{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-276064","form_type":"8-K","ticker":"GEO","cik":"0000923796","company_name":"GEO GROUP INC","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.424649+00:00","generated_at":"2026-06-08T05:58:41.738829+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GEO Group Q3 revenues $602.8M, net income $24.5M; lowers full-year guidance on ISAP slowdown","bullets":["Q3 total revenues $602.8M (down ~2% YoY); net income $24.5M (down 36% YoY); Adjusted EBITDA $118.7M (down from $136.2M).","GAAP diluted EPS $0.16; adjusted EPS $0.19.","Reduced total net debt by $109M in Q3 to ~$1.8B.","Updated FY2023 guidance: revenues ~$2.4B; GAAP net income $100-105M; Adjusted EBITDA $495-500M (down from prior).","Guidance reflects flat to slightly down ISAP participants; ICE budget pressures and federal appropriations uncertainty."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-276064","json":"https://secwatch.observer/filing/0001193125-23-276064.json","markdown":"https://secwatch.observer/filing/0001193125-23-276064.md","text":"https://secwatch.observer/filing/0001193125-23-276064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/d463245d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:58:41.738829+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":"50c7ce1cb9daa909fa4532016c39c3872c45e645","claim":"GEO GROUP INC reported third quarter 2023 results: revenue $602.8 million, net income $24.5 million, EPS $0.16 per diluted share. Guidance reaffirmed.","evidence_excerpt":"and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2023. Third Quarter 2023 Highlights • Total revenues of $602.8 million • Net Income of $24.5 million • Net Income Attributable to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2023"},{"label":"Revenue","value":"$602.8 million"},{"label":"Net income","value":"$24.5 million"},{"label":"EPS","value":"$0.16 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b75aaeb93ed70be3f8941ca0a9e21a3d061fa5b7","claim":"GEO GROUP INC reported first nine months of 2023 results: revenue $1.80 billion, net income $82.0 million, EPS $0.55 per diluted share. Guidance reaffirmed.","evidence_excerpt":"to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million • Reduced Total Net Debt by $109 million to approximately $1.8 billion For the third quarter 2023, we reported net income of $24.5 million, compared to net income of $38.3 million for the third quarter 2022. We reported total revenues for the third","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first nine months of 2023"},{"label":"Revenue","value":"$1.80 billion"},{"label":"Net income","value":"$82.0 million"},{"label":"EPS","value":"$0.55 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}