GEO Group

The GEO Group, Inc. engages in the design, financing, development, and support services for secure facilities, processing centers, and community re-entry facilities. It operates through the following segments: U.S. Secure, Electronic Monitoring and Supervision, Reentry, and International Services. The U.S. Secure Services segment encompasses the United States-based public-private partnership corrections and detention business. The Electronic Monitoring and Supervision Services segment conducts its services in the U.S. The Reentry Services Segment consists of various community-based and reentry services. The International Services segment consists of public-private partnership secure services operations in Australia and South Africa. The company was founded by George C. Zoley in 1984 and is headquartered in Boca Raton, FL.

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GEO Group achieves record revenues and aims for debt reduction

GEO Group reported strong financial results in Q4 2022, with record revenues and profitability. The company aims to reduce debt and leverage while expanding its service offerings and exploring growth opportunities. Challenges lie in managing inflationary costs and navigating potential shifts in immigration policies.

GEO Group reports Q1 revenue growth, eyes international expansion

GEO Group's Q1 2023 showcased revenue growth driven by Electronic Monitoring, offset by net income challenges from higher interest expenses.
Strategic debt reduction efforts and focus on innovative solutions like VeriWatch device position the company for long-term stability and growth.

GEO Group surpasses Q2 expectations, eyes growth amid challenges

GEO Group's Q2 performance exceeded expectations, driven by revenue growth and strategic contracts. While facing challenges with participant counts and legal uncertainties, the company's focus on debt reduction and service quality positions them for stability. Opportunities in growth markets and policy changes provide avenues for future success.

GEO Group reports steady Q3 performance amidst revenue challenges

GEO Group showcased solid financial performance in Q3 2023 with renewed contracts and population growth, despite challenges in Secure Services revenue.
The company's focus on debt reduction, potential growth opportunities from the ISAP proposal, and pricing adjustments on state contracts highlight strategic resilience.
Operational challenges include rising labor and healthcare costs impacting margins, and decisions on facility utilization based on customer priorities.
Overall, GEO Group's performance reflects stability, adaptability to market dynamics, and a commitment to optimizing operational efficiency and shareholder value.

GEO Group reports strong Q4 performance amidst ICE challenges

GEO Group's Q4 2023 performance reflects resilience amidst challenges, with a focus on operational excellence, financial prudence, and growth opportunities.
The company's strengths lie in its diversified services platform, stable margins, and commitment to shareholder value through strategic initiatives.
Challenges include ICE funding uncertainties, policy changes, and technology evolution, requiring adaptability and strategic planning.
Opportunities for growth through rebranding, technology development, and asset redeployment position GEO Group for future success and shareholder returns.

GEO Group reports solid Q1 earnings, eyes revenue diversification

GEO Group's Q1 2024 performance reflects revenue growth and strong financial management, with a focus on debt refinancing and potential capital returns.
Operational strengths in service delivery and government partnerships are highlighted, alongside challenges in cost management and contract renewals.
Opportunities lie in leveraging idle facilities for ICE detention, potential modifications for idle beds, and securing long-term contract renewals for stability.

GEO Group reports mixed Q2 results, focuses on debt reduction

GEO Group's Q2 performance reflects a mix of revenue growth and challenges in profitability.
The company's focus on debt reduction and operational milestones showcases strategic initiatives.
Analysts' inquiries highlight interest in growth opportunities and financial strategies.
Navigating political and financial challenges while capitalizing on expansion prospects will be key.

GEO Group reports mixed Q3 performance, eyes federal support

GEO Group's Q3 2024 showed mixed performance with growth potential.
Strong focus on operational milestones, audits, and rehabilitation programs.
Challenges include ICE funding uncertainties and staffing issues.
Opportunities lie in federal support, growth segments, and partnerships.

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today the closing of a Refinancing Revolving Credit Commitments Amendment ("Amendment") to its Credit Agreement dated as of August 19, 2022, providing for the refinancing of all of GEO's outstanding revolving credit facility commitments. The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027. Prior to the Amendment, a portion of th.

