GEO Q1 revenue $605.7M, net income $22.7M; guides FY24 Adj. EBITDA $485M-$515M

GEO GROUP INC

2024-Q1 EPS reported $0.14 revenue$605,672,000

Q1 total revenue $605.7M (vs $608.2M Q1 2023); net income $22.7M (vs $28.0M); Adj. EBITDA $117.6M (vs $130.9M).
Full-year 2024 guidance: net income $55-75M, Adj. EBITDA $485-515M; includes $86M loss on extinguishment of debt.
Q2 2024 guidance: net loss $27-30M on $86M debt extinguishment loss; Rev $600-610M; Adj. EBITDA $119-125M.
Closed $1.275B senior notes (8.625% secured/10.25% unsecured) and $450M Term Loan B; retired $1.5B existing debt.
GEO Transport awarded 5-year ICE air ops subcontract; annualized revenue ~$25M.

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 0.98

GEO GROUP INC reported first quarter 2024 results: revenue $605.7 million, net income $22.7 million.

Period: first quarter 2024
Revenue: $605.7 million
Net income: $22.7 million
Result: reported results

Exact text from the filing

Total revenues of $605.7 million • Net Income of $22.7 million

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

GEO GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-24-137288

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.