Core Points - Republican leaders are urging lawmakers to quickly support the core elements of Trump's agenda, emphasizing the urgency for more resources for border security due to ongoing immigration protests in Los Angeles [1] - House Speaker Johnson stated that the legislation involves Trump's priorities on taxes, energy, and immigration, and it provides essential funding for ensuring border security [1] - Johnson highlighted that the unlawful activities occurring in Los Angeles are another reason to promptly pass the "Beautiful Law" [1] - White House Press Secretary Levitt echoed the need for more immigration enforcement personnel and resources, citing the scenes in certain areas of Los Angeles as evidence of this urgency [1]

洛杉矶，陷入混乱！ 当地时间6月8日，美国总统特朗普指示美国国土安全部长诺姆、国防部长赫格塞思和司法部长邦迪等官员，协 同相关部门与机构采取一切必要行动，"将洛杉矶从移民入侵中解放出来，并结束这些移民暴乱"。 据央视新闻消息，当地时间6月8日，美防长赫格塞思下令，经美军北方司令部协调，已有500名美海军陆战队 员处于"准备部署"状态，随时可能被派往洛杉矶。 目前，洛杉矶警察局已宣布全市进入战术警戒状态，启动警力加班应急机制。值得关注的是，继7日使用催泪 瓦斯和震爆弹之后，据美媒报道，当地时间8日下午，警方向抗议者射击非致命子弹。 北京时间6月9日早间，中国驻洛杉矶总领事馆公众号发布消息，提醒洛杉矶地区中国公民切实加强安全防范。 纽森在社交平台发文称："在特朗普介入之前，我们没有问题。这是对州主权的严重侵犯，既激化紧张局势， 又抽调原本更需使用的资源。" 文中还附上州政府法律事务秘书致国防部长皮特·赫格塞思的正式信函。信中指出，特朗普总统援引的一项法 律条款执行不当。按规定，总统应将相关命令传达给州长办公室并与纽森协调，但该程序未得到遵守。特朗普 直接下令调动国民警卫队，让其与联邦部门共同参与洛杉矶移民执法相关 ...

对于愈演愈烈的"围捕战"，特朗普表示，要"结束移民暴乱"，"解放洛杉矶"。 催泪瓦斯、震爆弹和橡皮子弹齐发 7日，在洛杉矶市中心以南大约30公里的拉美裔移民聚居区派拉蒙市，上百名全副武装的联邦机构执法 人员与当地社区数百名抗议者对峙后发生冲突，执法人员发射了催泪瓦斯和震爆弹，抗议者投掷石块和 水瓶还击。 另据美国国家广播公司（NBC）报道，当地时间8日下午，警方向抗议者发射非致命子弹。 国民警卫队陆续进驻 洛杉矶局势持续升级 对于愈演愈烈的"围捕战"，特朗普表示，要"结束移民暴乱"，"解放洛杉矶"。 自6日开始的美非法移民"围捕战"似乎难以落幕。 8日早晨，首批美国国民警卫队进驻洛杉矶。尽管洛杉矶警察局同日发表声明称抗议活动已"平安结 束"，然而8日中午，抗议者与国民警卫队依然发生了冲突。此外，白宫官员与加州州长、市长也各自发 声，"骂战"持续升级。 而继7日使用催泪瓦斯和震爆弹之后，据美媒报道，当地时间8日下午，警方向抗议者射击非致命子弹。 美国白宫边境事务主管霍曼8日警告称，若加州州长加文·纽森、洛杉矶市长卡伦·巴斯等地方官员继续反 对联邦在洛杉矶周边的移民执法行动，可能因"窝藏非法移民""妨碍执法"等重 ...

