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Mar 31, 2020
GEO Q1 2020 Earnings Report
Reported first quarter 2020 results, updated on the impact of the COVID-19 pandemic, and issued updated financial guidance.
Key Takeaways
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.
Total revenues of $605.0 million
Net Income Attributable to GEO of $25.2 million or $0.21 per diluted share
Adjusted Net Income of $0.24 per diluted share
Net Operating Income of $150.2 million
GEO
GEO
Forward Guidance
The company updated its financial guidance for the full-year of 2020 and issued guidance for the second quarter of 2020.