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” or the “Company”) announced today that it completed the sale of its equity investment interest in the government-owned Ravenhall Correctional Centre in Australia for approximately $84.4 million in gross proceeds, pre-tax. GEO will use the proceeds, along with available cash on hand, to repay all of the remaining $146.9 million outstanding principal of its Term Loan B and its Tranche 3 Term Loan, both due March 23, 2024 (t

The GEO Group Completes $84 Million Asset Sale and Repays Remaining $147 Million in Term Loans Due In 2024

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) has delivered a notice of redemption for all of the remaining $125,734,000 in outstanding aggregate principal amount of its 5.125% Senior Notes due April 1, 2023 (CUSIP No. 36159RAG8) (the “2023 Senior Notes”). The redemption of the 2023 Senior Notes will occur on October 6, 2022 (the “Redemption Date”). The redemption price for the 2023 Senior Notes will be equal to $1,000 per $1,000 original principal

The GEO Group Delivers Notice of Redemption for Remaining Senior Notes Due 2023

GEO successfully managed its near-term maturity wall via an amend & extend transaction. This transaction allows and forces GEO to delever via an 80% excess cash flow sweep.

GEO Group: Maturity Wall Smoothed Out, Focus On Deleveraging

Geo Group (NYSE: GEO ) stock has been making headlines this month. That's not due to any news directly related to the private prison operator, but rather to a recent 13F filing submitted to the U.S. Securities and Exchange Commission (SEC) by investor Michael Burry.

Follow Michael Burry and Buy GEO Stock

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Los Angeles, California--(Newsfile Corp. - August 25, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The GEO Group, Inc. ("GEO" or "the Company") (NYSE: GEO) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

LONG TERM SHAREHOLDER ALERT: The Schall Law Firm Encourages Investors in The GEO Group, Inc. with Losses to Contact the Firm

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The mean of analysts' price targets for Geo Group (GEO) points to a 66.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that on Friday, August 19, 2022, the Company successfully closed the previously announced transactions (the “Transactions”) to comprehensively address the substantial majority of GEO's outstanding debt. As previously disclosed, GEO's new outstanding debt maturities are approximately $125 million in 2023; approximately $165 million in 2024; approximately $341 million in 2026; approximately

The GEO Group Closes Previously Announced Transactions to Address Its Debt Maturities and Strengthen Its Capital Structure

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The Geo Group Inc. GEO, +3.82% said Wednesday it has received the required consents from its secured and unsecured creditors to close a series of transactions that will extend the maturities of debt that comes due in 2023, 2024 and 2026. The real estate investment trust, that specializes in prisons, said it expects the deals to close on Friday, Aug. 19.

Geo Group receives consents for deals that will stagger $2 billion of debt maturities over coming years

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it successfully received the required participation and/or consents of its secured and unsecured creditors to close the previously announced transactions (the “Transactions”) to comprehensively address the substantial majority of GEO's outstanding debt previously scheduled to mature in 2023, 2024 and 2026. GEO expects the closing of the Transactions to occur on Friday, August 19, 202

The GEO Group Receives Required Consents for Transactions to Address Its Debt Maturities and Strengthen Its Capital Structure

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) (“GEO” or the “Company”) today announced the final results of the previously announced Exchange Offers and Consent Solicitations (each as defined below) to exchange (the “Exchange Offers”) its outstanding (i) 5.125% Senior Notes due 2023 (the “2023 Notes”) and (ii) 5.875% Senior Notes due 2024 (the “2024 Notes” and, collectively with the 2023 Notes, the “Old Notes”) for newly issued 10.500% Senior Second Lien Secured Notes maturi

The GEO Group Announces Final Results of Its Previously Announced Exchange Offers and Consent Solicitations

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It seems Michael Burry's Scion Asset Management sold almost all of its U.S. common stock investments in the second quarter of 2022. According to the firm's latest 13F report, only one holding remained in the portfolio at the end of June, and that was a new stake in GEO Group ( GEO , Financial).

Michael Burry Sells All but One of His Holdings

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‘Serenity Now': Hedge fund managed by Michael Burry of ‘The Big Short' fame dumps stocks including Apple and Alphabet, adds GEO Group

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News for GEO Group Stock (GEO)