{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-130595","form_type":"8-K","ticker":"GEO","cik":"0000923796","company_name":"GEO GROUP INC","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.839305+00:00","generated_at":"2026-06-16T05:57:59.416625+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GEO Group Q1 2023 revenue $608.2M, net income $28M, adjusted EBITDA $130.9M; cuts net debt $70M","bullets":["Q1 revenue $608.2M (up from $551.2M YoY); net income $28.0M ($0.19 diluted EPS); adjusted EPS $0.22.","Adjusted EBITDA $130.9M versus $125.2M in Q1 2022; interest expense rose $22.6M YoY due to debt restructuring.","Reduced net debt by ~$70M in Q1; target net leverage below 3.5x by end of 2023 and below 3x by end of 2024.","New lease with Oklahoma for 1,900-bed Great Plains facility, 5.5-year term from May 2023, expected annual lease revenue ~$8.5M.","FY2023 guidance: revenue $2.38B-$2.46B, net income $105M-$125M, adjusted EBITDA $507M-$537M; Q2 guidance also provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-130595","json":"https://secwatch.observer/filing/0001193125-23-130595.json","markdown":"https://secwatch.observer/filing/0001193125-23-130595.md","text":"https://secwatch.observer/filing/0001193125-23-130595.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923796/000119312523130595/0001193125-23-130595-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923796/000119312523130595/d475612d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:57:59.416625+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":"2b22ffed853f88be5e20329f74c1036e02239eae","claim":"GEO GROUP INC reported second quarter 2023 results: revenue $585 million to $590 million, net income $24 million and $26 million. Guidance initiated.","evidence_excerpt":"For the second quarter of 2023, we expect Net Income to be between $24 million and $26 million on quarterly revenues of $585 million to $590 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523130595/0001193125-23-130595-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$585 million to $590 million"},{"label":"Net income","value":"$24 million and $26 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"693230756312925e8ac2e1c8dd242268b7dcafdb","claim":"GEO GROUP INC reported first quarter ended March 31, 2023 results: revenue $608.2 million, net income $28.0 million, EPS $0.19 per diluted share.","evidence_excerpt":"post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2023. First Quarter 2023 Highlights • Total revenues of $608.2 million • Net Income of $28.0 million • Net Income Attributable to GEO of $0.19 per diluted share • Adjusted Net Income of $0.22 per diluted share • Adjusted EBITDA of $130.9 million •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523130595/0001193125-23-130595-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$608.2 million"},{"label":"Net income","value":"$28.0 million"},{"label":"EPS","value":"$0.19 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c8b93e63fcf2db64ef5444d43232a8db38a9da14","claim":"GEO GROUP INC reported full year 2023 results: revenue $2.38 billion and $2.46 billion, net income $105 million and $125 million.","evidence_excerpt":"We updated our financial guidance for 2023. We expect full year 2023 Net Income to be between $105 million and $125 million on annual revenues of between $2.38 billion and $2.46 billion.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523130595/0001193125-23-130595-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$2.38 billion and $2.46 billion"},{"label":"Net income","value":"$105 million and $125 million"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}