secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001193125-22-275915
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Q3 net income $38.3M, Adj. EBITDA $136.2M record; raises full-year Adj. EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/d415016d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275915

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