- A margin mix shift due to an increase in new work performed for the United States Federal Government that is cost reimbursable and lower-margin, with typical operating margins between 4% and 6%
- Revenue that occurred in fiscal 2013 that is not expected to repeat in fiscal 2014, from certain contracts, primarily in the Health Segment
- A tax rate of 37% with the expectation that there will be an increased contribution of operating income from operations outside the United States
Montoni continued, “Further, we believe that demand for our services will continue to present significant short- and long-term business opportunities across both segments. We see many new emerging opportunities for our core health and human services capabilities in all of our geographies, but most notably outside the United States, where we are well-positioned to receive new work. We are also equally excited to further enhance our offerings in existing markets, such as the United Kingdom where we recently acquired Health Management, and set the platform for new growth engines for fiscal 2014 and beyond.”About MAXIMUS MAXIMUS is a leading operator of government health and human services programs in the United States, United Kingdom, Canada, Australia and Saudi Arabia. The Company delivers business process services to improve the cost effectiveness, efficiency and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Children's Health Insurance Program (CHIP), Health Insurance BC (British Columbia), as well as welfare-to-work and child support programs around the globe. The Company's primary customer base includes federal, provincial, state, county and municipal governments. Operating under its founding mission of Helping Government Serve the People ®, MAXIMUS has approximately 8,800 employees worldwide. For more information, visit www.maximus.com.