8-K
filed August 15, 2023, 7:59 PM ET
ticker GEO
CIK 0000923796
earnings
confidence high
sentiment neutral
materiality 0.65
GEO Q2 2023 revenue $593.9M, Adj EBITDA $129.0M; updates FY guidance due to ISAP headwinds
GEO GROUP INC
2023-Q2 EPS reported
$0.39
revenue$1,202,100,000
- Q2 net income $29.5M ($0.20 diluted EPS); adjusted EPS $0.24, adjusted EBITDA $129.0M.
- Total revenue $593.9M vs $588.2M YoY; six-month revenue $1.20B.
- Full-year 2023 guidance: GAAP net income $95M-$110M; Adj EBITDA $490M-$520M; revenue ~$2.4B.
- ISAP participant declines longer than expected; Electronic Monitoring segment headwind cited.
- Net interest expense up $26.1M YoY in Q2 due to 2022 debt refinancing and higher rates.
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 the full-year 2023 results: revenue approximately $2.4 billion, net income between $95 million and $110 million. Guidance reaffirmed.
- Period
- the full-year 2023
- Revenue
- approximately $2.4 billion
- Net income
- between $95 million and $110 million
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
We expect full-year GAAP Net Income to be between $95 million and $110 million, on annual revenues of approximately $2.4 billion
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported the third quarter of 2023 results: revenue $588 million to $603 million, net income between $19 million and $26 million. Guidance initiated.
- Period
- the third quarter of 2023
- Revenue
- $588 million to $603 million
- Net income
- between $19 million and $26 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the third quarter of 2023, we expect Net Income to be between $19 million and $26 million on quarterly revenues of $588 million to $603 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported the six months ended June 30, 2023 results: revenue $1.20 billion, net income $57.5 million, EPS $0.39 per diluted share.
- Period
- the six months ended June 30, 2023
- Revenue
- $1.20 billion
- Net income
- $57.5 million
- EPS
- $0.39 per diluted share
- Result
- reported results
Exact text from the filing
company. We are also continuing our efforts to market our current idle facilities to federal and state government agencies.” First Six Months 2023 Highlights • Total revenues of $1.20 billion • Net Income of $57.5 million • Net Income Attributable to GEO of $0.39 per diluted share • Adjusted Net Income of $0.46 per diluted share • Adjusted EBITDA of $259.9 million For
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported the quarter ended June 30, 2023 results: revenue $593.9 million, net income $29.5 million, EPS $0.20 per diluted share.
- Period
- the quarter ended June 30, 2023
- Revenue
- $593.9 million
- Net income
- $29.5 million
- EPS
- $0.20 per diluted share
- Result
- reported results
Exact text from the filing
and electronic monitoring programs, reported today its financial results for the second quarter and first six months of 2023. Second Quarter 2023 Highlights • Total revenues of $593.9 million • Net Income of $29.5 million • Net Income Attributable to GEO of $0.20 per diluted share • Adjusted Net Income of $0.24 per diluted share • Adjusted EBITDA of $129.0 million For
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GEO GROUP INC reported the fourth quarter of 2023 results: revenue $595 million to $610 million, net income between $19 million and $27 million. Guidance initiated.
- Period
- the fourth quarter of 2023
- Revenue
- $595 million to $610 million
- Net income
- between $19 million and $27 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the fourth quarter of 2023, we expect Net Income to be between $19 million and $27 million on quarterly revenues of $595 million to $610 million
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.