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GEO Group Facilities
The GEO Group Inc. operates facilities in the United States, Canada, South Africa, Australia, and in the United Kingdom.More information
The GEO Group Signs Contract for the Continued Management of the South Texas Detention Center
BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 28, 2011-- The GEO Group (NYSE:GEO) (“GEO”) announced today that it has signed a contract with U.S. Immigration and Customs Enforcement (“ICE”) for the continued management of the company-owned 1,904-bed South Texas Detention Center (the “Center”) located in Pearsall, Texas. The new contract will have a term of approximately five years effective through November 30, 2016, inclusive of renewal option periods. Under the terms of the agreement, the contracted capacity at the Center will be 1,800 beds with a 75 percent occupancy guarantee and the ability to surge to 1,900 beds. The ... more
The GEO Group Announces Opening of the 1,500-Bed Riverbend Correctional Facility in Georgia
BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 19, 2011-- The GEO Group (NYSE: GEO) (“GEO”) announced today the opening of the new 1,500-bed Riverbend Correctional facility (the “Facility”) in Milledgeville, Georgia. Under the terms of its contract with the Georgia Department of Corrections, GEO financed, developed, and will operate the new $80.0 million, 1,500-bed Facility on state-owned land pursuant to a 40-year ground lease. The Facility is expected to generate approximately $28.0 million in annualized revenues and is expected to ramp through the first quarter of 2012. George C. Zoley, Chairman and Chief E... more
The GEO Group Reports Third Quarter 2011 Results
3Q11 Net Income of $21.3 Million - $0.34 Earnings Per Share 3Q11 Pro Forma Net Income increased to $26.1 Million - $0.41 Pro Forma Earnings Per Share Updated 4Q11 Pro Forma EPS Guidance of $0.39 to $0.40 4Q Guidance Reflects $0.01 to $0.015 Per Share in Quarterly Carrying Costs Related to GEO's North Lake Correctional Facility in Michigan Increased 2011 Adjusted Funds from Operations Guidance to $2.95 to $3.00 Per Share BOCA RATON, Fla., Nov 02, 2011 (BUSINESS WIRE) --The GEO Group, Inc. (NYSE: GEO) ("GEO") today reported third quarter and first nine months of 2011 financial results. GEO re... more
GEO makes Forbes Platinum 400 list.
The GEO Group (NYSE:GEO) ("GEO") is named a Forbes.com 400 Best Big Company in America. GEO was an industry standout with and average five-year total return of 22%. more
A New Face at GEO
Joseph Woodbring has been appointed as the new Vice President for the Office of Professional Responsibility (OPR). more
New Training Standardizations
Mark Karsonovich implemented a new training standardization and learning management system here at GEO. more