Politics & Government'Dreams Of A Better Life': ICE Detains College Student And Her Mom At LI Home, Fiance SaysA Long Island college student and her mother were detained by ICE and sent to a Louisiana detention center in May, fiance says.Sara Lizeth Lopez Garcia, a Suffolk County Community College honors student, her mother and her 17-year-old brother were detained by ICE in May, sources said.They are currently detained in Lousiana while the teen is staying with neighbors on LI. (Courtesy Santiago Ruiz Cast ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to_______ Commission file number: 1-14260 The GEO Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

The GEO Group (GEO) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Pablo Paez - Executive Vice President of Corporate RelationsDavid Donahue - CEOMark Suchinski - CFO & Senior VPJason Weaver - Managing Director - Equity ResearchJay McCanless - SVP - Equity ResearchKirk Ludtke - Managing DirectorRaj Sharma - Managing Director Conference Call Participants Joe Gomes - Senior Research AnalystGreg Gibas - Vice President & Senior Research AnalystBrendan McCarthy - Equity Research Analyst Oper ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of approximately $19.6 million or $0.14 per diluted share on revenues of approximately $605 million, compared to net income of approximately $22.7 million or $0.14 per diluted share in Q1 2024 on revenues of approximately $606 million [24][25] - Adjusted EBITDA for Q1 2025 was approximately $100 million, down from approximately $118 million in the prior year's first quarter [24][25] - Operating expenses increased by approximately 3% year over year, reflecting higher labor costs and general administrative expenses [25][26] Business Line Data and Key Metrics Changes - Revenues from owned and leased secure service facilities increased by approximately 3% year over year, while revenues from electronic monitoring and supervision services declined by approximately 10% [24][25] - Combined revenues from owned and leased reentry centers, managed only facilities, and non-residential service contracts were largely unchanged compared to the prior year's first quarter [25] Market Data and Key Metrics Changes - Utilization at facilities under contract with ICE is currently at approximately 16,000 beds, the highest level of utilization in over five years, while ICE detention levels are estimated at about 48,000 beds nationwide [10][11] - The company has around 3,000 beds available under contract with the US Marshals Service and approximately 6,500 beds at idle facilities [10][11] Company Strategy and Development Direction - The company is focused on expanding its capabilities to assist the federal government with immigration enforcement priorities, including a $70 million investment to enhance detention capacity and related services [5][32] - The company has reorganized its corporate management structure to strengthen operational oversight in anticipation of expected growth [5][32] - The guidance for 2025 reflects a "tale of two halves," with the first half impacted by higher overhead and operating expenses, while growth is expected to begin in the second half [6][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the anticipated growth opportunities due to increased immigration enforcement and the need for additional detention capacity [5][32] - The company expects to see additional contract awards in the second quarter of 2025, which will likely activate in the second half of the year [10][11] - Management highlighted the importance of the budget reconciliation process in Congress for future funding availability for ICE [19][80] Other Important Information - The company ended Q1 2025 with approximately $1.68 billion in total net debt and expects to reduce net debt by approximately $150 million to $175 million for the full year [19][30] - The company is exploring options for the potential purchase, leasing, or operation of third-party owned facilities to meet federal government needs [13][14] Q&A Session Summary Question: What caused the larger fall in operating income for the electronic monitoring segment? - Management indicated that the decline in profitability was due to a mix shift away from phone services to GPS monitoring devices, impacting margins [39][40] Question: Is the $45 billion funding for ICE detention inclusive of ATD? - Management noted that the focus is on interior enforcement and that as the budget process unfolds, greater utilization of electronic monitoring is expected [41][42][45] Question: What is the current status of ICE detainee numbers? - Management stated that the agency has rapidly increased the number of detainees, and new contracts will help expand capacity [46][48] Question: Will the company consider opportunities in Alabama for new facilities? - Management expressed openness to supporting any governmental client but emphasized the primary focus on federal partners [49][50] Question: What is the status of the Northlake contract? - Management clarified that capital investment for the Northlake facility is included in overall guidance and will be accretive over the contract timeline [72] Question: How does the company view the potential for share buybacks? - Management indicated that share buybacks would be considered once leverage levels are appropriate and after executing current commitments [89][90]

Geo Group (GEO) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this private prison operator would post earnings of $0.21 per share when it actually produced earnings of $0.13, delivering a surprise of -38.10%.Over the last four quarters, t ...

Supplemental Information First Quarter 2025 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this information, except as required by law. GEO's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect G ...

Exhibit 99.1 NEWS RELEASE 4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com CR-25-08 THE GEO GROUP REPORTS FIRST QUARTER 2025 RESULTS Contact: Pablo E. Paez Executive Vice President, Corporate Relations (866) 301 4436 • Total revenues of $604.6 million • Net Income of $19.6 million • Net Income Attributable to GEO of $0.14 per diluted share • Adjusted EBITDA of $99.8 million NEWS RELEASE "As a result of these steps, our financial guidance for 2025 reflects a tale of two halves of the year. ...

Company Insights - Geo Group is identified as the largest private prison operator in the United States, which has expanded its business model to include digital surveillance tools for immigrants [3] - The company has developed a range of products such as ankle monitors, smart watches, and tracking apps, which are utilized by the federal government to monitor immigrants [3] Industry Context - The use of technology for immigration surveillance has become a significant aspect of the immigration enforcement strategy in the United States, highlighting a growing intersection between technology and immigration policy [1][2] - The reliance on private companies like Geo Group for immigration monitoring raises questions about privacy and the implications of surveillance on immigrant communities [1][3]

SSRM's Mine Expectation for 2025 SSRM's Marigold mine is expected to produce 160,000 to 190,000 ounces of gold. It is expected to have a cost of sales between $1,530 and $1,570 per ounce. The Seabee mine is expected to have a cost of sales between $1,230 and $1,270 per ounce and produce 70,000 to 80,000 ounces of gold. Expected silver production from the Puna mine is 8.00 to 8.75 million ounces. Its cost of sales is anticipated to be between $12.50 and $14.00 per ounce. Following the acquisition of the CC&V ...

Strong Fourth Quarter Performance (in U.S. dollars unless otherwise noted)TORONTO, March 10, 2025 /PRNewswire/ - "Our portfolio delivered a strong fourth quarter resulting in GEO sales for the year that were near the top end of our revised GEO guidance range," stated Paul Brink, CEO. "Elevated gold prices drove higher quarterly revenue, Adjusted EBITDA and Adjusted Net Income compared to Q4 2023, even without a contribution from Cobre-Panama. Our strong balance sheet allowed us to complete more than $1.3B i ...