GEO Group, Inc.（NYSE: GEO）股价下跌，此前公司报告第四季度营收为6.077亿美元，高于预期的6.0744亿美元。 调整后的EBITDA从去年同期的1.29亿美元下降至1.08亿美元。调整后的每股收益（EPS）为13美分，低于预期的22美分。 2024年第四季度的营收同比第三季度有所增加。然而，收益和调整后的EBITDA未达到公司指引，主要原因是期间一般和管理费用的增加。 一般和管理费用的增加部分原因是由于之前宣布的管理团队重组以及与准备未来增长计划及相关运营有关的额外专业费用。 GEO执行主席George C. Zoley表示：“在2024年，我们还承担了900万美元的先前宣布的7000万美元投资，用于增强我们为美国移民与海关执法局（ICE）和联邦政府提供扩大拘留容量、安全运输和电子监控服务的能力。” 公司在2024年第四季度末的净债务总额约为17亿美元。 展望未来：GEO预计2025财年的每股收益为0.74美元至0.88美元（低于预期的1.55美元），调整后EBITDA为4.6 亿美元至4.85亿美元，营收约为25亿美元（低于预期的27.6亿美元）。 2025年，公司预计将进一步减少约1.5亿至1.75亿美元的总净债务，将净债务总额减少到约15.5亿美元。 在另一份公告中，GEO披露已与美国移民与海关执法局（ICE）签订了一份为期15年、固定价格约为10亿美元的合同，为其位于新泽西纽瓦克的1,000床Delaney Hall设施提供支持服务。 新的支持服务合同预计将在头一年为GEO带来超过6000万美元的年收入，其利润率与GEO的安全服务设施持平。 GEO计划在2025年第二季度重新启用该设施，预计收益和收入将在下半年恢复正常。 投资者可以通过$Ballast Small/Mid Cap ETF (NYSE: MGMT)$ 和$Schwab Fundamental U.S. Small Company ETF (NYSE: FNDA)$ 获得GEO的股票。 股价动态：截至周四盘前最后一次检查，GEO股价下跌4%，至24.75美元。

以上内容来自Benzinga Earnings专栏，原文如下：

The GEO Group, Inc. (NYSE:GEO) shares are trading lower after the company reported fourth-quarter revenue of $607.7 million, beating the consensus of $607.44 million.

Adjusted EBITDA declined to $108.0 million from $129.0 million a year ago quarter. Adjusted EPS of 13 cents came below the consensus of 22 cents.

Revenue for the fourth quarter of 2024 rose sequentially compared to the third quarter. However, earnings and adjusted EBITDA fell short of the company’s guidance, largely due to the elevated general and administrative expenses incurred during the period.

The increase in general and administrative expenses was partly due to previously announced management team reorganization and additional professional fees associated with preparing for future growth initiatives and related operations in 2025.

George C. Zoley, Executive Chairman of GEO, said, “In 2024, we also incurred $9 million of our previously announced $70 million investment to strengthen our capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement (“ICE”) and the federal government.”

The company’s total net debt was approximately $1.7 billion at the end of the fourth quarter 2024.

Outlook: Geo sees FY25 outlook for EPS of $0.74– $0.88 (vs. the consensus estimate of $1.55), adjusted EBITDA of $460 million-$485 million and revenue of around $2.5 billion (vs. consensus of $2.76 billion).

In 2025, the company expects to further reduce the total net debt by around $150 million to $175 million, bringing the total net debt to about $1.55 billion.

In a separate release, Geo disclosed that it secured a 15-year, fixed-price contract worth about $1 billion with U.S. Immigration and Customs Enforcement (ICE) to provide support services for a federal immigration processing center at its 1,000-bed Delaney Hall Facility in Newark, New Jersey.

The new support services contract is expected to generate over $60 million in annual revenue for GEO in its first full year, with margins in line with GEO’s Secure Services facilities.

GEO plans to reactivate the facility in the second quarter of 2025, with revenue and earnings normalizing in the second half of the year.

Investors can gain exposure to the stock via Ballast Small/Mid Cap ETF (NYSE:MGMT) and Schwab Fundamental U.S. Small Company ETF (NYSE:FNDA).

Price Action: GEO shares are down 4% at $24.75 premarket at the last check Thursday.

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