GEO Earnings Reports

GEO Group's Q4 2024 revenue was $607.7 million, nearly flat compared to the previous year. However, net income dropped to $15.5 million from $25.2 million in Q4 2023 due to higher administrative and restructuring costs. Adjusted EBITDA was $108.0 million, down from $129.0 million in Q4 2023. The company continues to focus on deleveraging, expecting to reduce net debt by up to $175 million in 2025.

The GEO Group reported total revenues of $607.2 million for the second quarter of 2024. Net loss attributable to GEO was $0.25 per diluted share, which includes costs associated with debt extinguishment. Adjusted EBITDA was $119.3 million.

The GEO Group, Inc. released its earnings report on August 9, 2023, announcing the financial results for the quarter ended June 30, 2023. The report also included updates to the financial guidance for the full year 2023 and the issuance of financial guidance for the third and fourth quarters of 2023.

The GEO Group reported a strong first quarter in 2023, with total revenues of $608.2 million and a net income of $28.0 million. The company reduced its net debt by approximately $70 million and is optimistic about unlocking equity value for shareholders through debt reduction strategies.

The GEO Group reported a strong second quarter in 2022, with total revenues of $588.2 million and a net income of $53.7 million. The company's diversified business units have delivered robust results, allowing them to reduce net recourse debt by approximately $375 million since the beginning of 2020. GEO has increased its financial guidance for the full year 2022.

The GEO Group reported strong operational and financial performance for Q1 2022, with total revenues of $551.2 million and a net income of $38.2 million. The company has reduced net recourse debt by approximately $80 million during the quarter and is focused on further debt reduction.

The GEO Group reported Q3 2021 total revenues of $557.3 million and net income attributable to GEO of $34.7 million. The company made significant progress towards reducing debt, decreasing net recourse debt by approximately $175 million in the first nine months of 2021.

The GEO Group reported a strong second quarter with total revenues of $565.4 million and net income attributable to GEO of $42.0 million. The company's better-than-expected performance was driven by favorable cost trends, higher occupancies, and increased revenue from the electronic monitoring segment. They have also increased their financial guidance for the full year.

The GEO Group reported Q1 2021 revenues of $576.4 million and net income attributable to GEO of $50.5 million, or $0.41 per diluted share. Results reflect a $13.3 million pre-tax gain on real estate assets and a $3.0 million pre-tax gain on the extinguishment of debt. Adjusted net income was $0.28 per diluted share.

GEO Group's Q4 2020 results showed a decrease in revenue and net income compared to Q4 2019, impacted by the COVID-19 pandemic and a goodwill impairment charge. The company remains resilient with long-term real estate assets and contracts entailing essential government services.

The GEO Group reported third quarter 2020 net income attributable to GEO of $39.2 million, or $0.33 per diluted share, and total revenues of $579.1 million. The company experienced favorable cost trends, but continues to face operational and financial challenges associated with the COVID-19 pandemic. Updated FY20 guidance was provided, with Net Income Attributable to GEO of $1.07-$1.09 per diluted share and Adjusted Net Income of $1.21-$1.23 per diluted share.

The GEO Group reported second quarter 2020 net income attributable to GEO of $36.7 million, or $0.31 per diluted share. Total revenues for the second quarter 2020 were $587.8 million. The company faces challenges associated with the COVID-19 pandemic, which has had a negative operational and financial impact across several segments.

The GEO Group reported its financial results for the first quarter 2020. Total revenues were $605.0 million and Net Income Attributable to GEO was $25.2 million or $0.21 per diluted share. The company also provided an update on the impact of the COVID-19 pandemic and issued updated financial guidance.