| MAXIMUS, Inc. | |||
| Ticker: | MMS | 1356 Beverly Road | |
| Exchange: | New York Stock Exchange | McLean, VA 22101 | |
| Industry: | Service (SIC Code 8322) | (703) 734-4200 | |
| Type of Shares: | Common Shares | Filing Date: | 2/12/97 | |
| U.S. Shares: | 5,250,000 | Offer Date: | 6/13/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,550,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 1,700,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $73,500,000 | Selling: | $0.67 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Issuer's Law Firm: | Palmer & Dodge |
| Bank's Law Firm: | Winston & Strawn |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $103.11 | $37.24 | $16.70 | Assets: | $43.86 |
| Net Income: | $7.11 | $2.25 | $1.94 | Curr Assets: | |
| EPS: | $0.59 | $0.19 | Liabilities: | $14.20 | |
| Prior EPS: | $1.85 | $1.53 | Curr Liabilities: | ||
| Cash Flow/Oper: | $3.12 | Equity: | $29.65 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of program management and consulting services to government health and human services agencies in the United States. Since 1975, the company has been at the forefront of innovation in "Helping Government Serve the People (TM)." The company's services are designed to make government operations more efficient and cost effective while improving the quality of the services provided to program beneficiaries. The company applies and entrepreneurial, private sector approach incorporating advanced technology in large scale projects in almost every state in the nation. The company's leading position in the emerging private sector health and human services industry is reflected by the growth in its annual revenues from approximately $12 million in fiscal 1990 to over $100 million in fiscal 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of existing operations including opening new offices; acquiring related businesses and expanding the company's international operations; investing in systems infrastructure and new technologies; payment of undistributed S Corporation earnings; and general corporate purposes including working capital. |