Geo Group Q1 Earnings Call Highlights

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Sun, May 10, 2026 astatine 9:12 AM CDT 7 min read

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Geo Group posted a beardown archetypal quarter, with gross up 17% to astir $705.2 cardinal and adjusted EBITDA up 32% to $131.4 million. Net income astir doubled to $38.3 million, oregon $0.29 per share, from $19.6 cardinal a twelvemonth earlier.
ICE-related contracts were the main maturation driver, including caller and expanded detention and proscription agreements that GEO said could adhd astir $520 cardinal successful yearly revenue. The institution besides reactivated idle facilities and accrued its ICE furniture number to astir 26,000.
GEO raised its full-year outlook and continued buying backmost stock, present expecting 2026 gross of $2.95 cardinal to $3.1 cardinal and adjusted EBITDA of $525 cardinal to $545 million. It repurchased $50 cardinal of shares successful the 4th and inactive has astir $359 cardinal near nether its authorization.

GEO Group: High-Risk Stock With High-Reward Potential

Geo Group (NYSE:GEO) reported higher first-quarter 2026 gross and earnings, with Chairman, CEO and Founder George Zoley saying the institution benefited from a ample acceptable of caller and expanded contracts signed during 2025, peculiarly with U.S. Immigration and Customs Enforcement.

Zoley said the company’s diversified concern units delivered “strong fiscal and operational performance” successful the quarter. Revenue roseate 17% to astir $705.2 cardinal from astir $604.6 cardinal successful the prior-year quarter. Net income attributable to GEO operations accrued to astir $38.3 million, oregon $0.29 per diluted share, compared with astir $19.6 million, oregon $0.14 per diluted share, a twelvemonth earlier. Adjusted EBITDA roseate 32% to astir $131.4 million.

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The institution besides raised its full-year 2026 outlook. GEO present expects full-year GAAP nett income of $153 cardinal to $166 million, oregon $1.15 to $1.25 per diluted share, connected gross of $2.95 cardinal to $3.1 billion. Full-year adjusted EBITDA is expected to beryllium $525 cardinal to $545 million. For the 2nd quarter, GEO guided for gross of $715 cardinal to $725 million, GAAP nett income of $33 cardinal to $39 cardinal and adjusted EBITDA of $130 cardinal to $135 million.

ICE contracts thrust gross maturation

Zoley said GEO won oregon expanded contracts successful 2025 representing up to astir $520 cardinal successful incremental yearly revenue, which helium described arsenic the largest magnitude of caller concern the institution has won successful a azygous year.

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In Secure Services, GEO entered into caller contracts to location ICE detainees astatine 4 facilities totaling astir 6,000 beds, including 3 antecedently idle company-owned facilities successful New Jersey, Michigan and Georgia, positive a absorption services declaration successful Florida. The institution besides reactivated its company-owned Adelanto ICE Processing Center successful California, which Zoley said had been severely underutilized due to the fact that of a COVID-related tribunal case.

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