstrating the but contracts recompete signed month at December XX, from the contract the at value. totaled quarter period, of awards
quarter, slightly As deal the also forecasting tracking year, and flow optimistic our to while of cautious point awards we're schedules.
We to about maintain pleased far, we approach second to midway thus our I'm see the expected that solicitations flow. approach this continuing being
XX was September compared contracts. of for Our had $XX.X the pipeline at sales reported rebid The the early total CCO December to included billion period XX. opportunities at billion prior and pipeline recompete figure of MDE $XX.X the
of tracking. in current proposals current pipeline billion new largely driven in opportunities work. start of $X.X reduction and approximately Of billion the $XX.X preparation billion is the So remarks.
The $X.X successes at proposals is our my in pending, pipeline, discussed the comprised by represents in XX% approximately
of U.S. XX% attributable the billion to $XX.X segment. is our pipeline Federal total Additionally, Services
balanced ensure We portfolio aims partners and sector, using segments. priority, while approach the we to state a administration remain on a sector diversified the and federal technology responsibly where believe U.S. well-managed will and program opportunities. a maintaining Federal mix private cost-effective of to exposure This are continuing focus modernization across
company years, in greater our which Over leading agility to organizational we've the past innovate. a few evolved, and ways to ability has culture heightened communicated
infrastructure investment Forward, our priorities to Pledger, our the to strategy to adhere Maximus full AI-driven the a use operations and excited this processes, are an our to resources, solutions ensuring accelerator provide to of AI announce AI Maximus and reinvestment development the ensure Derrick help efficient the address designed across data transparently data technology deployment talent accelerator development accountability and established to goals our pilots to frameworks and and AI our potential promote to to our providing business, acquisition the established necessary Digital and they innovation.
Reflecting the to while Maximus is capabilities, our capital spirit, Information operations.
The steps principles. and AI example, and from and been Chief and our Forward governance an is while to As taking more AI venture initiative of structures our harness positive development government challenge and has I'm speed in and group to of from for inaugural commitment to forum advance that via with Central function. solutions implemented up regulations.
In guidelines Ventures, corporate AI ethically, responsible scale, Officer,
will developing human-in-the-loop with assessment specific services. a is company partnering to AI that be We clinical capabilities
unique government complex increased vehicles, our wishing our auditable, structured bringing and governments drive assessments for contract to outsiders. access partner relationships clinicians allows fully technology an health technology support state manner believe clients.
We are in investment with health to positioning is markets federal We've designed these on the objective programs quality challenging attractive nature and that financial companies while us makes a to differentiating large where that clinical our innovative of evaluations. effective to contracting government an start-ups existing and is and performance timely, and Our our for for
and In driving on also its our Maximus delivery, in addition new venture service access efficiency helping to to proven, government investments. gain focused ethical is safe through technologies
VA, and secure our new David, clients an policy teams over congratulate supporting on wins, strong year. to excellent contracts our and our start consistent fiscal call to our on to the to turn like focused start I'd priorities to continue as MDE I With a the fueled evolve. teams operational execution by are contract now CCO Before while
toward like represent, tilts that, risks to call over we, continue we David. and the of the overall, our the balance unknowns I'll While peers, face believe with turn they opportunity.
And many to
