8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

10-Q - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

8-K - GEO GROUP INC (0000923796) (Filer)

10-Q - GEO GROUP INC (0000923796) (Filer)

The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement ("ICE"). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Su

The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Suchinski has served as Senior Vice President and Chief Financial Officer for Spirit AeroSystems since 2020. In this role, Mr. Suchinski has been responsible for the overall financial management of Spirit AeroSystems, its financial reporting and transparency, and multiple corporate functions including Treasury, Investor Relations, Strategy, and Mergers and Acquisitions. Mr. Suchinski joined Spirit AeroSystems in 2006 as the Controller for the Aerostructures Segment. He subsequently served in increasin

The GEO Group, Inc. (NYSE:GEO) ("GEO") announced today that GEO's Chairman, Chief Executive Officer and Founder, George C. Zoley, will transition to the position of Executive Chairman of GEO's Board of Directors under a new five-year employment agreement with subsequent automatic one-year renewals, and Jose Gordo will be appointed Chief Executive Officer effective July 1, 2021, reporting to Mr. Zoley. "The transition to Executive Chairman will allow me to focus on the strategic planning and execution of our company's future direction, while allowing Jose Gordo and our Senior Management Team to focus on day-to-day operations and the delivery of our services. We are pleased to have Mr. Gordo

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 down debt. We believe the dividend announced today represents a sustainable distribution to our shareholders given our current environment. We believe that our new quarterly dividend payment w

Earnings Release Scheduled for Thursday, February 27, 2025 Before the Market Opens Conference Call Scheduled for Thursday, February 27, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchinski, Chief Financial Officer. To participate in the tel

The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted 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 2024. Third Quarter 2024 Highlights Total revenues of $603.1 million Net Income Attributable to GEO of $0.19 per diluted share Adjusted Net Income of $0.21 per diluted share Adjusted EBITDA of $118.6 million For the third quarter 2024, we reported net income attributable to GEO of $26.3 million, or $0.19 per diluted share, compared to net inco

Earnings Release Scheduled for Thursday, November 7, 2024 Before the Market Opens Conference Call Scheduled for Thursday, November 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its third quarter 2024 financial results on Thursday, November 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, November 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure

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 2024. Second Quarter 2024 Highlights Total revenues of $607.2 million Net Loss Attributable to GEO of $0.25 per diluted share, reflects costs associated with the extinguishment of debt of $82.3 million, pre-tax, in connection with the April 2024 debt refinancing Adjusted Net Income of $0.23 per diluted share Adjusted EBITDA of $119.3 million For th

Earnings Release Scheduled for Wednesday, August 7, 2024 Before the Market Opens Conference Call Scheduled for Wednesday, August 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2024 financial results on Wednesday, August 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure

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 2024. First Quarter 2024 Highlights Total revenues of $605.7 million Net Income of $22.7 million Adjusted EBITDA of $117.6 million For the first quarter 2024, we reported net income of $22.7 million, compared to $28.0 million for the first quarter 2023. We reported total revenues for the first quarter 2024 of $605.7 million compared to $608.2 million for the first quarter 202

Earnings Release Scheduled for Tuesday, May 7, 2024 Before the Market Opens Conference Call Scheduled for Tuesday, May 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2024 financial results on Tuesday, May 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, May 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Shayn March, Acting Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure Services. To p

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 fourth quarter and full year 2023. Full Year 2023 Highlights Total revenues of $2.41 billion Net Income of $113.8 million Adjusted EBITDA of $507.2 million Reduced Total Net Debt by Approximately $197.0 million in FY23 to $1.78 billion For the full year 2023, we reported total revenues of $2.41 billion compared to $2.38 billion for the full year 2022. We reported net income for the full

Earnings Release Scheduled for Thursday, February 15, 2024 Before the Market Opens Conference Call Scheduled for Thursday, February 15, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2023 financial results on Thursday, February 15, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 15, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Shayn March, Acting Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President

