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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 Says Board Expanded Size To Seven Members
Wednesday, 11 Jul 2018 04:38pm EDT 

July 11 (Reuters) - Geo Group Inc ::GEO GROUP INC SAYS EFFECTIVE JULY 6 BOARD EXPANDED SIZE OF BOARD TO SEVEN MEMBERS - SEC FILING.  Full Article

Geo Group Q4 Adjusted FFO Per Share $0.67
Wednesday, 14 Feb 2018 06:55am EST 

Feb 14 (Reuters) - Geo Group Inc ::THE GEO GROUP REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS AND ANNOUNCES $200 MILLION STOCK REPURCHASE PROGRAM.SEES FY 2018 ADJUSTED FFO PER SHARE $2.40 TO $2.50.Q4 ADJUSTED FFO PER SHARE $0.67.SEES FY 2018 REVENUE ABOUT $2.3 BILLION.SEES Q1 2018 REVENUE $556 MILLION TO $561 MILLION.Q4 REVENUE $569 MILLION VERSUS $566.6 MILLION.SEES Q1 2018 ADJUSTED FFO PER SHARE $0.55 TO $0.57.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​.  Full Article

The Geo Group Q3 adjusted FFO per share $0.63
Tuesday, 31 Oct 2017 06:55am EDT 

Oct 31 (Reuters) - Geo Group Inc ::The Geo Group reports third quarter 2017 results.Q3 adjusted FFO per share $0.63.Sees Q4 2017 revenue $557 million to $562 million.Sees FY 2017 revenue about $2.25 billion.Q3 revenue $566.8 million versus I/B/E/S view $556.3 million.Sees FY 2017 adjusted FFO per share $2.52 to $2.54.Sees Q4 2017 adjusted FFO per share $0.63 to $0.65.Geo Group Inc qtrly ‍normalized FFO of $0.48 per diluted share​.Q3 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.92 -- Thomson Reuters I/B/E/S.  Full Article

Geo Group Inc files for potential mixed shelf offering
Friday, 20 Oct 2017 07:52pm EDT 

Oct 20 (Reuters) - Geo Group Inc ::Geo Group Inc files for potential mixed shelf offering; size not disclosed .  Full Article

The GEO Group declares quarterly cash dividend of $0.47 per share
Thursday, 12 Oct 2017 06:55am EDT 

Oct 12 (Reuters) - GEO Group Inc :The GEO Group declares quarterly cash dividend of $0.47 per share.  Full Article

Geo Group reports Q2 adjusted FFO per share $0.61
Monday, 7 Aug 2017 06:55am EDT 

Aug 7 (Reuters) - Geo Group Inc :The Geo Group reports second quarter 2017 results.Q2 adjusted FFO per share $0.61.Sees Q3 2017 revenue $554 million to $559 million.Sees Q4 2017 revenue $557 million to $562 million.Q2 revenue $577.1 million versus I/B/E/S view $584.7 million.Sees Q4 2017 adjusted FFO per share $0.63 to $0.65.Sees Q3 2017 adjusted FFO per share $0.61 to $0.63.Sees FY 2017 adjusted FFO per share $2.50 to $2.54.Sees FY 2017 revenue about $2.24 billion.Geo Group - During Q3 , expects utilization rates at its ice facilities to improve sequentially from Q2 2017 but to be slightly below previously projected levels.Geo Group Inc - Q3 2017 guidance also reflects discontinuation of Geo care's family case management pilot program under contract with ICE.FY2017 FFO per share view $1.98 -- Thomson Reuters I/B/E/S.Q3 FFO per share view $0.50 -- Thomson Reuters I/B/E/S.Q3 revenue view $579.0 million -- Thomson Reuters I/B/E/S.Q2 revenue view $584.7 million -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.  Full Article

The Geo Group declares quarterly cash dividend of $0.47 per share
Monday, 10 Jul 2017 06:55am EDT 

July 10 (Reuters) - Geo Group Inc ::The Geo Group declares quarterly cash dividend of $0.47 per share.  Full Article

Cohen & Steers reports 11.02 pct passive stake in Geo Group Inc
Monday, 12 Jun 2017 03:42pm EDT 

June 12 (Reuters) - Geo Group Inc :Cohen & Steers Inc reports 11.02 percent passive stake in Geo Group Inc as of May 31 - sec filing.  Full Article

The Geo Group awarded 10-year contracts by the federal bureau of prisons for 3,532 existing beds in Big Spring, Texas
Friday, 26 May 2017 06:55am EDT 

May 26 (Reuters) - Geo Group Inc ::The Geo Group awarded 10-year contracts by the federal bureau of prisons for 3,532 existing beds in Big Spring, Texas.Geo Group Inc - contracts are expected to generate total combined revenues of approximately $664 million over their full ten-year terms.Geo Group Inc- contracts' expected financial contribution in 2017 in-line with assumptions which were included in Geo's most recently issued guidance.Geo Group Inc - has been awarded two ten-year contracts, inclusive of renewal option periods, by federal bureau of prisons.  Full Article

The Geo Group reports Q1 adjusted FFO per share $0.65
Tuesday, 2 May 2017 06:55am EDT 

May 2 (Reuters) - Geo Group Inc : :The Geo Group reports first quarter 2017 results.Q1 adjusted FFO per share $0.65.Sees Q2 2017 revenue $581 million to $586 million.Sees FY 2017 revenue about $2.28 billion.Q1 revenue $550.6 million versus I/B/E/S view $550.8 million.Sees fy 2017 adjusted FFO per share $1.93 to $2.00.Geo Group Inc qtrly normalized ffo of $0.51 per diluted share.Geo Group Inc - updated split-adjusted FY17 guidance for gaap net income attributable to geo of $1.27-$1.34 per diluted share.Geo Group Inc - updated split-adjusted FY17 guidance for adjusted net income of $1.34-$1.41 per diluted share.Geo Group Inc - confirmed split-adjusted FY17 guidance for normalized ffo of $1.93-$2.00 per diluted share and affo of $2.47-$2.53 per diluted share.Q1 earnings per share view $0.33, revenue view $550.8 million -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $2.04 -- Thomson Reuters I/B/E/S.Geo Group Inc - for Q2 2017, Geo expects normalized FFO in a range of $0.46 to $0.48 per diluted share.Geo Group Inc - for q2 2017, GEO expects AFFO in a range of $0.59 to $0.61 per diluted share.Q2 FFO per share view $0.48 -- Thomson Reuters I/B/E/S.  Full Article

Judge certifies class of GEO Group detainees paid $1 a day

A federal judge in Washington State has certified a class of hundreds of detainees at an immigration center operated by GEO Group Inc who accuse the company of unlawfully paying them $1 per day to clean, prepare food and maintain the facility.