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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)

The Geo Group Reports Q1 Adjusted FFO Per Share $0.57
Thursday, 26 Apr 2018 

April 26 (Reuters) - Geo Group Inc ::THE GEO GROUP REPORTS FIRST QUARTER 2018 RESULTS.SEES FY 2018 ADJUSTED FFO PER SHARE $2.45 TO $2.53.SEES Q2 2018 ADJUSTED FFO PER SHARE $0.59 TO $0.61.Q1 ADJUSTED FFO PER SHARE $0.57.SEES FY 2018 REVENUE ABOUT $2.3 BILLION.SEES Q2 2018 REVENUE $571 MILLION TO $576 MILLION.Q1 REVENUE $564.9 MILLION VERSUS I/B/E/S VIEW $559.8 MILLION.QTRLY NORMALIZED FFO OF $0.43 PER DILUTED SHARE.  Full Article

GEOAmey Joint Venture Signs Court Custody And Prisoner Escort Services Contract In Scotland
Thursday, 29 Mar 2018 

March 29 (Reuters) - GEO Group Inc ::GEOAMEY JOINT VENTURE SIGNS COURT CUSTODY AND PRISONER ESCORT SERVICES CONTRACT IN SCOTLAND.GEO GROUP INC - CONTRACT WILL HAVE A BASE TERM OF EIGHT YEARS EFFECTIVE JANUARY 26, 2019 WITH A RENEWAL OPTION PERIOD OF FOUR YEARS.  Full Article

The Geo Group Q3 adjusted FFO per share $0.63
Tuesday, 31 Oct 2017 

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
Saturday, 21 Oct 2017 

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 

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

GEO Group provides update on contract renewal for the D. Ray James Correctional Facility
Friday, 30 Sep 2016 

Geo Group Inc : Provides update on contract renewal for the D. Ray James Correctional Facility . BOP extended contract for company-owned D. Ray James Correctional Facility for a two-year renewal term through September 30, 2018 . GEO does not expect to revise its previously issued guidance as a result of this renewal .Contract for housing of up to 1,900 federal inmates with a fixed payment for 1,800 beds.  Full Article

Geo Group announces bank guarantee facility of $76.8 mln
Thursday, 25 Aug 2016 

Geo Group Inc :On aug 18, executed letter of offer providing for bank guarantee/standby sub-facility in aggregate amount of $76.8 million - sec filing.  Full Article

S&P places Geo Group ratings on creditwatch with negative implications
Friday, 19 Aug 2016 

S&P Global Ratings: Geo Group Inc ratings placed on creditwatch with negative implications . Change in industry fundamentals could materially impact Geo's operating performance, resulting in a deterioration of credit metrics .Believe there is risk government agencies including U.S. Marshals Service could consider plans to reduce use of private prison operators such as Geo Group.  Full Article

Geo Group announces change to contract renewal status for D. Ray James correctional facility
Friday, 19 Aug 2016 

Geo Group Inc : The Geo Group announces change to contract renewal status for the D. Ray James Correctional Facility . Expects to receive a new contract modification to operate Ray James facility under new terms to be negotiated .Federal Bureau Of Prisons rescinded its previously granted contract modification extending Geo's contract for D. Ray James Facility.  Full Article

Geo Group comments on DOJ's announcement
Friday, 19 Aug 2016 

Geo Group Inc : GEO Group comments on Department Of Justice announcement and announces investor and analyst conference call . Says "impact of this decision on GEO is not imminent" . Says "BOP will continue, on a case-by-case basis, to determine whether to extend contracts at end of their contract period" .Says "Will continue to work with BOP, as well as all of our government partners".  Full Article

BRIEF-Geo Group Says Entered Into That Certain Amendment No.1 To Third Amended And Restated Credit Agreement

* GEO GROUP INC SAYS ON APRIL 30 ENTERED INTO THAT CERTAIN AMENDMENT NO.1 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILING