secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001193125-23-213449
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Q2 2023 revenue $593.9M, Adj EBITDA $129.0M; updates FY guidance due to ISAP headwinds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/d599165d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-213449

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