The GEO Group Reports First Quarter 2020 Results
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GEO Group (GEO) Reports Q1 EPS of $0.24, Revenues Miss; Updates 2Q & FY20 EPS Guidance
April 30, 2020 7:01 AM EDTGEO Group (NYSE: GEO) reported Q1 EPS of $0.24. Revenue for the quarter came in at $605 million versus the consensus estimate of $613.97 million.
First Quarter 2020 Highlights
Total revenues of $605.0 millionNet Income Attributable to GEO of $25.2 million or $0.21 per diluted shareAdjusted Net Income of $0.24 per diluted shareNet Operating Income of $150.2 millionNormalized FFO of $0.39 per diluted shareAFFO of $0.55 per diluted shareFY20 Guidance Updated; 2Q20 Guidance Provided
Updated financial guidance reflects the impact of COVID-19 pandemic on GEOFY20 Net Income Attributable to GEO expected to be... More