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01.07.25 - 12:57
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The GEO Group Announces It Has Entered Into a Purchase Agreement to Acquire the 770-Bed Western Region Detention Facility in San Diego, California for $60 Million (Business Wire)
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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it has entered into a purchase agreement with SDCC Middle Block, LLC (the “Seller”), an affiliate of Holland Partners Group, to acquire the 770-bed Western Region Detention Facility located in San Diego, California (the “San Diego Facility”) for $60 million. GEO currently leases the San Diego Facility for approximately $5.1 million annually under a lease agreement that expires on March 31, 2029. GEO has a contract with the U.S. Marshals Service for the exclusive use of the San Diego Facility, which generates approximately $57 million in annualized revenues.
The purchase of the San Diego Facility is expected to close on July 31, 2025, subject to the satisfaction of customary closing conditions, and is expected to be funded as a like kind real estate property exchange with proceeds from the previously announced sale of the GEO-owned Lawton Correctional Facility in Oklahoma (the ??...
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07.05.25 - 13:01
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The GEO Group Inc. Q1 Profit Misses Estimates (AFX)
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WASHINGTON (dpa-AFX) - The GEO Group Inc. (GEO) released a profit for first quarter that missed the Street estimates.The company's earnings came in at $19.558 million, or $0.14 per share. This com......
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07.05.25 - 12:03
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The GEO Group Reports First Quarter 2025 Results (Business Wire)
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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter of 2025.
First Quarter 2025 Highlights
Total revenues of $604.6 million
Net Income of $19.6 million
Net Income Attributable to GEO of $0.14 per diluted share
Adjusted EBITDA of $99.8 million
For the first quarter 2025, we reported net income attributable to GEO of $19.6 million, or $0.14 per diluted share, compared to net income attributable to GEO of $22.7 million, or $0.14 per diluted share, for the first quarter 2024. We reported total revenues for the first quarter 2025 of $604.6 million compared to $605.7 million for the first quarter 2024. We reported first quarter 2025 Adjusted EBITDA of $99.8 million, compared to $117.6 million for the first quar...
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23.04.25 - 22:18
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The GEO Group Announces Date for First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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Earnings Release Scheduled for Wednesday, May 7, 2025 Before the Market Opens
Conference Call Scheduled for Wednesday, May 7, 2025 at 11:00 AM (Eastern Time)
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2025 financial results on Wednesday, May 7, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, May 7, 2025.
Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, and Mark Suchinski, Chief Financial Officer.
To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the scheduled start time:
1-877-250-1553 (U.S.)
1-412-542-4145 (International)
In addition, a live audio webcast of the conference call may be accessed on the Webcasts section of GEO's investor relations home page at investors.geogroup.com. A webcast replay will remain available on the website fo...
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