secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001193125-24-257285
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Q3 rev flat at $603M; adj EPS $0.21; Q4 rev guidance $600-610M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312524257285/0001193125-24-257285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312524257285/d788860d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-257285

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