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The GEO Group, Inc. (GEO) is a global leader in providing correctional, detention management, and community reentry services to federal, state, and local government agencies. With a robust presence in the United States, Australia, South Africa, and the United Kingdom, GEO offers a diversified array of turnkey solutions that include the design, construction, financing, and operation of correctional facilities.
The GEO Group is renowned for its comprehensive approach, integrating state-of-the-art designs, innovative programs, and ground-breaking treatment methods. As the first fully-integrated equity Real Estate Investment Trust (REIT) specializing in these areas, GEO strives to deliver high-quality and cost-effective services aimed at helping clients manage and rehabilitate those in their care.
GEO's operations are segmented into four key areas:
- U.S. Secure Services: Focuses on providing secure management services within the United States.
- Electronic Monitoring and Supervision Services: Offers monitoring and evidence-based supervision programs for community-based parolees, probationers, and pretrial defendants.
- Reentry Services: Provides both residential and non-residential treatment, educational, and community-based programs, including pre-release and halfway house services.
- International Services: Encompasses GEO's operations outside of the United States, offering similar services in various countries.
GEO Group's achievements are underscored by their commitment to quality and innovation. Recent projects and partnerships reflect their dedication to enhancing service delivery and effectiveness. Financially, the company continues to maintain a stable condition, evident from their consistent performance in the stock market. They have effectively leveraged partnerships and collaborations to expand their service offerings and improve operational efficiency.
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The GEO Group, Inc. reported financial results for Q4 and full year 2023, highlighting total revenues of $2.41 billion, net income of $113.8 million, and adjusted EBITDA of $507.2 million. They reduced total net debt by $197.0 million in FY23. The company issued initial financial guidance for 2024, expecting net income between $110 million to $125 million and adjusted EBITDA between $485 million to $515 million. The guidance factors in uncertainties related to federal government appropriations discussions and budgetary pressures.
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The GEO Group, Inc. announces the redemption of its 5.875% Senior Notes due 2024, totaling $23,253,000, on March 11, 2024, at a redemption price of $1,000 per $1,000 original principal amount.
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The GEO Group, Inc. (NYSE:GEO) will release its fourth quarter 2023 financial results on Thursday, February 15, 2024 before the market opens. A conference call and webcast are scheduled for 11:00 AM (Eastern Time) on the same day. The call will be hosted by key executives of GEO, including the Executive Chairman, CEO, and other top officers. Participants can access the call and webcast through specified phone numbers and the investor relations home page. Both webcast and telephonic replays will be available for a year and until February 22, 2024, respectively.
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The GEO Group (GEO) announced the closing of a Refinancing Revolving Credit Commitments Amendment, providing approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027. The Amendment also includes changes in interest accrual based on the Company's total leverage ratio. George C. Zoley, Executive Chairman of GEO, expressed satisfaction with the transaction, emphasizing its significance in supporting the Company's future capital needs and long-term debt reduction strategy.
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The GEO Group, Inc. (NYSE: GEO) announced the departure of CEO Jose Gordo, transitioning to an advisor role. Brian Evans appointed as CEO, Shayn March as Acting CFO, and Wayne Calabrese as President and COO. Dr. George Zoley to step down as Executive Chairman in 2026.
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The GEO Group, Inc. reported third quarter 2023 total revenues of $602.8 million, net income of $24.5 million, and adjusted EBITDA of $118.7 million. The company reduced its total net debt by $109 million to approximately $1.8 billion. For the first nine months of 2023, total revenues were $1.80 billion, net income was $82.0 million, and adjusted EBITDA was $378.6 million. The company updated its guidance for the full-year and fourth quarter of 2023.
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The GEO Group, Inc. to release Q3 2023 financial results on November 7, 2023
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The GEO Group, Inc. publishes its fifth annual Human Rights and ESG report, highlighting its commitment to human rights and ESG matters. The report includes enhanced disclosures and updated metrics for 2022. The company delivered approximately 3.5 million hours of rehabilitation programming through its CoC facilities. GEO has restructured its Board to include committees overseeing Criminal Justice and Rehabilitation, Human Rights, and Cyber Security and Environmental matters. The report can be found at www.geogroup.com/esg and www.wearegeo.com/esg.
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The GEO Group, Inc. reports financial results for Q2 and first six months of 2023, exceeding expectations. Total revenues of $593.9 million for Q2 and $1.20 billion for first six months. Net income of $29.5 million for Q2 and $57.5 million for first six months. Adjusted EBITDA of $129.0 million for Q2 and $259.9 million for first six months. Updated guidance for full-year 2023 with expected GAAP net income between $95 million and $110 million, and adjusted EBITDA between $490 million and $520 million.
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The GEO Group, Inc. (NYSE:GEO) will release its second quarter 2023 financial results on Wednesday, August 9, 2023 before the market opens. A conference call and webcast will be held at 11:00 AM (Eastern Time) on the same day.
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FAQ
What is the current stock price of The GEO Group (GEO)?
The current stock price of The GEO Group (GEO) is $31.34 as of January 29, 2025.
What is the market cap of The GEO Group (GEO)?
The market cap of The GEO Group (GEO) is approximately 4.3B.
What services does The GEO Group, Inc. offer?
The GEO Group provides correctional, detention management, and community reentry services, including design, construction, financing, and operations.
Where does The GEO Group operate?
The GEO Group operates in the United States, Australia, South Africa, and the United Kingdom.
What are the main segments of The GEO Group's operations?
The GEO Group's operations are divided into U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services.
What is unique about The GEO Group's approach?
The GEO Group integrates state-of-the-art designs, innovative programs, and ground-breaking treatment methods to deliver high-quality, cost-effective services.
Is The GEO Group a Real Estate Investment Trust?
Yes, The GEO Group is the first fully-integrated equity Real Estate Investment Trust specializing in correctional, detention, and community reentry facilities.
What recent achievements has The GEO Group made?
The GEO Group has seen recent achievements in expanding service offerings and improving operational efficiency through various partnerships and projects.
How does The GEO Group support community reentry?
The GEO Group offers residential and non-residential treatment, educational programs, pre-release, and halfway house services to support community reentry.
What is The GEO Group's financial condition?
The GEO Group maintains a stable financial condition, as evidenced by consistent stock market performance and effective leveraging of partnerships.
How does The GEO Group ensure quality service?
The GEO Group ensures quality service through their state-of-the-art designs, innovative programs, and ground-breaking treatment approaches.
What is the mission of The GEO Group?
The mission of The GEO Group is to help clients manage and rehabilitate individuals in their care through diversified services and innovative solutions.
The GEO Group, Inc.
NYSE:GEO
GEO Rankings
GEO Stock Data
4.30B
132.75M
4.79%
79.2%
7.4%
Security & Protection Services
General Bldg Contractors - Residential Bldgs
United States of America
BOCA RATON