ICE arrests top educator at Iowa's largest school district https://t.co/ZzKdsntap9 ...

Operation Patriot was a radical change in how ICE arrests migrants. Inside the made-in-Boston blueprint that's being deployed in cities across America. https://t.co/m4A02nIXSr ...

Operation Patriot was a radical change in how ICE arrests migrants. Inside the made-in-Boston blueprint that's being deployed in cities across America. https://t.co/LrI8snpqvO ...

Operation Patriot was a radical change in how ICE arrests migrants.Inside the made-in-Boston blueprint that’s being deployed in cities across America. 🧵 https://t.co/yQri7YCW3S https://t.co/qUcoO9kqQJ ...

Operation Patriot was a radical change in how ICE arrests migrants. Inside the made-in-Boston blueprint that's being deployed in cities across America. https://t.co/I0HttGqDIN ...

ICE agents are now free to do sweeping stops around Los Angeles after the Supreme Court this week overruled a California district judge, prompting this reaction from LA Mayor Karen Bass. From the beginning, we have known that Los Angeles has been used as a test case for total dominance and unchecked power by the federal government. The rule of law used to mean something, not just to us, but to the Supreme Court.But now, with the stroke of a pen, the Supreme Court has undermined the rights of millions. I'm j ...

The incident threatens to inflame tensions between the Trump administration and the state’s Democratic leadership, which have sparred over immigration enforcement and crime https://t.co/NPhiDNamT4 ...

Joining me now is Illinois Attorney Generalwami Raul, a Democrat. Attorney General Raul, we appreciate you joining us tonight. We start with the president's threats against Chicago, an imminent immigration crackdown, perhaps using the Great Lakes Naval Base as a base, uh, and a possible deployment of National Guard to fight crime.Have you had any communication with the Trump administration about its plans for the city. No, I have not, Reverend Allen. And first off, thank you for having me on.We have had no ...

We have several reports of parents like sending messages to each other like I'm afraid to like take my kid to school. Like I don't know if I can leave my house. We're outside Braftoft Elementary as parents are walking their kids in to start the school day.This week has felt different because there's been ice activity in this neighborhood. Mount Pleasant is historically a Salvadoran neighborhood in DC and parents here say they've been worried in the morning. How does it feel bringing your kids to school here ...

Financial Data and Key Metrics Changes - The company reported net income attributable to GEO of approximately $29 million or $0.21 per diluted share on quarterly revenue of approximately $636 million, compared to a net loss of approximately $32.5 million or $0.25 per diluted share in the prior year [24] - Adjusted net income for 2025 was approximately $31 million or $0.22 per diluted share, compared to approximately $30 million or $0.23 per diluted share for the prior year's second quarter [24] - Adjusted EBITDA for 2025 was approximately $119 million, consistent with the prior year [24] Business Line Data and Key Metrics Changes - Revenues in owned and leased secure facilities increased by approximately 12% year over year, driven by new ICE contracts and census growth [25] - Revenues for non-residential contracts increased by approximately 10% from the prior year [25] - There was a 7% reduction in electronic monitoring and supervision services, a 2% reduction in reentry centers, and a 3% reduction in managed-only contracts [25] Market Data and Key Metrics Changes - Utilization across current ICE contracts increased from approximately 15,000 beds to 20,000 beds, the highest level in the company's history [9] - The company has approximately 5,900 idle beds at six facilities, which could generate up to approximately $310 million in annualized revenues if fully utilized [10] Company Strategy and Development Direction - The company is focused on activating remaining idle facilities and exploring potential acquisitions or leasing of third-party facilities to meet ICE's stated objectives [12][13] - A $300 million stock buyback program has been authorized, expected to be executed at a rate of approximately $100 million per year while also targeting debt reduction [22][48] - The company aims to enhance shareholder value through disciplined capital allocation and deleveraging efforts [47][48] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the potential for additional contract awards with ICE and the U.S. Marshals Service during the third and fourth quarters [11] - The company anticipates that the funding from the budget reconciliation bill will be allocated soon, which could support the expansion of detention capacity [12] - Management expects growth in the ICEP contract to materialize late this year or early next year as detention capacity is maximized [46] Other Important Information - The company completed the sale of its Lawton facility for $312 million, which is seen as a transformative event [19] - The company has budgeted approximately $100 million for physical plant and technology improvements to respond to ICE's expanding needs [26] Q&A Session Summary Question: What kind of revenue would the additional beds generate? - Management estimated that approximately 5,000 additional beds could generate about $250 million in revenue [52] Question: Are there any updates on the ISAP contract and potential shifts to ankle monitors? - Management confirmed they have stocked up on ankle monitors and indicated that additional funding may be available for the ISAP contract [55] Question: Will there be additional debt reduction in the second half of the year? - Management expects to generate excess cash in the latter half of the year, allowing for continued debt reduction while also looking at share repurchases [58] Question: How is the company positioning itself for management contracts at government facilities? - Management prefers to own facilities and is focused on reactivating idle high-security facilities suitable for ICE and the U.S. Marshals Service [71] Question: What is the outlook for contracting additional facilities with the Marshals Service? - Discussions are ongoing, and management is cautiously optimistic about opportunities, particularly as funding becomes available [80]