GEO Group FY2023 revenue $2.41B, net income $113.8M; Q4 revenue $608.3M

GEO GROUP INC

2023-FY EPS reported $0.72 revenue$2,413,167,000

Full year 2023: revenues $2.41B (+1.3% YoY), net income $113.8M (down from $171.7M), Adjusted EBITDA $507.2M (down from $540.0M).
Fourth quarter 2023: revenues $608.3M (down from $620.7M YoY), net income $31.8M (down from $41.5M), Adjusted EBITDA $129.0M (down from $145.5M).
Reduced total net debt by ~$197M in FY23 to $1.78B; Q1 2024 guidance for revenues $600-610M and net income $22-24M.
FY2024 guidance: revenues ~$2.4B, net income $110-125M, Adjusted EBITDA $485-515M, reflecting ICE budget uncertainty.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GEO GROUP INC reported first quarter 2024 results: revenue $600 million to $610 million, net income $22 million to $24 million. Guidance initiated.

Period: first quarter 2024
Revenue: $600 million to $610 million
Net income: $22 million to $24 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2024, we expect Net Income to be in a range of $22 million to $24 million and quarterly revenues in a range of $600 million to $610 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GEO GROUP INC reported full year 2024 results: revenue $2.4 billion, net income $110 million to $125 million. Guidance initiated.

Period: full year 2024
Revenue: $2.4 billion
Net income: $110 million to $125 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2024, we expect Net Income to be in a range of $110 million to $125 million on annual revenues of approximately $2.4 billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GEO GROUP INC reported fourth quarter 2023 results: revenue $608.3 million, net income $31.8 million.

Period: fourth quarter 2023
Revenue: $608.3 million
Net income: $31.8 million
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Highlights • Total revenues of $608.3 million • Net Income of $31.8 million • Adjusted EBITDA of $129.0 million For the fourth quarter 2023, we reported net income of $31.8 million, compared to $41.5 million for the fourth quarter 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GEO GROUP INC reported full year 2023 results: revenue $2.41 billion, net income $113.8 million.

Period: full year 2023
Revenue: $2.41 billion
Net income: $113.8 million
Result: reported results

Exact text from the filing

Full Year 2023 Highlights • Total revenues of $2.41 billion • Net Income of $113.8 million • Adjusted EBITDA of $507.2 million • Reduced Total Net Debt by Approximately $197.0 million in FY23 to

View on SEC.gov

Browse all earnings releases →

GEO GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-24-042879

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.