GEO Group (GEO) Tops Q4 EPS by 7c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Below Consensus
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The GEO Group Reports Fourth Quarter and Full-Year 2020 Results and Issues 2021 Guidance
February 16, 2021 6:55 AM ESTBOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE: GEO) (GEO), a fully integrated equity real estate investment trust (REIT) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the fourth quarter and full-year 2020 and issued financial guidance for 2021.
Fourth Quarter 2020 Highlights
Total revenues of $578.1 million Net Income Attributable to GEO of $11.9 million or $0.09 per diluted share 4Q20 results reflect $21.1 million Goodwill impairment charge related to GEOs reentry centers primarily due to... More