{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-043519","form_type":"8-K","ticker":"GEO","cik":"0000923796","company_name":"GEO GROUP INC","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.606375+00:00","generated_at":"2026-06-19T07:39:54.528575+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"GEO Group Q4 2022 net income $41.8M; FY 2023 guidance: rev $2.37-2.47B, Adj EBITDA $500-540M","bullets":["Q4 2022 revenues $620.7M, net income $41.8M ($0.28 diluted EPS), Adjusted EBITDA $145.5M.","Full year 2022 revenues $2.38B, net income $172.0M ($1.17 diluted EPS), Adjusted EBITDA $539.2M.","FY 2023 guidance: revenues $2.37-2.47B, net income $100-127M, Adjusted EBITDA $500-540M.","Net debt ~$1.975B, net leverage 3.7x; targeting below 3.5x by end 2023 and below 3x by end 2024.","ISAP program participants below 290,000 due to policy changes; guidance assumes continued reduction at low end."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-043519","json":"https://secwatch.observer/filing/0001193125-23-043519.json","markdown":"https://secwatch.observer/filing/0001193125-23-043519.md","text":"https://secwatch.observer/filing/0001193125-23-043519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/d426398d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T07:39:54.528575+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4bd38c89401e02caf772c36a9f7fe9a7025b17cc","claim":"GEO GROUP INC reported first quarter 2023 results: revenue quarterly revenues of $605 million to $610 million, net income Net Income Attributable to GEO to be between $26 million and $28 million. Guidance initiated.","evidence_excerpt":"For the first quarter of 2023, we expect Net Income Attributable to GEO to be between $26 million and $28 million on quarterly revenues of $605 million to $610 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"quarterly revenues of $605 million to $610 million"},{"label":"Net income","value":"Net Income Attributable to GEO to be between $26 million and $28 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"57bb4c7d3a6fe7e6d98eed6c2077a43486efa854","claim":"GEO GROUP INC reported full year ended December 31, 2022 results: revenue total revenues of $2.38 billion, net income Net Income of $172.0 million, EPS Net Income Attributable to GEO of $1.17 per diluted share.","evidence_excerpt":"Full Year 2022 Highlights • Total revenues of $2.38 billion • Net Income of $172.0 million • Net Income Attributable to GEO of $1.17 per diluted share • Adjusted Net Income of $1.40 per diluted share • Adjusted EBITDA of $539.2 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"total revenues of $2.38 billion"},{"label":"Net income","value":"Net Income of $172.0 million"},{"label":"EPS","value":"Net Income Attributable to GEO of $1.17 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"60550bd3a049f692d44eebae4b5b480a542c9d0a","claim":"GEO GROUP INC reported full year 2023 results: revenue annual revenues of between $2.37 billion and $2.47 billion, net income Net Income Attributable to GEO to be between $100 million and $127 million. Guidance initiated.","evidence_excerpt":"We expect full year 2023 Net Income Attributable to GEO to be between $100 million and $127 million on annual revenues of between $2.37 billion and $2.47 billion.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"annual revenues of between $2.37 billion and $2.47 billion"},{"label":"Net income","value":"Net Income Attributable to GEO to be between $100 million and $127 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"bfce16c8577c4de34f93d625cc7cd09e1640f31d","claim":"GEO GROUP INC reported fourth quarter ended December 31, 2022 results: revenue total revenues of $620.7 million, net income Net Income of $41.8 million, EPS Net Income Attributable to GEO of $0.28 per diluted share.","evidence_excerpt":"Fourth Quarter 2022 Highlights • Total revenues of $620.7 million • Net Income of $41.8 million • Net Income Attributable to GEO of $0.28 per diluted share • Adjusted Net Income of $0.34 per diluted share • Adjusted EBITDA of $145.5 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"total revenues of $620.7 million"},{"label":"Net income","value":"Net Income of $41.8 million"},{"label":"EPS","value":"Net Income Attributable to GEO of $0.28 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}