纽约也乱了：近150名示威者与警方发生冲突，超20人被捕。 据美国哥伦比亚广播公司（CBS）、《纽约邮报》等媒体报道，当地时间7日，近150名示威者在美国纽约曼哈顿与警方发生冲突，抗议美国移民与海关执 法局（ICE）在该市及全国范围内加大对非法移民的搜捕力度，超过20人被捕。 近两日， 在加利福尼亚州洛杉矶也发生类似骚乱。 纽约也乱了，超20人被捕 当地时间6月7日，近150名示威者在美国纽约曼哈顿与警方发生冲突，抗议ICE在该市及全国范围内加大对非法移民的搜捕力度，超过20人被捕。 《纽约邮报》称，当天在纽约曼哈顿，愤怒的蒙面示威者对警察大喊"混蛋"，并向一辆试图离开美国移民法庭所在地的无标志白色车辆投掷物品。视频显 示，当时现场有6名身穿制服的美国国土安全部官员一边大喊"后退，后退"，一边将示威者推向旁边。大约两分钟后，这辆车得以驶离，但随后现场陷入 混乱，近40名警察继续与示威者发生冲突。 《纽约邮报》提到，美国国土安全部公共事务助理部长特里西娅·麦克劳克林称赞警方在"暴徒"干扰ICE执法行动后，迅速应对骚乱现场并逮捕煽动者。麦 克劳克林在一份声明中表示，"诺姆部长（美国国土安全部部长）向骚乱者发出的信 ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income attributable to GEO 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 [25][26] - Adjusted EBITDA for Q1 2025 was approximately $100 million, down from approximately $118 million in the prior year's first quarter [25][26] - Operating expenses increased by approximately 3% year over year, reflecting higher labor costs and general administrative expenses [26][27] 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% [25][26] - 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 [26] Market Data and Key Metrics Changes - Utilization at facilities under contract with ICE is currently at approximately 16,000 beds, the highest level in over five years, while ICE detention levels are estimated at about 48,000 beds nationwide [11][12] - The company has around 3,000 beds available under contract with the US Marshals Service and approximately 6,500 beds at idle facilities [11][12] 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 electronic monitoring services [6][33] - The company has reorganized its corporate management structure to strengthen operational oversight in anticipation of expected growth [7][33] - The guidance for 2025 reflects a "tale of two halves," with the first half impacted by higher overhead and capital expenditures, while growth is expected to begin in the second half [8][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to meet the federal government's expanded immigration enforcement needs and anticipates significant growth opportunities in 2025 [6][34] - The company expects to see additional contract awards and increased utilization of idle facilities, with optimism for the second half of the year [12][46] 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 [21][30] - The company is exploring options for returning capital to shareholders in the future, contingent on achieving certain leverage levels [30][31] Q&A Session Summary Question: What caused the larger fall in operating income in the electronic monitoring segment? - Management indicated that the decline in profitability was due to a mix shift away from phones to GPS monitoring devices, impacting margins [40] Question: Is the $45 billion funding for ICE detention inclusive of ATD? - Management noted that the funding activity is focused on interior enforcement and that they expect greater utilization of electronic monitoring as the budget process unfolds [42][43] Question: What is the current status of ICE detainee numbers? - Management stated that the increase in detainees is due to the agency's focus on interior enforcement, and they are optimistic about the second half of the year [46][47] 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 [70] Question: When might the company consider share repurchases? - Management indicated that share repurchases could be considered in the back half of 2025, depending on financial performance and debt reduction progress [60][68]

Financial Data and Key Metrics Changes - For Q4 2024, the company reported net income attributable to GEO of approximately $15.5 million or $0.11 per diluted share on revenues of approximately $608 million, compared to $25 million or $0.17 per diluted share in Q4 2023 on the same revenue [29][30] - Adjusted net income for Q4 2024 was approximately $18 million or $0.13 per diluted share, down from $37 million or $0.29 per diluted share in Q4 2023 [31] - Adjusted EBITDA for Q4 2024 was approximately $108 million, compared to approximately $129 million for the prior year's fourth quarter [31] - For the full year 2024, net income attributable to GEO was approximately $32 million on annual revenues of approximately $2.42 billion, with adjusted net income of approximately $101 million or $0.75 per diluted share [34][36] Business Line Data and Key Metrics Changes - Revenue from owned and leased secure service facilities increased by approximately 3% year-over-year, while revenue from electronic monitoring and supervision services declined by approximately 10% compared to the prior year's fourth quarter [31][32] - The average daily census levels at residential reentry centers remained stable at approximately 5,000 individuals during Q4 2024 [56] Market Data and Key Metrics Changes - The current population in ICE detention facilities is approximately 15,000, which represents an increase of 1,000 beds utilized since the last earnings call [12] - The company expects to provide approximately 17,000 incremental detention beds to ICE and the federal government, increasing total available capacity from approximately 15,000 to 32,000 beds [11][12] Company Strategy and Development Direction - The company plans to invest $70 million to enhance capabilities for expanded detention capacity, secure transportation, and electronic monitoring services to ICE and the federal government [11][69] - The company aims to reactivate idle facilities and is in discussions with ICE and the Marshals Service regarding their interest in these facilities [15][26] - The company is positioned to scale up its secure residential care housing and electronic monitoring services significantly in response to new administration policies [70][72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the unprecedented level of operational activity expected in 2025, driven by new contract opportunities and increased enforcement by ICE [9][24] - The company anticipates that the ramp-up in enforcement and detention activities will depend on additional funding appropriated by Congress [24][26] - Management highlighted the importance of the Laken Riley Act in potentially increasing the demand for monitoring services [16][77] Other Important Information - The company ended 2024 with approximately $1.7 billion in total net debt and expects to reduce net debt by an additional $150 million to $175 million in 2025 [27][41] - The company has a significant runway to grow its business while focusing on debt reduction and exploring options for returning capital to shareholders in the future [41] Q&A Session Summary Question: Impact of The Laken Riley Act on monitoring - Management indicated that individuals may need to be placed in detention or continue in the ISEP monitoring program indefinitely if there is no capacity [77] Question: Prioritization of monitoring devices - Management noted a preference for ankle monitors for high-security monitoring, with no identified supply chain issues [78][81] Question: Revenue guidance and monitoring segment contribution - Approximately $250 million of the projected $800 million to $1 billion in incremental revenue is expected from monitoring, based on a participant count of approximately 450,000 [83][87] Question: Expectations for ICE's use of the Atlanta facility - Management mentioned that a court order allows for partial utilization of the facility, with a hearing expected to authorize full utilization [111] Question: Startup costs and operational expenses for new facilities - Management discussed the significant costs associated with hiring and training staff for facility activation, with expectations for a fast ramp-up in procurement activity [113][117]