secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001193125-24-198888
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Q2 revenue $607.2M, net loss $0.25/sh on $82.3M debt extinguishment; Adj EPS $0.23
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- Q2 2024 revenue $607.2M (+2.2% YoY); net loss $32.5M ($0.25 diluted) vs net income $29.6M ($0.20) in Q2 2023.
- Adjusted EBITDA $119.3M (down 7.5% YoY); adjusted net income $30.1M ($0.23) vs $29.2M ($0.24) last year.
- FY2024 guidance: revenue ~$2.44B; Adj EBITDA $485M-$505M; GAAP EPS $0.40-$0.51; Adj EPS $0.82-$0.93.
- Completed debt refinancing; exchanged $229.4M convertible notes; net debt $1.754B as of June 30.
- New one-year contract with Oklahoma DOC for Lawton Facility through June 2025; ICE extends Adelanto task order to Oct 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312524198888/0001193125-24-198888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312524198888/d750002d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-198888

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