Operator

Greetings, and welcome to the Maximus Fiscal 2026 Second Quarter Earnings Conference Call.

[Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, James Francis, Vice President of Investor Relations. Thank you. You may begin.

James Francis
Vice President of Investor Relations

Good morning, and thanks for joining us. With me today is Bruce Caswell, President and CEO, and David Mutryn, CFO. I would like to remind everyone that a number of statements being made today 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 Form 10-K. We encourage you to review the information contained in our recent filings with the SEC and our earnings release. The company does not assume any obligation to revise or update these forward-looking statements to reflect subsequent events or circumstances, except required by law.

Today's presentation also contains non-GAAP financial information. 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
CFO & Treasurer

Thanks, James, and good morning. I would characterize our completed second quarter in 3 ways: first, strong execution with the sequential step-up to profitability we anticipated; second, clear evidence that our technology investments are contributing to bottom line returns as reflected in our improved full year earnings outlook; and third, increased capital deployment towards share repurchases, given our view that our shares have been trading