{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-213449","form_type":"8-K","ticker":"GEO","cik":"0000923796","company_name":"GEO GROUP INC","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.047707+00:00","generated_at":"2026-06-11T09:51:43.016125+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"GEO Q2 2023 revenue $593.9M, Adj EBITDA $129.0M; updates FY guidance due to ISAP headwinds","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-213449","json":"https://secwatch.observer/filing/0001193125-23-213449.json","markdown":"https://secwatch.observer/filing/0001193125-23-213449.md","text":"https://secwatch.observer/filing/0001193125-23-213449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/d599165d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:51:43.016125+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":"29cb01c0e0955f27b52d6e2a8dbbdaea0db4924e","claim":"GEO GROUP INC reported the full-year 2023 results: revenue approximately $2.4 billion, net income between $95 million and $110 million. Guidance reaffirmed.","evidence_excerpt":"We expect full-year GAAP Net Income to be between $95 million and $110 million, on annual revenues of approximately $2.4 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full-year 2023"},{"label":"Revenue","value":"approximately $2.4 billion"},{"label":"Net income","value":"between $95 million and $110 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"5566d489a398c6051df9ac8b1e5ee4339f5a1e56","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$588 million to $603 million"},{"label":"Net income","value":"between $19 million and $26 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"84c11b399429929a0e1defc8ad0cddd958f81246","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$1.20 billion"},{"label":"Net income","value":"$57.5 million"},{"label":"EPS","value":"$0.39 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8e267c91d8b6e59e66bb37969d2667e13bd89e09","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$593.9 million"},{"label":"Net income","value":"$29.5 million"},{"label":"EPS","value":"$0.20 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"af24ef15cef879c30ba65898fd7e93e4d1445266","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Revenue","value":"$595 million to $610 million"},{"label":"Net income","value":"between $19 million and $27 million"},{"label":"Guidance","value":"initiated"},{"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"}