The GEO Group Amends Senior Revolving Credit Facility

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that following discussions between GEO and its Chief Executive Officer, Jose Gordo, the parties have agreed that Mr. Gordo will be departing as Chief Executive Officer and as a Board member on mutually agreeable terms and transitioning to the role of an advisor, effective December 31, 2023. Under the agreed terms of his departure, Mr. Gordo will enter into a fixed, 18-month advisory servi.

The GEO Group Announces Senior Management Changes

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Q3 financial results show a decrease in revenue and operating income, but progress in reducing debt and strengthening the financial position. The potential passing of bill H.R. 4367 could significantly benefit GEO Group, as they currently hold a monopoly in this market. Politicians will have to tackle illegal immigration issues sooner rather than later, and we believe GEO is uniquely positioned to benefit from it.

GEO Group: The Opportunity Is Still Big

The GEO Group, Inc. (NYSE:GEO ) Q1 2023 Results Conference Call November 7, 2023 11:00 AM ET Company Participants Pablo Paez - EVP, Corporate Relations George Zoley - Executive Chairman Jose Gordo - CEO Brian Evans - CFO Wayne Calabrese - COO James Black - President, GEO Secure Services Conference Call Participants Joe Gomes - Noble Capital Brian Violino - Wedbush Securities Brendan McCarthy - Sidoti Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital Jordan Hymowitz - Philadelphia Financial Operator Good day and welcome to the GEO Group Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

The GEO Group, Inc. (GEO) Q3 2023 Earnings Call Transcript

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2023. Third Quarter 2023 Highlights Total revenues of $602.8 million Net Income of $24.5 million Net Income Attributable to GEO of.

The GEO Group Reports Third Quarter 2023 Results

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its third quarter 2023 financial results on Tuesday, November 7, 2023 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, November 7, 2023. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Jose Gordo, Chief Executive Officer, Brian R. Evans, Senior Vice President and Chief Financial Officer, Wayne Calab.

The GEO Group Announces Date for Third Quarter 2023 Earnings Release and Conference Call

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The GEO Group's stock has undergone a severe valuation expansion in recent years. Ongoing catalysts, such as deleveraging efforts, the surge in illegal migration, and robust profitability in electronic monitoring, are reshaping the trajectory of the stock. This could mark the start of a stock valuation upswing, particularly as the likelihood of resumed capital returns grows more plausible over time.

GEO Group: The Valuation Expansion Story May Have Just Begun

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) published today the Company's fifth annual Human Rights and Environmental, Social & Governance (ESG) report. The report includes enhanced disclosures related to our Board oversight of human rights and ESG matters, employee diversity and training programs, corporate governance, and environmental sustainability, including updated metrics and statistics for the calendar year 2022, in accordance with the.

The GEO Group Publishes Fifth Annual Human Rights and ESG Report

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The GEO Group is a dominant player in the secure facility sector, particularly in electronic monitoring. The company's transition from a REIT to a C-Corp structure has improved its flexibility for reducing debt and reinvesting in core operations. Despite impressive growth in revenue and profit margins, GEO stock is currently undervalued, presenting a compelling investment opportunity.

Unlocking Hidden Value: The GEO Group's Remarkable Transformation In A Niche Industry

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ISAP declines continue to weigh on GEO. The end of Title 42 saw ICE populations increase, but not a flood of illegal immigrants. The company still has a number of potential catalysts to help boost its inexpensive stock price.

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FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--The following Notice of Pendency and Settlement involving purchasers of GEO Group, Inc. Common Stock is being issued by Levi & Korsinsky, LLP and Freedman Normand Friedland LLP: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA     STEVE HARTEL, individually and on behalf of all others similarly situated, Case File No. 9:20-cv-81063-RS     Plaintiff,   vs.   THE GEO GROUP, INC., et al.,   Defendants.   TO: ALL PERSONS AND ENTITIES WHO PURCHASED.

Levi & Korsinsky, LLP and Freedman Normand Friedland LLP Announce Notice of Pendency and Settlement Involving Purchasers of GEO Group, Inc. Common Stock

News for GEO Group Stock (GEO)