February 14, 2018 / 12:18 PM / 6 days 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

* 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​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below