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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Earnings data Q4 2024

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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GEO Group's (GEO) second-quarter results reflect better-than-expected revenues for the quarter, though an increase in net interest expenses acts as a dampener.

GEO Group (GEO) Beats Q2 EPS Estimates, Updates 2023 Outlook

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 second quarter and first six months of 2023. Second Quarter 2023 Highlights Total revenues of $593.9 million Net Income of $29.5 million Net Income Attributable to GEO of.

The Geo Group Reports Second Quarter 2023 Results

Private prison operator GEO Group is a cheap stock that could see an earnings benefit from an increase in immigrant processing at the U.S. southern border. Despite President Biden's executive order against private prisons, only 20% of GEO's revenue is impacted due to state-level prisons and the exclusion of ICE activities. As the Federal government does not renew private prison contracts, there are opportunities to sell the facilities back to the government, or contract at the state level.

Inexpensive GEO Group May Benefit From Immigration Changes

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2023 financial results on Wednesday, August 9, 2023 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 9, 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 Cala.

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

GEO stock has underperformed significantly over the last decade, with shares falling more than 68% since 2013. The underperformance can be attributed to Biden Administration's executive order to stop renewing contracts with privately-operated, for-profit prisons, Title 42, their transition into a C-Corp, and the rise in interest rates. The business is operating great and GEO management is currently focused on reducing the company's debt.

GEO Group: Solid Fundamentals And Extremely Cheap

The GEO Group has seen a prolonged decline in its stock price due to the very nature of its business model, rising interest rates, and lack of capital returns. That said, the company has been making significant progress with deleveraging, while capital returns could be resumed once management's deleveraging targets are met (2024-end). GEO's operating results could continue improving, backed by the expiration of Title 42 and the rapid growth of its electronic monitoring offerings.

The GEO Group Stock May Have Bottomed - Buy

Investors need to pay close attention to The Geo Group (GEO) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in The Geo Group (GEO) Stock?

GEO posted mixed results for Q1, as higher interest rates weighed on its bottom line. Any impact from Title 42 expiration is not currently in guidance in my view, and represents a nice upside.

GEO Group: Taking To 'Strong Buy' After Title 42 Expiration

CoreCivic

Prison stocks are the talk of Wall Street today following the expiration of the highly controversial Title 42 program. Indeed, companies like CoreCivic (NYSE: CXW ) and GEO Group (NYSE: GEO ) are in the green today in anticipation of the lifting of the former President Donald Trump-era border policy.

Prison Stocks CXW, GEO Are on Watch as Title 42 Expires

The GEO Group, Inc. (GEO) Q1 2023 Earnings Call Transcript.

The GEO Group, Inc. (GEO) Q1 2023 Earnings Call Transcript

Geo Group, a REIT that owns prisons and other government buildings, reported mixed results for Q1. The company's results were impacted by rising interest rates.

Why Geo Group Stock Is Down Today

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 first quarter 2023. First Quarter 2023 Highlights Total revenues of $608.2 million Net Income of $28.0 million Net Income Attributable to GEO of $0.19 per diluted share A.

The GEO Group Reports First Quarter 2023 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2023 financial results on Tuesday, April 25, 2023 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, April 25, 2023. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Jose Gordo, Chief Executive Officer, Brian R.

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

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GEO has round-tripped since my last article so I feel obligated to provide an update. The stock traded down on a couple of concerns: the ISAP population decline and the delay of lifting Title 42.

GEO Group: Multiple Ways To Win

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Private prisons are here to stay and the market hasn't priced it in. The GEO Group, Inc. has started a new asset-light business model that could completely replace the current model.

The GEO Group: A More Sustainable Model Than The Market Is Pricing In

GEO could see a huge boost if and when Title 42 border regulations expire. The company faces renewal risks, but has managed to navigate them despite a Biden executive order aimed at private prison operators.

The GEO Group: The Stock Looks Cheap With Title 42 Upside Optionality

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that its wholly-owned subsidiary, BI Incorporated (“BI”), has been awarded a new five-year contract, inclusive of renewal options, by Santa Clara County, California for the use of BI VeriWatch™ (“VeriWatch”), representing the first ever community corrections contract involving this new cutting-edge technology developed by BI.

The GEO Group Announces First Ever Community Corrections Contract Award for Wrist-Worn GPS Tracking Device BI VeriWatch™

GEO Group is heavily shorted, whereas its rival CoreCivic is not, despite trading at a premium to Geo. GEO has successfully navigated the political risk by reinventing its business model.

GEO Group: The High Short Interest Does Not Make A Lot Of Sense

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The GEO Group, Inc. (NYSE:GEO ) Q4 2022 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Pablo Paez - Executive Vice President of Corporate Relations George Zoley - Executive Chairman of the Board Brian Evans - Chief Financial Officer James Black - President of GEO Secure Services Wayne Calabrese - Chief Operating Officer Jose Gordo - Chief Executive Officer Conference Call Participants Joe Gomez - Noble Capital Jay McCanless - Wedbush Securities Mitra Ramgopal - Sidoti Kirk Ludtke - Imperial Capital Jordan Sherman - Ranger Global Josh Joseph - Black Diamond Jordan Hymowitz - Philadelphia Financial Judd Arnold - Lake Cornelia Kenneth Williamson - JPMorgan Operator Good morning and welcome to the GEO Group Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

News for GEO Group Stock (GEO)