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 $0.16 per diluted share Adjusted Net Income of $0.19 per diluted share Adjusted EBITDA of $118.7 million Reduced Total Net Debt by $109 million to approximately $1.8 billion For the third quarter 2023, we reported

Noble Capital Markets downgraded Geo Group from Outperform to Market Perform

Northland Capital initiated coverage of Geo Group with a rating of Outperform and set a new price target of $14.00

Wedbush upgraded Geo Group from Neutral to Outperform and set a new price target of $14.00 from $10.00 previously

Wedbush initiated coverage of Geo Group with a rating of Neutral and set a new price target of $7.00

Earnings Release Scheduled for Thursday, February 27, 2025 Before the Market Opens Conference Call Scheduled for Thursday, February 27, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchinski, Chief Financial Officer. To participate in the tel

The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") commented today on a ruling by the U.S. Court of Appeals for the Ninth Circuit in relation to the Nwauzor v. The GEO Group case (the "Nwauzor Case"). GEO is currently reviewing today's decision in the Nwauzor Case. GEO remains steadfast in its position that participants in the federally mandated Voluntary Work Program (VWP) at the Tacoma ICE Facility are not GEO employees. The United States Department of Justice supported GEO in requesting that the lower court judgment be reversed, stating that the application of the state minimum wage is precluded by principles of federal preemption and violates principles of intergovernmental immun

The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement ("ICE"). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Su

The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted 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 2024. Third Quarter 2024 Highlights Total revenues of $603.1 million Net Income Attributable to GEO of $0.19 per diluted share Adjusted Net Income of $0.21 per diluted share Adjusted EBITDA of $118.6 million For the third quarter 2024, we reported net income attributable to GEO of $26.3 million, or $0.19 per diluted share, compared to net inco

The GEO Group (NYSE:GEO) ("GEO") published today the Company's sixth 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 2023, in accordance with the Universal Standards of the Global Reporting Initiative. The report also highlights GEO's continued commitment to providing enhanced rehabilitation and post-release support services through our award-winning GEO Continuum of Care® ("CoC") program. During 2023,

The GEO Group (NYSE:GEO) ("GEO") announced today that U.S. Immigration and Customs Enforcement ("ICE") has exercised the five-year option period extending the contract for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California (the "Adelanto Center") through December 19, 2029. ICE and GEO entered into a 15-year contract on December 19, 2019, for the provision of secure residential housing and care at the Adelanto Center, consisting of a five-year base period followed by two five-year option periods. The Adelanto Center employs approximately 350 employees. George C. Zoley, Executive Chairman of GEO, said, "We believe the exercise of this five-year contract option period by IC

Earnings Release Scheduled for Thursday, November 7, 2024 Before the Market Opens Conference Call Scheduled for Thursday, November 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its third quarter 2024 financial results on Thursday, November 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, November 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure

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 2024. Second Quarter 2024 Highlights Total revenues of $607.2 million Net Loss Attributable to GEO of $0.25 per diluted share, reflects costs associated with the extinguishment of debt of $82.3 million, pre-tax, in connection with the April 2024 debt refinancing Adjusted Net Income of $0.23 per diluted share Adjusted EBITDA of $119.3 million For th

The GEO Group (NYSE:GEO) ("GEO" or the "Company") announced today that it has extended its offers to exchange (the "Exchange Offer") (i) up to $650.0 million aggregate principal amount of registered 8.625% Senior Secured Notes due 2029 (the "Secured Exchange Notes") for any and all of its $650.0 million aggregate principal amount of unregistered 8.625% Senior Secured Notes due 2029 that were issued in a private placement on April 18, 2024 (the "Secured Original Notes"), and (ii) up to $625.0 million aggregate principal amount of registered 10.250% Senior Notes due 2031 (the "Unsecured Exchange Notes" and, together with the Secured Exchange Notes, the "Exchange Notes") for any and all of its

Earnings Release Scheduled for Wednesday, August 7, 2024 Before the Market Opens Conference Call Scheduled for Wednesday, August 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2024 financial results on Wednesday, August 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure