Geo Group Inc ( (GEO) ) has released its Q4 earnings. Here is a breakdown of the information Geo Group Inc presented to its investors.
The GEO Group, Inc. is a leading diversified government service provider specializing in the design, financing, development, and support services for secure facilities, processing centers, and community reentry centers across several countries, including the United States, Australia, South Africa, and the United Kingdom.
The GEO Group recently reported its financial results for the fourth quarter and full year of 2024, highlighting a total revenue of $607.7 million for the quarter and $2.42 billion for the year. Despite a slight decrease in net income compared to the previous year, the company remains focused on strategic growth and debt reduction.
Key financial metrics for the fourth quarter of 2024 included a net income of $15.5 million and an adjusted EBITDA of $108.0 million. The company faced higher general and administrative expenses due to a reorganization of its management team and preparation for future growth projects. For the full year, GEO reported a net income of $31.9 million and adjusted EBITDA of $463.5 million, reflecting costs associated with debt extinguishment.
Looking ahead, GEO Group’s management is optimistic about 2025, expecting net income attributable to GEO to range between $0.74 and $0.88 per diluted share, with revenues projected at approximately $2.5 billion. The company is also focusing on reducing its net debt and exploring opportunities for shareholder returns, while anticipating new growth opportunities that could enhance its financial outlook.
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