February 14, 2018 / 12:16 PM / 7 months ago

BRIEF-Geo Group Q4 Adjusted FFO Per Share $0.67

Feb 14 (Reuters) - Geo Group Inc:

* THE GEO GROUP REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS AND ANNOUNCES $200 MILLION STOCK REPURCHASE PROGRAM

* QTRLY ‍NORMALIZED FFO OF $0.52 PER DILUTED SHARE​

* QTRLY GAAP RESULTS INCLUDE $9.6 MILLION CHARGE RELATED TO RE-MEASUREMENT OF NET DEFERRED TAX ASSETS AS A RESULT OF TAX CUTS AND JOBS ACT

* ‍APPROVED A STOCK REPURCHASE PROGRAM OF UP TO $200.0 MILLION OF GEO’S COMMON STOCK THROUGH OCTOBER 20, 2020​

* GEO GROUP - ‍STOCK REPURCHASE PROGRAM WILL BE FUNDED PRIMARILY WITH CASH ON HAND, FREE CASH FLOW, AND BORROWINGS UNDER GEO’S REVOLVING CREDIT FACILITY​ Source text for Eikon: Further company coverage:

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