Today, GEO updated initial financial guidance for 2024. For the full year 2024, expects Net Income to be in a range of $55 million to $75 million (prior view $110 million to $125 million) and reflecting an effective tax rate of approximately 20 percent, inclusive of known discrete items. Full-year 2024 guidance reflects an $86 million loss on extinguishment of debt, pre-tax, as a result of refinancing transactions during the second quarter of 2024. It expects full year 2024 Adjusted EBITDA to be between $485 million and $515 million.
GEO Group Continues To See Annual Revenues Of Approximately $2.4B, Est $2.45B
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