Key Developments: The GEO Group Inc (GEO)

GEO on New York Consolidated

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

The GEO Group Inc raises FY 2014 guidance; reaffirms Q4 2014 AFFO guidance; raises Q4 2014 revenue guidance
Thursday, 6 Nov 2014 07:45am EST 

The GEO Group Inc:Increased FY 2014 AFFO guidance to a range of $3.21 to $3.24 per diluted share, or $232- $235 mln.On GAAP basis increased FY 2014 net income guidance to a range of $1.98 to $2.00 per diluted share.Increased FY 2014 revenue guidance to a range of $1.695 - $1.700 bln.Increased FY 2014 net operating income (EBIT) guidance to a range of $476 - $479 mln.Increased FY 2014 adjusted EBITDA guidance to a range of $346 - $349 mln.Expects Q4 2014 AFFO to be in a range of $0.81 to $0.84 per diluted share.On a GAAP basis expects Q4 2014 net income per diluted share to be in a range of $0.51 to $0.53.Expects Q4 2014 revenues to be in a range of $431 - $4436 mln.FY 2014 AFFO per share of $3.21, revenue of $1.636 bln, EBIT of $224 mln, EBITDA of $324 mln - Thomson Reuters I/B/E/S.Q4 2014 AFFO per share of $0.83, revenue of $416 mln - Thomson Reuters I/B/E/S.  Full Article

The GEO Group Inc declares quarterly cash dividend
Thursday, 6 Nov 2014 07:45am EST 

The GEO Group Inc:Declares quarterly cash dividend of $0.62 per share, which represents 9 pct increase from GEO's most recent quarterly cash dividend.Says dividend payable on Nov. 26.Dividend to shareholders of record as of close of business on Nov. 17.  Full Article

The GEO Group Inc prices offering of senior unsecured notes due 2024
Monday, 22 Sep 2014 04:15pm EDT 

The GEO Group Inc:Prices offering of $250 mln aggregate principal amount of senior unsecured notes due Oct. 2024.Notes will be issued with a coupon and yield to maturity of 5(7)/8 pct.Expected to be completed on Sept. 25, 2014.Intends to use the net proceeds to pay down outstanding borrowings under its Revolving Credit Facility and pay related fees, costs and expenses.BofA Merrill Lynch will act as one of the joint book-runners for the offering.  Full Article

The GEO Group Inc signs contract for development and operation of new 1,000-Bed Ravenhall Prison in Australia
Tuesday, 16 Sep 2014 08:35am EDT 

The GEO Group Inc:Says GEO led consortium comprised of GEO's wholly-owned subsidiary, The GEO Group Australia Pty. Ltd., John Holland Construction, and Honeywell has signed a contract with Department of Justice in State of Victoria for development and operation of new 1,000-bed Prison in Ravenhall.Says facility will have the capacity to house 1,300 inmates should the State of Victoria have the need for additional beds in the future.  Full Article

The GEO Group Inc 's subsidiary awarded contract
Wednesday, 10 Sep 2014 08:36am EDT 

The GEO Group Inc:Says BI Incorporated, subsidiary awarded contract by U.S. Immigration and Customs Enforcement (ICE).Says contract for continued provision of case management and supervision services under the Intensive Supervision and Appearance Program.Contract will have term of five years, inclusive of option periods, effective Sept. 8 and is expected to generate about $47 mln in annualized revenues.  Full Article

The GEO Group Inc raises FY 2014 outlook; gives Q3, Q4 2014 outlook above analysts' estimates; declares quarterly cash dividend
Wednesday, 6 Aug 2014 07:45am EDT 

The GEO Group Inc:Increased its financial guidance for FY 2014 and issued guidance for Q3, Q4 2014.Increased FY 2014 AFFO guidance to a range of $3.18 to $3.24 per diluted share, or $229- $234 mln.On GAAP basis increased FY 2014 net income guidance to a range of $1.93 to $1.99 per diluted share.Increased FY 2014 revenue guidance to a range of $1.626 - $1.636 bln.Increased FY 2014 net operating income guidance to a range of $465 - $470 mln.Increased FY 2014 adjusted EBITDA guidance to a range of $338 - $343 mln.Expects Q3 2014 AFFO to be in a range of $0.81 to $0.84 per diluted share.On a GAAP basis expects Q3 2014 income per diluted share to be in a range of $0.50 to $0.53.Expects Q3 2014 revenues to be in a range of $410 - $415 mln.Expects Q4 2014 AFFO to be in a range of $0.81 to $0.84 per diluted share.On a GAAP basis expects Q4 2014 net income per diluted share to be in a range of $0.50 to $0.53.Expects Q4 2014 revenues to be in a range of $410 - $415 mln.FY 2014 FFO of $3.05, revenue of $1.613 bln, EBIT of $215 mln, EBITDA of $315 mln - Thomson Reuters I/B/E/S.Q3 2014 FFO of $0.77, revenue of $406 mln - Thomson Reuters I/B/E/S.Q4 2014 FFO of $0.80, revenue of $408 mln - Thomson Reuters I/B/E/S.Declares quarterly cash dividend of $0.57 per share.Quarterly cash dividend will be paid on Aug. 29, to shareholders of record as of the close of business on Aug. 18.  Full Article

GEO Group begins construction of new production facility
Monday, 12 May 2014 03:20pm EDT 

GEO Group:Begins construction of new production facility at its Hythe UK site, designed to serve contact lens and personal care markets.  Full Article

GEO Group begins construction of new production facility
Monday, 12 May 2014 03:20pm EDT 

GEO Group:Begins construction of new production facility at its Hythe UK site, designed to serve contact lens and personal care markets.  Full Article

GEO Group Inc reaffirms FY 2014 revenue and EPS outlook; raises FY 2014 FFO outlook; raises FY 2014 operating income and EBITDA outlook; gives Q2 2014 FFO outlook; revenue outlook above estimates
Tuesday, 29 Apr 2014 07:45am EDT 

GEO Group Inc:Expects FY 2014 AFFO to be in the range of $3.00 to $3.08 per diluted share, or $216-$222 mln.On GAAP basis expects FY 2014 net income to be in a range of $1.78 to $1.86 per diluted share.Expects FY 2014 revenues to be in a range of $1.60-$1.62 bln.Expects FY 2014 net operating income guidance to a range of $452-$458 mln.Expects FY 2014 adjusted EBITDA guidance to a range of $325-$331 mln.Expects Q2 2014 AFFO to be in a range of $0.76 to $0.79 per diluted share, or $55-$57 mln.On a GAAP basis, expects Q2 2014 net income per diluted share to be in a range of $0.46 to $0.48.Expects Q2 2014 revenues to be in a range of $404 - $409 mln.FY 2014 FFO of $2.98, revenue of $1.60 bln, EBITDA of $315 mln - Thomson Reuters I/B/E/S.Q2 2014 FFO of $0.75, revenue of $389 mln - Thomson Reuters I/B/E/S.  Full Article

GEO Group declares quarterly cash dividend
Tuesday, 29 Apr 2014 07:45am EDT 

GEO Group:Declared quarterly cash dividend of $0.57 per share.Payment on May 27.Record date May 15.  Full Article

UPDATE 2-Britain to outsource more criminal probation work

LONDON, Oct 29 - Britain named preferred bidders on Wednesday for 21 criminal probation service contracts worth a total of around 450 million pounds ($725 million) a year, with firms chosen including Interserve, Sodexo and GEO Group.

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