Geo Group reports Q1 EPS 14c, consensus 19c

Reports Q1 revenue $605.7M, consensus $603.85M. George C. Zoley, Executive Chairman of GEO, said, “During the Q1, our diversified business units continued to deliver strong operational and financial performance. We are pleased that our steady results and our multiyear strategy to deleverage our balance sheet successfully positioned GEO to refinance substantially all our debt. Our recent successful refinancing has lowered our average cost of debt and has given us greater flexibility to evaluate options to potentially return capital to shareholders. We remain focused on the disciplined allocation of capital to enhance long-term value for our shareholders.”