secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001193125-23-276064
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Group Q3 revenues $602.8M, net income $24.5M; lowers full-year guidance on ISAP slowdown
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/d463245d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-276064

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