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, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the fourth quarter and full-year 2020 and issued financial guidance for 2021. Fourth Quarter 2020 Highlights Total revenues of $578.1 million Net Income Attributable to GEO of $11.9 million or $0.09 per d

The GEO Group Reports Fourth Quarter and Full-Year 2020 Results and Issues 2021 Guidance

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The GEO Group showed top-broker estimated net gains of 103.33%, while Orchid Island Capital had the top (14.3%) yield out of 350 U.S. REITs per YCharts data 2/8/21. Top 10 net gainers TWO, PMT, EARN, GOOD, AFIN, NRZ, RC, CMO, CHMI, and GNL ranged 13.6%-30.1% 2/8/21. Top 36 US REITs (priced over $5) by yield represented 8 of 9 REIT industries.

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When it comes to stocks, our preference is towards not making mistakes rather than making bold calls, and as such we would avoid GEO and prisons in general without hedges. The risks to GEO are political and well-known; however, we think that investors need to pay attention to possible chains of events that could lead to poor capital returns.

GEO Group: Political Risks Make It A Possible Portfolio Mistake

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter and full-year 2020 financial results on Tuesday, February 16, 2021 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, February 16, 2021. Hosting the call for GEO will be George C. Zoley, Chairman, Chief Executive Officer and Founder, Brian R. Evans, Senior Vice President and Chief Financial Officer, Blake Davis, Pres

The GEO Group Announces Date for Fourth Quarter and Full-Year 2020 Earnings Release and Conference Call

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The news out of Washington D.C. was bad but perhaps not as bad as some investors feared.

Why CoreCivic and the GEO Group Both Rallied Over 10% Today

President Biden plans to curtail the U.S. government's use of private prisons.

Why The GEO Group Stock Crashed Today

The GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW) shares are trading lower on Tuesday after President Joe Biden signed four executive orders including prison reform. Biden directed the Attorney General to not renew any of the Justice Department's contracts with private prisons.

Why GEO Group And CoreCivic Are Trading Lower Today

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO") announced today the tax treatment of its 2020 dividend distributions. The following table summarizes, for income tax purposes, the nature of distributions paid to shareholders, presented on a per share basis, during the calendar year ended December 31, 2020. Shareholders are encouraged to consult with their own tax advisors as to their specific tax treatment of GEO distributions. Common Stock (CUSIP # 36162J106) Ordinary

The GEO Group Announces Tax Treatment of 2020 Dividends

The market's perception is that the "blue wave" is a negative for GEO Group. History suggests that the last time we had a blue wave, GEO thrived.

GEO Group: This 11% Yield Will Surprisingly Benefit From The Blue Wave

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today that the Federal Bureau of Prisons has decided to not exercise the contract renewal option for the company-owned, 1,878-bed Moshannon Valley Correctional Facility in Pennsylvania, when the contract base period expires on March 31, 2021. The contract for the Moshannon Valley Correctional Facility generated approximately $42 million in annualized revenues for GEO. GEO expects to market the Moshannon Valley

The GEO Group Announces Decision by Federal Bureau of Prisons To Not Renew Its Contract for the Moshannon Valley Correctional Facility in Pennsylvania

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on January 15, 2021, its Board of Directors declared a quarterly cash dividend of $0.25 per share. The quarterly cash dividend will be paid on February 1, 2021 to shareholders of record as of the close of business on January 25, 2021. George C. Zoley, Chairman and Chief Executive Officer of GEO, said, “We have announced today a reduction of our quarterly dividend payment to accelerate our focus on paying d

The GEO Group Declares Quarterly Cash Dividend of $0.25 Per Share

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today that the Federal Bureau of Prisons has decided to not rebid the contract for the company-owned, 1,450-bed Rivers Correctional Facility in North Carolina, which is set to expire on March 31, 2021. The contract for the Rivers Correctional Facility generated approximately $43 million in annualized revenues for GEO. GEO expects to market the Rivers Correctional Facility to other federal and state agencies. Ge

The GEO Group Announces Decision by Federal Bureau of Prisons to Not Rebid Its Contract for Rivers Correctional Facility

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The GEO Group, Inc. (GEO) CEO George Zoley on Q3 2020 Results - Earnings Call Transcript

Geo Group (GEO) delivered FFO and revenue surprises of 11.67% and -0.24%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Geo Group (GEO) Q3 FFO Surpass Estimates

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of evidence-based offender rehabilitation and community reentry services around the globe, reported today its financial results for the third quarter 2020, provided an update on the impact of the COVID-19 pandemic on GEO, and issued updated financial guidance. Third Quarter 2020 Highlights Total revenues of $579.1 million Net Income A

The GEO Group Reports Third Quarter 2020 Results and Increases Fourth Quarter and Full Year 2020 Guidance

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News for GEO Group Stock (GEO)