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Geo Group Inc (GEO.N)

GEO.N on New York Stock Exchange

45.97USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Geo Group says selling 6.9 mln shares of common stock for $288.1 mln
Thursday, 9 Mar 2017 06:55am EST 

Geo Group Inc : Geo Group- after giving effect to full exercise of option, co selling 6.9 million shares of common stock for total gross proceeds of about $288.1 million .Geo Group Inc - settlement of sale of additional shares is expected to take place on march 13, 2016.  Full Article

The Geo Group Inc announces pricing of offering of common stock
Wednesday, 8 Mar 2017 06:55am EST 

Geo Group Inc : The Geo Group Inc announces pricing of offering of common stock .Says public offering of 6.00 million common shares priced at $41.75 per share.  Full Article

Geo Group announces offering of 6 million common shares
Tuesday, 7 Mar 2017 04:08pm EST 

Geo Group Inc : The Geo Group, Inc announces offering of common stock . Says offering 6.00 million common shares .Geo Group Inc - Geo intends to use net proceeds to repay amounts outstanding under Geo's revolver portion of its senior credit facility.  Full Article

Geo Group announces $360 million acquisition of Community Education Centers
Wednesday, 22 Feb 2017 06:55am EST 

Geo Group Inc : The Geo Group announces $360 million acquisition of Community Education Centers . Geo Group Inc says Geo plans to integrate CEC into Geo's existing business units of Geo Corrections & Detention and Geo Care . Geo Group Inc - Geo will acquire cec for $360 million in an all cash transaction, excluding transaction related expenses . Geo Group Inc - Geo will not assume any debt as a result of transaction . Geo Group Inc - expect to achieve annualized net synergies of approximately $5 million from deal . Geo Group Inc says acquisition is expected to increase geo's total annualized revenues by approximately $250 million . Geo Group Inc - excluding one-time transaction-related expenses and transitional costs, Geo expects acquisition to be modestly accretive in 2017 . Geo Group Inc - anticipates annual net synergies of $5 million to be realized over 9 to 12 months from deal .Geo Group Inc says expects acquisition to be 9-11% accretive to adjusted EBITDA post-synergies on a fully annualized basis beginning in 2018.  Full Article

Geo Group Q4 normalized FFO of $0.83 per share
Wednesday, 22 Feb 2017 06:55am EST 

Geo Group Inc : The geo group reports fourth quarter and full-year 2016 results . Sees FY 2017 adjusted FFO per share $3.70 to $3.80 . Q4 adjusted FFO per share $0.83 . Sees Q1 2017 revenue $549 million to $554 million . Sees FY 2017 revenue about $2.1 billion . Q4 revenue $566.6 million versus i/b/e/s view $556.6 million . Says issues FY2017 EPS guidance of $2.05-$2.15 per diluted share . Sees FY normalized FFO guidance of $2.90-$3.00 per diluted share . Geo Group Inc - Geo expects full-year 2017 normalized FFO in a range of $2.90 to $3.00 per diluted share . Qtrly normalized FFO of $0.83 per diluted share . Fy2017 FFO per share view $3.09 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $2.06, revenue view $1.98 billion -- Thomson Reuters I/B/E/S . Geo group inc sees Q1 AFFO in a range of $0.90 to $0.92 per diluted share . Sees Q1 normalized FFO in a range of $0.70 to $0.72 per diluted share . Q4 FFO per share view $0.76 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.75 -- Thomson Reuters I/B/E/S . Q1 revenue view $514.4 million -- Thomson Reuters I/B/E/S .Fy2017 revenue view $1.98 billion -- Thomson Reuters I/B/E/S.  Full Article

Geo Group declares quarterly cash dividend of $0.70 per share
Monday, 6 Feb 2017 06:55am EST 

Geo Group Inc - :The Geo Group declares quarterly cash dividend of $0.70 per share.  Full Article

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

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