---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-065374"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:37:01.136462+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GEO Group FY23 adjusted EBITDA $507M, net income $107M; FY24 EBITDA guidance $485-515M

## Summary
- FY23 revenue $2.41B, net income $107.2M, adjusted EBITDA $507.2M.
- Reduced net debt by ~$197M in 2023 to $1.78B; target $175-200M annual reduction.
- FY24 guidance: adj. EBITDA $485-515M, EPS $0.87-0.99, capex $70-80M.
- ICE faces budgetary uncertainty; potential shutdown risk after Mar 22 continuing resolution.
- GEO stock trades at ~6.5x EV/Adj. EBITDA, ~12% free cash flow yield.

## SEC filing metadata
- accession: 0001193125-24-065374
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923796/000119312524065374/0001193125-24-065374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312524065374/d761692d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-065374
- JSON: https://secwatch.observer/filing/0001193125-24-065374.json
- Plain text: https://secwatch.observer/filing/0001193125-24-065374.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.