Financial Data and Key Metrics - Q4 2023 revenues were approximately $608 million, with GAAP net income of approximately $32 million [6] - Q4 2023 adjusted EBITDA was approximately $129 million, representing an 8% sequential increase from Q3 2023 [6] - The company reduced net debt by approximately $197 million in 2023, ending the year with less than $1.8 billion in total net debt [12] - The effective tax rate for Q4 2023 was approximately 20% [25] Business Segment Performance - Secure Transportation revenues increased year-over-year, driven by a new contract to provide air operation support for ICE [8] - International revenues increased due to a new healthcare contract in Victoria, Australia [8] - GEO Reentry Services revenues increased by 11% for residential reentry centers and 32% for nonresidential reentry programs [25] - Electronic monitoring and supervision services revenues declined due to lower participation counts under the ISAP contract [25] Market Performance - ICE Processing Centers saw an 18% increase in average daily populations during Q4 2023 [9] - ISAP participant counts remained stable at approximately 190,000 to 195,000 individuals during Q4 2023 [10] - The current ISAP participant count is approximately 187,000 [10] Company Strategy and Industry Competition - The company is focused on reducing net debt and deleveraging the balance sheet, with a goal to reduce debt by $175 million to $200 million annually [40] - The company is exploring opportunities to reactivate idle secure services facilities, which total approximately 9,000 beds [17] - The company is also considering the sale of underutilized reentry facilities to create more value [19] Management Commentary on Operating Environment and Future Outlook - The company provided initial guidance for 2024, with GAAP net income expected to be in the range of $110 million to $125 million and annual revenues of approximately $2.4 billion [27] - The guidance assumes stable populations across ICE Processing Centers and stable participant counts under the ISAP contract [27] - The company expects to refinance portions of its debt in 2024, with a focus on reducing interest costs and gaining flexibility for potential capital returns to shareholders [32] Other Important Information - The company renewed 15 secure services contracts in 2023, including 10 contracts at the federal level with ICE and the U S Marshall [41] - The company completed approximately 4 6 million hours of enhanced in-custody rehabilitation programming in 2023 [46] Q&A Session Summary Question: Impact of potential ICE detainee releases - The company does not expect a mass release of ICE detainees similar to what was seen during COVID, but acknowledges the uncertainty surrounding federal budget discussions [74] - Most facilities are above guaranteed levels, with incremental bed capacity available if additional funding is provided [75] Question: Updates on electronic monitoring - The company submitted a response to a request for information regarding electronic monitoring but has not received further updates [77] Question: Assumptions in 2024 guidance - The high-end guidance assumes only moderate increases in ICE Processing Center bed utilization and ISAP participant counts, with no significant additional funding expected [97] - The low-end guidance assumes potential reductions in ICE Processing Center beds and ISAP participant counts if budget discussions are delayed [97] Question: Sustainability of NOI margins - The company expects to sustain NOI margins in 2024, with some downward pressure in Q1 due to seasonality and payroll-related taxes [99] Question: Potential sale of larger assets - The company is considering the sale of larger assets, particularly those that can be leased to state governments facing budget constraints [111] Question: Interest income increase in Q4 2023 - The increase in interest income was driven by higher interest rates and international cash balances [115] Question: Evolution of ATD program - The company is prepared to support any policy changes that expand the ISAP program to other groups of individuals [98] Question: Technology evolution in ISAP - The company continues to develop new monitoring technologies, including ankle monitors, phones, and the VeriWatch [119]

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 September 30, 2023 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) Florida 65-0043078 (State or other jurisd ...

Electronic Monitoring and Supervision Services 108,029 121,484 240,669 209,405 Financial Summary 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 material ...

The GEO Group, Inc. (NYSE:GEO) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Pablo Paez - Executive Vice President, Corporate Relations George Zoley - Executive Chairman Brian Evans - Chief Financial Officer James Black - President of GEO Secure Services Wayne Calabrese - Chief Operating Officer Jose Gordo - Chief Executive Officer Conference Call Participants Joe Gomes - Noble Capital Brian Violino - Wedbush Securities Brendan McCarthy - Sidoti Kirk Ludtke - Imperial Capi ...

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 June 30, 2023 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) Florida 65-0043078 (State or other jurisdictio ...

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, 2023 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) Florida 65-0043078 (State or other jurisdicti ...

Supplemental Information First Quarter 2023 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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) | Florida | 65-0043078 | | --- | --- | | State or other jurisdic ...

The GEO Group, Inc. (NYSE:GEO) Q4 2022 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Pablo Paez - Executive Vice President of Corporate Relations George Zoley - Executive Chairman of the Board Brian Evans - Chief Financial Officer James Black - President of GEO Secure Services Wayne Calabrese - Chief Operating Officer Jose Gordo - Chief Executive Officer Conference Call Participants Joe Gomez - Noble Capital Jay McCanless - Wedbush Securities Mitra Ramgopal - Sidoti Kirk Ludtke ...

For the transition period from ______ to_______ Commission file number: 1-14260 The GEO Group, Inc. 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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Florida 65-0043078 (State or other jurisd ...