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Maximus NYSE: MMS raised its fiscal 2026 earnings outlook for the second consecutive quarter after reporting second-quarter results that management said reflected stronger profitability, operating efficiencies from automation and artificial intelligence, and increased capital deployment toward share repurchases. The government services company reported second-quarter revenue of $1.31 billion, which CFO David Mutryn said was consistent with expectations and on track with the company’s full-year revenue guidance. Adjusted EBITDA margin was 14.4%, compared with 13.7% in the prior-year period, while adjusted earnings per share rose to $2.07 from $2.01. Mutryn said the quarter showed “clear evidence” that technology investments are contributing to bottom-line returns. He pointed to automation and AI tools as drivers of margin improvement, including in a dispute resolution program for a government customer where automation has created operating leverage.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
