The GEO Group Reports First Quarter 2019 Results

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Go back to The GEO Group Reports First Quarter 2019 Results

GEO Group (GEO) Tops Q1 EPS by 5c, Revenues Beat; Affirms Q2 & FY19 EPS/Revenue Guidance Above Consensus

April 30, 2019 6:50 AM EDT

GEO Group (NYSE: GEO) reported Q1 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $610.67 million versus the consensus estimate of $601.59 million.

Net Income Attributable to GEO of $40.7 million or $0.34 per diluted shareAdjusted Net Income of $0.35 per diluted shareNet Operating Income of $161.8 millionNormalized FFO of $0.50 per diluted shareAFFO of $0.67 per diluted share

George C. Zoley, Chairman and Chief Executive Officer of GEO, said, We are pleased with our strong quarterly financial and operational performance, as well as, our... More