GEO Q4 net income $0.11 diluted, Adj EBITDA $108M on $607.7M revenue; new ICE contract worth ~$1B over 15 years

GEO GROUP INC

2024-FY EPS reported $0.22 revenue$2,423,702,000

Q4 2024: Net income $15.5M ($0.11 diluted); adjusted net income $0.13 diluted.
Adjusted EBITDA $108.0M on revenue $607.7M; below guidance due to higher G&A expenses.
Full year 2024: Adj. net income $0.75 diluted, Adj. EBITDA $463.5M on revenue $2.42B.
FY 2025 guidance: Revenue ~$2.5B, Adj. EBITDA $460M-$485M, EPS $0.74-$0.88 diluted.
Awarded 15-year ICE contract for Delaney Hall Facility; ~$1B total value, $60M annual revenue.

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