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Geo Group, Inc. - GEO STOCK NEWS

Welcome to our dedicated news page for Geo Group (Ticker: GEO), a resource for investors and traders seeking the latest updates and insights on Geo Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Geo Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Geo Group's position in the market.

News
The GEO Group Announces Date for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
The GEO Group, Inc. (NYSE:GEO) has announced the date for its first quarter 2024 earnings release and conference call. The financial results will be released on Tuesday, May 7, 2024, before the market opens, with a conference call at 11:00 AM (Eastern Time) on the same day. The call will be hosted by key executives of GEO, including the Executive Chairman, CEO, CFO, President, and other senior officials. Participants can join the call through designated numbers or access a live webcast on GEO's investor relations home page. Both webcast and telephonic replays will be available for a specified period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
earnings
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News
The GEO Group Closes Senior Notes Offering and New Term Loan
Rhea-AI Summary
The GEO Group has closed a senior notes offering and a new term loan, raising approximately $1.67 billion in net proceeds. The offering included $1.275 billion in senior notes and a $450 million term loan. GEO plans to use the proceeds to refinance existing debt, including various loans and notes, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
none
-
News
The GEO Group Enters Into Private Exchange Agreements With Certain 6.50% Convertible Senior Noteholders
Rhea-AI Summary
The GEO Group (GEO) has entered into private exchange agreements with certain Noteholders to exchange $177 million in 6.50% Exchangeable Senior Notes for a total estimated valuation of $305 million, consisting of cash and common stock. The exchange value will be determined based on the stock's average price over 20 trading days. GEO plans to fund the cash portion with proceeds from a recent notes offering. Approximately 77% of the outstanding notes will be exchanged, leaving $53 million remaining.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
none
News
The GEO Group Prices Senior Notes Offering and New Term Loan
Rhea-AI Summary
The GEO Group (GEO) has priced a private offering of $1.275 billion aggregate principal amount of senior notes, including Secured Notes and Unsecured Notes. The company also priced a new $450.0 million Term Loan, expected to result in net proceeds of approximately $1.67 billion. The funds will be used to refinance existing indebtedness and for other corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
none
-
News
The GEO Group Announces Senior Notes Offering
Rhea-AI Summary
The GEO Group (GEO) plans to issue $1.2 billion in senior notes to refinance existing debt, with proceeds used for various corporate purposes. The offering is exempt from registration requirements and targets qualified institutional buyers in the US and non-US persons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
none
-
News
The GEO Group Announces Commencement of Refinancing Process
Rhea-AI Summary
The GEO Group (GEO) initiates a refinancing process for its Term Loans, targeting $1.6 billion in secured and unsecured financing. $906.7 million of Term Loans were outstanding as of December 31, 2023. The company aims to repay existing debts and utilize the funds for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
none
News
The GEO Group Announces Five-Year Contract to Provide Air Operations Support Services for U.S. Immigration and Customs Enforcement
Rhea-AI Summary
The GEO Group (NYSE: GEO) announces a five-year contract to provide air operations support services for U.S. Immigration and Customs Enforcement (ICE), generating an estimated $25 million in annual revenues. The contract is awarded to GEO Transport, Inc. as a subcontractor to CSI Aviation, Inc., a veteran-owned aviation services company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
none
-
News
The GEO Group Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
The GEO Group, Inc. reported financial results for Q4 and full year 2023, highlighting total revenues of $2.41 billion, net income of $113.8 million, and adjusted EBITDA of $507.2 million. They reduced total net debt by $197.0 million in FY23. The company issued initial financial guidance for 2024, expecting net income between $110 million to $125 million and adjusted EBITDA between $485 million to $515 million. The guidance factors in uncertainties related to federal government appropriations discussions and budgetary pressures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.12%
Tags
earnings
-
News
The GEO Group Delivers Notice of Redemption for Remaining Senior Notes Due 2024
Rhea-AI Summary
The GEO Group, Inc. announces the redemption of its 5.875% Senior Notes due 2024, totaling $23,253,000, on March 11, 2024, at a redemption price of $1,000 per $1,000 original principal amount.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
News
The GEO Group Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
The GEO Group, Inc. (NYSE:GEO) will release its fourth quarter 2023 financial results on Thursday, February 15, 2024 before the market opens. A conference call and webcast are scheduled for 11:00 AM (Eastern Time) on the same day. The call will be hosted by key executives of GEO, including the Executive Chairman, CEO, and other top officers. Participants can access the call and webcast through specified phone numbers and the investor relations home page. Both webcast and telephonic replays will be available for a year and until February 22, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
earnings
Stock GEO logo
Geo Group, Inc.

NYSE:GEO

GEO Rankings

#1920 Ranked by Market Cap
#1762 Ranked by Stock Gains
N/A Ranked by Dividends

GEO Stock Data

1.95B
117.43M
4.98%
77.55%
19.29%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
Link
United States
Boca Raton

About GEO

the geo group is the world's leading provider of correctional and detention management and community reentry services to federal, state and local government agencies. with operations in the united states, australia, south africa, and the united kingdom; geo offers a diversified array of turnkey services which include design, construction, financing, and operations. our unique approach allows geo to provide high-quality and cost-effective services with state-of-the-art designs, innovative programs and ground-breaking treatment approach. geo is the first fully-integrated equity real estate investment trust specializing in the design, development, financing, and operation of correctional, detention, and community reentry facilities worldwide. our goal is to help our clients serve those assigned to their care through a wide range of diversified services including the design, construction and financing of state and federal prisons, detention centers, community reentry facilities, and othe