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Geo Group Inc (GEO.N)

GEO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

GEO Group provides update on contract renewal for the D. Ray James Correctional Facility
Friday, 30 Sep 2016 08:15am EDT 

Geo Group Inc : Provides update on contract renewal for the D. Ray James Correctional Facility . BOP extended contract for company-owned D. Ray James Correctional Facility for a two-year renewal term through September 30, 2018 . GEO does not expect to revise its previously issued guidance as a result of this renewal .Contract for housing of up to 1,900 federal inmates with a fixed payment for 1,800 beds.  Full Article

Geo Group announces bank guarantee facility of $76.8 mln
Wednesday, 24 Aug 2016 05:16pm EDT 

Geo Group Inc :On aug 18, executed letter of offer providing for bank guarantee/standby sub-facility in aggregate amount of $76.8 million - sec filing.  Full Article

S&P places Geo Group ratings on creditwatch with negative implications
Friday, 19 Aug 2016 02:21pm EDT 

S&P Global Ratings: Geo Group Inc ratings placed on creditwatch with negative implications . Change in industry fundamentals could materially impact Geo's operating performance, resulting in a deterioration of credit metrics .Believe there is risk government agencies including U.S. Marshals Service could consider plans to reduce use of private prison operators such as Geo Group.  Full Article

Geo Group announces change to contract renewal status for D. Ray James correctional facility
Friday, 19 Aug 2016 09:56am EDT 

Geo Group Inc : The Geo Group announces change to contract renewal status for the D. Ray James Correctional Facility . Expects to receive a new contract modification to operate Ray James facility under new terms to be negotiated .Federal Bureau Of Prisons rescinded its previously granted contract modification extending Geo's contract for D. Ray James Facility.  Full Article

Geo Group comments on DOJ's announcement
Thursday, 18 Aug 2016 04:58pm EDT 

Geo Group Inc : GEO Group comments on Department Of Justice announcement and announces investor and analyst conference call . Says "impact of this decision on GEO is not imminent" . Says "BOP will continue, on a case-by-case basis, to determine whether to extend contracts at end of their contract period" .Says "Will continue to work with BOP, as well as all of our government partners".  Full Article

Geo Group Q2 adjusted FFO per share $0.73
Tuesday, 2 Aug 2016 06:55am EDT 

Geo Group Inc : The Geo Group reports second quarter 2016 results . Q2 adjusted FFO per share $0.73 . Q2 revenue $548.4 million versus I/B/E/S view $547.2 million . Sees Q4 2016 adjusted FFO per share $0.92 to $0.95 . Sees Q3 2016 adjusted FFO per share $0.92 to $0.94 . Sees Q3 2016 revenue $565 million to $570 million . Sees Q4 2016 revenue $550 million to $555 million . Sees FY 2016 revenue about $2.18 billion . Sees FY 2016 adjusted FFO per share $3.59 to $3.64 . Continued organic growth representative of ongoing demand for correctional,detention bed space, rehabilitation,reentry programs across u.s. . Expects Q3 2016 AFFO to be in a range of $0.92 to $0.94 per diluted share . Expects Q4 2016 AFFO to be in a range of $0.92 to $0.95 per diluted share . Expects Q4 2016 EPS to be in a range of $0.52 to $0.55 per diluted share . Q2 FFO per share view $0.71 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.83 -- Thomson Reuters I/B/E/S .FY2016 FFO per share view $3.13 -- Thomson Reuters I/B/E/S.  Full Article

Geo Group Q2 adjusted FFO per share $0.73
Tuesday, 2 Aug 2016 06:55am EDT 

Geo Group Inc : The Geo Group reports second quarter 2016 results . Sees Q3 2016 adjusted FFO per share $0.92 to $0.94 . Sees Q3 2016 revenue $565 million to $570 million . Sees FY 2016 revenue about $2.18 billion . Sees FY 2016 adjusted FFO per share $3.59 to $3.64 . Sees Q4 2016 adjusted FFO per share $0.92 to $0.95 . Q2 adjusted FFO per share $0.73 . Sees q4 2016 revenue $550 million to $555 million . Q2 revenue $548.4 million versus I/B/E/S view $547.2 million . Continued organic growth representative of ongoing demand for correctional, detention bed space, rehabilitation, reentry programs across u.s. . Expects Q4 2016 EPS to be in a range of $0.52 to $0.55 per diluted share . Fy2016 FFO per share view $3.13 -- Thomson Reuters I/B/E/S . Expects q3 2016 AFFO to be in a range of $0.92 to $0.94 per diluted share . Expects q4 2016 AFFO to be in a range of $0.92 to $0.95 per diluted share . Q1 FFO per share view $0.83 -- Thomson Reuters I/B/E/S .Q2 FFO per share view $0.82 -- Thomson Reuters I/B/E/S.  Full Article

Geo group says quarterly cash div of $0.65 per share
Wednesday, 20 Jul 2016 06:55am EDT 

Geo Group Inc :The GEO Group declares quarterly cash dividend of $0.65 per share.  Full Article

GEO Group Inc updates FY 2016 guidance; issues Q2 2016 guidance
Thursday, 28 Apr 2016 06:55am EDT 

GEO Group Inc:Updated its financial guidance for FY 2016 and issued guidance for Q2 2016.Expects Fy 2016 total revenues to be in a range of $2.18 billion to $2.20 billion, including about $264 million in construction revenue associated with GEO's contract for the development and operation of the Ravenhall, Australia project.Expects its FY 2016 AFFO to be in a range of $3.54 to $3.62 per diluted share.Expects adjusted EPS for FY 2016 to be in a range of $1.96 to $2.04 per diluted share.Expects Q2 2016 total revenues to be in a range of $544 million to $549 million, including about $70 million in construction revenue associated with GEO's contract for the development and operation of the Ravenhall, Australia project.Expects Q2 2016 AFFO to be in a range of $0.87 to $0.89 per diluted share.Expects Q2 2016 Adjusted EPS to be in a range of $0.47 to $0.49 per diluted share, excluding the write-off of deferred financing fees.  Full Article

GEO Group Announces Offering of Senior Unsecured Notes Due 2026
Monday, 11 Apr 2016 09:21am EDT 

The GEO Group, Inc:intends to offer $300,000,000 aggregate principal amount of senior unsecured notes due 2026 (the "notes"), subject to market and other customary conditions.GEO intends to use the net proceeds to fund the tender offer or the repurchase, redemption or other discharge of any and all of its 6.625% senior notes due 2021, for which it is conducting a cash tender offer, and pay related fees, costs and expenses.  Full Article

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BRIEF-The Geo Group reports Q1 adjusted FFO per share $0.65

* Q1 revenue $550.6 million versus I/B/E/S view $550.8 million