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Mar 31, 2021
GEO Q1 2021 Earnings Report
The GEO Group reported its Q1 2021 financial results and updated its full-year 2021 financial guidance.
Key Takeaways
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.
Total revenues of $576.4 million.
Net Income Attributable to GEO of $50.5 million or $0.41 per diluted share.
1Q21 results reflect $13.3 million pre-tax gain on real estate assets and $3.0 million pre-tax gain on the extinguishment of debt.
Adjusted Net Income of $0.28 per diluted share.
Forward Guidance
The company updated its financial guidance for the full year 2021, expecting revenues of $2.23 billion to $2.25 billion and net income attributable to GEO to be in the range of $141 million to $150 million.
Historical Earnings Impact
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