earnings
confidence high
sentiment neutral
materiality 0.60
GEO Q3 rev flat at $603M; adj EPS $0.21; Q4 rev guidance $600-610M
GEO GROUP INC
2024-Q3 EPS reported
$0.11
revenue$1,815,982,000
- Q3 GAAP net income $26.3M ($0.19/sh) vs $24.5M ($0.16) year ago; adj. net income $29.1M ($0.21) vs $23.6M ($0.19).
- Q3 Adj. EBITDA $118.6M, virtually flat vs $118.7M in Q3 2023; revenues $603.1M vs $602.8M.
- Q4 2024 guidance: rev $600-610M, Adj. EBITDA $114-124M, GAAP EPS $0.19-0.22.
- ISAP participant counts averaged ~177k in Q3 (down from ~184k in Q2); recovered to ~182.5k post-quarter.
- ICE exercised first 5-year option on Adelanto Processing Center, extending contract through Dec 2029.