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News Breaks
February 21, 2013
07:34 EDTGEOGeo Group reports Q4 adjusted FFO 84c, may not compare to consensus of 41c
Reports Q4 revenue $378.7M, consensus $414.7M. Reports Q4 pro forma income from continuing operations of 44c per share.
News For GEO From The Last 14 Days
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July 6, 2015
08:48 EDTGEOGEO Group activates company-owned facilities in Oklahoma, Michigan, California
The GEO Group announced the activation of three company-owned facilities totaling 4,320 beds in Oklahoma, Michigan, and California. In early June 2015, GEO began the intake of offenders at the 1,940-bed Great Plains Correctional Facility in Hinton, Oklahoma under a 10-year contract with the Federal Bureau of Prisons. In late June 2015, GEO also began the intake of inmates from the State of Vermont at the 1,740-bed North Lake Correctional Facility in Baldwin, Michigan under a five-year agreement with the Vermont Department of Corrections. Under the contract, GEO will provide comprehensive correctional management services, including the provision of industry-leading, evidence-based offender rehabilitation programs under the ‘GEO Continuum of Care.’ On July 1, 2015, GEO activated a 640-bed expansion and began the intake process at the Adelanto Detention Facility in Adelanto, California under the existing contractual structure with the City of Adelanto and U.S. Immigration and Customs Enforcement.

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