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Jun 30, 2022
GEO Q2 2022 Earnings Report
The GEO Group reported strong Q2 2022 results and increased full year 2022 financial guidance.
Key Takeaways
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.
Total revenues reached $588.2 million.
Net Income Attributable to GEO was $53.7 million, or $0.37 per diluted share.
Adjusted EBITDA amounted to $132.3 million.
The company reduced its net recourse debt by approximately $375 million since the beginning of 2020.
Forward Guidance
The company has increased its financial guidance for the full year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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