secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001193125-24-065374
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312524065374/0001193125-24-065374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312524065374/d761692d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-065374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer