It is day 141 of the second Trump administration and it is yet another tense night in Los Angeles. Protests that erupted last Friday over federal deportation raids in the city have continued for four straight days. The situation escalated on Sunday when the president called in the National Guard over objections from Governor Gavin Newsome. Today, the attorney general filed a lawsuit challenging that action in court. But earlier, Newsome posted that the administration was ordering an additional 2,000 Nationa ...

Group 1: Immigration Enforcement Impact - The United States is increasing immigration enforcement, creating potential benefits for private prison stocks [1] - Los Angeles is a focal point for recent Immigration and Customs Enforcement (ICE) raids, resulting in over 100 arrests and heightened political tensions [1] Group 2: CoreCivic (CXW) - CoreCivic, a leading private prison operator, is experiencing unprecedented demand due to increased ICE detention efforts [2] - The company reported Q1 earnings of $0.23 per share, nearly double expectations, with revenue reaching $488 million and facility capacity at 77% [3] - CoreCivic plans to open new detention centers, including a 2,560-bed facility in California and a 1,033-bed complex in Kansas, while expanding capacity in multiple states [3][4] Group 3: GEO Group (GEO) - GEO Group operates nearly 20 detention centers and has seen its stock rise over 80% post-2024 election due to expectations of increased immigration enforcement [6][7] - The company's stock is currently trading at $26.95, reflecting strong market performance [7] - GEO is expanding its electronic monitoring operations, currently tracking about 186,000 immigrants with plans to scale up to 450,000 using advanced technology [9] - In early 2025, GEO secured a contract with ICE to reopen the 1,000-bed Delaney Hall Facility in Newark, New Jersey [9]

RT Jeffery Mead (@the_jefferymead)LA officials choose not to and now don't even seem to be able to support ICE and getting illegal immigrants out of our country.ICE needs help. So the federal government should make sure they get the help they need so they can do their job as safely and as effectively possible.Enforce the law, with or without local help. ...

Verra Mobility (VRRM) FY Conference June 04, 2025 04:20 PM ET Speaker0 You said I'll stand. Or I'll wait till Lou's gonna intro intro us first. Speaker1 Great. Good afternoon. I am Louie DiPalma. I cover Smart City Technologies on William Blair's equity research team. This is day two of the forty fifth annual William Blair Growth Stock Conference. We're pleased to be hosting a hybrid presentation fireside chat with the management team of VeriMobility. Joining me today are CEO, David Roberts CFO, Craig Conti ...

新京报贝壳财经讯（记者黄鑫宇）5月16日，记者从北京金融法院获悉，就在一天前，该院审理了冯某 （上诉人）诉广东证监局（被上诉人）、证监会（被上诉人）责令改正、罚款及行政复议、行政赔偿一 案。 据悉，该案是北京金融法院审理的首例当事人因拒绝、阻碍证券监督管理机构及其工作人员依法调查而 引发的行政处罚二审案件。 记者查询案情及行政处罚决定书看到，2023年时，广东证监局在对相关案件依法调查过程中，需要就涉 案事项向冯某询问。 2023年5月29日至11月14日，广东证监局调查人员多次通过电话、短信以及相关单位协助联系等方式， 要求冯某配合调查，但冯某或拒不接听、不回复电话、短信，或接听后拒绝配合调查。 2023年11月14日17时，广东证监局两名调查人员前往冯某在证券账户开立资料中留存的联系住址，表明 身份后要求冯某配合调查。但冯某仍拒不配合，并暴力殴打调查人员，抢夺执法记录仪，造成调查人员 身体伤害。 冯某在申辩材料和听证过程中提出，现场殴打行为属于过激反应，不是为了阻碍调查人员执行公务，另 外自己事先不清楚依法应当配合证券监管部门的调查工作。 用。 编辑 岳彩周 校对 穆祥桐 对此，广东证监局认定，冯某的行为 ...

Verra Mobility (VRRM) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Mark Zindler - Investor RelationsDavid Roberts - President and Chief Executive OfficerCraig Conti - Chief Financial OfficerDaniel Moore - Director of ResearchRodney McFall - Senior Equity Research Associate Conference Call Participants Nik Cremo - Executive Director, Lead Equity Research Analyst - Payments & FinTechLouie Dipalma - Research AnalystDavid Koning - Senior Research Analyst Operator and thank you for standin ...

Verra Mobility (VRRM) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 and thank you for standing by. This concludes Verily's First Quarter twenty Results Conference Call. My name is Michelle, and I'll be your conference operator today. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You would then hear an automated message by asking your hand is raised. To withdraw your question, please press 11 again. Please be ...

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]

Core Points - U.S. Immigration and Customs Enforcement (ICE) has begun housing detainees at Delaney Hall in Newark, NJ, starting May 1, 2025, amidst significant controversy and protests from immigrant rights advocates and local officials [3][4][6] - The facility, which has a capacity of 1,000 beds, is the first federal detention center to open under President Donald Trump's second term, aimed at expanding ICE's detention capacity in the Northeast and facilitating deportations [6][8] - The GEO Group, which operates Delaney Hall, has been awarded a 15-year contract valued at approximately $1 billion, expected to generate over $60 million in annual revenues in its first full year of operations [7][12] Legal and Regulatory Context - A 2021 New Jersey state law prohibits all prisons, public or private, from entering new contracts with ICE for holding federal detainees, as well as from expanding or renewing existing agreements [9][10] - The GEO Group and CoreCivic are challenging this state ban in court, with the Biden administration supporting the private prison companies, arguing for the necessity of detention centers near airports for operational efficiency [10][11] - Newark Mayor Ras Baraka has accused ICE of opening Delaney Hall without proper permits and inspections, claiming violations of city and state laws [15]

Verra Mobility Corporation (NASDAQ:VRRM) Q4 2024 Results Conference Call February 27, 2025 5:00 PM ET Company Participants Mark Zindler - VP, IR David Roberts - CEO Craig Conti - CFO Conference Call Participants Faiza Alwy - Deutsche Bank Nikolai Cremo - UBS Louie DiPalma - William Blair David Koning - Baird Shefali Tamaskar - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to Verra Mobility's Fourth Quarter 2024 Earnings Conference Call. My name is Liz, and I will be your conferenc ...