Geo Group Inc is a leading provider of federal, state, and local government services related to the management and rehabilitation of individuals in correctional facilities. The company operates a diverse portfolio of correctional, detention, and community reentry facilities, focusing on offender rehabilitation and the delivery of comprehensive services aimed at reducing recidivism. Geo Group emphasizes the use of evidence-based programs and treatment options, including educational, vocational, and mental health services, to support the successful reintegration of individuals into society. Through its commitment to safety and operational excellence, the company collaborates with government entities to enhance the effectiveness of correctional systems and promote public safety. Read More
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at MSA Safety (NYSE:MSA) and the best and worst performers in the safety & security services industry.
The services will include exclusive use of the Facility by ICE, security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that the Company has entered into a contract with U.S. Immigration and Customs Enforcement (“ICE”) for the immediate activation of a federal immigration processing center at the GEO-owned, 1,800-bed North Lake Facility (the “Facility”) in Baldwin, Michigan.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at safety & security services stocks, starting with CoreCivic (NYSE:CXW).
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) has entered into a contract modification of the current intergovernmental service agreement (“IGSA”) for the GEO-owned, 1,328-bed Karnes ICE Processing Center (the “Center) in Karnes City, Texas to transition the Center from housing adult males only to housing mixed populations. GEO provides support services for ICE at the Center under an IGSA between Karnes County and ICE, that is effective through August 2029. GEO’s support services include the exclusive use of the Center by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
The GEO Group reported lower adjusted EBITDA and EPS for Q4 2024, but surpassed revenue expectations. FY25 outlook is below consensus, but company plans to reduce debt and has secured a $1 billion contract with ICE for its Delaney Hall facility.
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it has been awarded a 15-year, fixed-price contract by U.S. Immigration and Customs Enforcement (“ICE”) to provide support services for the establishment of a federal immigration processing center at the company-owned, 1,000-bed Delaney Hall Facility (the “Facility”) in Newark, New Jersey. GEO’s support services include the exclusive use of the Facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the fourth quarter and full year 2024.
El Salvador's President Nayib Bukele says he will incarcerate convicted criminals from the U.S. in his country, a macabre offer that is being praised as an "unprecedented" by U.S. Secretary of State Marco Rubio.
President Donald Trump said Wednesday that he will deport up to 30,000 migrant detainees to a detention facility at the Guantanamo Bay Naval Base in Cuba.
There's something to be said for active management; if I had just sort of crossed my arms and let the Sling and Arrows of Outrageous Fortune come along, it would have been bad. As it is, my 13 bearish positions are holding up nicely.
