8-K
filed November 2, 2022, 7:59 PM ET
ticker GEO
CIK 0000923796
earnings
confidence high
sentiment positive
materiality 0.75
GEO Q3 net income $38.3M, Adj. EBITDA $136.2M record; raises full-year Adj. EBITDA guidance
GEO GROUP INC
2022-Q3 EPS reported
$0.89
revenue$1,756,045,000
- Q3 total revenue $616.7M vs $557.3M YoY; net income $38.3M ($0.26 dil. EPS); adjusted EPS $0.33 vs $0.35.
- Q3 Adj. EBITDA $136.2M, highest quarterly run rate; nine-month Adj. EBITDA $393.7M.
- Debt restructuring on Aug 19, 2022 reduced pre-2026 maturities from ~$2B to ~$23M; net recourse debt down ~$400M since 2020.
- Full-year 2022 Adj. EBITDA guidance raised to $527-533.5M; Q4 Adj. EBITDA guidance $133-140M.
- North Lake facility (1,800-bed) BOP contract non-renewal effective Sep 30, 2022 impacts Q4.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported full year 2022 results: net income between $160 million and $162 million.
- Period
- full year 2022
- Net income
- between $160 million and $162 million
- Result
- guidance update
Exact text from the filing
We expect full year 2022 Net Income Attributable to GEO to be between $160 million and $162 million on annual revenues of appro
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported fourth quarter 2022 results: revenue $600 million to $605 million, net income $30 million to $32 million.
- Period
- fourth quarter 2022
- Revenue
- $600 million to $605 million
- Net income
- $30 million to $32 million
- Result
- guidance update
Exact text from the filing
We expect our fourth quarter 2022 Net Income Attributable to GEO to be in a range of $30 million to $32 million on quarterly revenues of $600 million to $605 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported third quarter 2022 results: revenue $616.7 million, net income $38.3 million, EPS $0.26 per diluted share.
- Period
- third quarter 2022
- Revenue
- $616.7 million
- Net income
- $38.3 million
- EPS
- $0.26 per diluted share
- Result
- reported results
Exact text from the filing
We reported total revenues for the third quarter 2022 of $616.7 million compared to $557.3 million for the third quarter 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported first nine months of 2022 results: revenue $1.76 billion, net income $130.2 million, EPS $0.89 per diluted share.
- Period
- first nine months of 2022
- Revenue
- $1.76 billion
- Net income
- $130.2 million
- EPS
- $0.89 per diluted share
- Result
- reported results
Exact text from the filing
We reported total revenues for the first nine months of 2022 of $1.76 billion compared to $1.70 billion for the first nine months of 2021.
View on SEC.gov
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