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Sep 30, 2021
GEO Q3 2021 Earnings Report
The GEO Group reported financial results for Q3 2021.
Key Takeaways
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.
Total revenues for Q3 2021 were $557.3 million.
Net Income Attributable to GEO for Q3 2021 was $34.7 million.
Adjusted Net Income for Q3 2021 was $44.0 million.
Normalized Funds From Operations (FFO) for Q3 2021 was $0.52 per diluted share.
GEO
GEO
Forward Guidance
The company updated its 2021 financial guidance for the fourth quarter and full year 2021.