GEO Group, Inc.（NYSE: GEO）股價下跌，此前公司報告第四季度營收爲6.077億美元，高於預期的6.0744億美元。 調整後的EBITDA從去年同期的1.29億美元下降至1.08億美元。調整後的每股收益（EPS）爲13美分，低於預期的22美分。 2024年第四季度的營收同比第三季度有所增加。然而，收益和調整後的EBITDA未達到公司指引，主要原因是期間一般和管理費用的增加。 一般和管理費用的增加部分原因是由於之前宣佈的管理團隊重組以及與準備未來增長計劃及相關運營有關的額外專業費用。 GEO執行主席George C. Zoley表示：“在2024年，我們還承擔了900萬美元的先前宣佈的7000萬美元投資，用於增強我們爲美國移民與海關執法局（ICE）和聯邦政府提供擴大拘留容量、安全運輸和電子監控服務的能力。” 公司在2024年第四季度末的淨債務總額約爲17億美元。 展望未來：GEO預計2025財年的每股收益爲0.74美元至0.88美元（低於預期的1.55美元），調整後EBITDA爲4.6 億美元至4.85億美元，營收約爲25億美元（低於預期的27.6億美元）。 2025年，公司預計將進一步減少約1.5億至1.75億美元的總淨債務，將淨債務總額減少到約15.5億美元。 在另一份公告中，GEO披露已與美國移民與海關執法局（ICE）簽訂了一份爲期15年、固定價格約爲10億美元的合同，爲其位於新澤西紐瓦克的1,000牀Delaney Hall設施提供支持服務。 新的支持服務合同預計將在頭一年爲GEO帶來超過6000萬美元的年收入，其利潤率與GEO的安全服務設施持平。 GEO計劃在2025年第二季度重新啓用該設施，預計收益和收入將在下半年恢復正常。 投資者可以通過$Ballast Small/Mid Cap ETF (NYSE: MGMT)$ 和$Schwab Fundamental U.S. Small Company ETF (NYSE: FNDA)$ 獲得GEO的股票。 股價動態：截至週四盤前最後一次檢查，GEO股價下跌4%，至24.75美元。

以上內容來自Benzinga Earnings專欄，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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