Latest news with #GeorgeZoley
Business Wire
4 days ago
- Business
- Business Wire
The GEO Group Announces Date for Second Quarter 2025 Earnings Release and Conference Call
BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2025 financial results on Wednesday, August 6, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 6, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, and Mark Suchinski, Chief Financial Officer. To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the scheduled start time: 1-877-250-1553 (U.S.) 1-412-542-4145 (International) In addition, a live audio webcast of the conference call may be accessed on the Webcasts section of GEO's investor relations home page at A webcast replay will remain available on the website for one year. A telephonic replay will also be available through August 13, 2025. The replay numbers are 1-877-344-7529 (U.S.) and 1-412-317-0088 (International). The passcode for the telephonic replay is 2104307. If you have any questions, please contact GEO at 1-866-301-4436.
Yahoo
03-07-2025
- Business
- Yahoo
GEO Group Secures $147M Contract with U.S. Marshals for Secure Transport Services
The GEO Group, Inc. (NYSE:GEO) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 16, the U.S. Marshals Service granted GEO Transport, a subsidiary of the The GEO Group, Inc. (NYSE:GEO), a new five-year contract for secure transportation and detention officer services. The agreement covers 26 federal judicial districts in 14 states, with three service zones covered. According to the company's statement, the contract is expected to earn up to $147 million over the period, or roughly $29 million in annualized revenue. According to the company, profit margins for this contract should be comparable to those of its Managed-Only services contracts, which normally have an average of 15%. George C. Zoley, Executive Chairman of GEO, stated the following regarding the new agreement: 'This important new contract is a testament to the high-quality services GEO delivers on behalf of the U.S. Marshals Service.' The GEO Group, Inc. (NYSE:GEO) identifies as a diversified government service provider with a focus on community reintegration centers, processing centers, and secure institutions. The company is divided into four sections: International Services, Reentry Services, Electronic Monitoring & Supervision Services, and US Secure Services. While we acknowledge the potential of GEO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Why The GEO Group, Inc. (GEO) Nosedived on Wednesday
We recently published an article titled . In this article, we are going to take a look at where The GEO Group, Inc. (NYSE:GEO) stands against the other stocks. The stock market bounced back from the previous day's losses, with all major indices finishing higher as investors cheered the central bank's decision to keep interest rates unchanged. On Wednesday afternoon, the Federal Reserve kept rates steady at a range of 4.25 percent to 4.5 percent, saying that it was not in a hurry to cut rates and could still 'wait and see' the impacts of President Donald Trump's tariff policies. The Dow Jones rallied by 0.70 percent, the S&P 500 increased by 0.43 percent, and the Nasdaq grew by 0.27 percent. Beyond the major indices, bucked a broader market optimism as investors sold off on a series of disappointing news. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Security guards in uniforms patrolling an area, standing for the company's safe and secure facilities. The GEO Group, Inc. (NYSE:GEO) fell by 10.04 percent on Wednesday to end at $27.32 apiece as investors soured on its dismal earnings performance during the first quarter of the year. In its financial statement, The GEO Group, Inc. (NYSE:GEO) said net income fell by 13.9 percent to $19.5 million from $22.67 million in the same period last year, while revenues slightly dipped to $604 million from $605 million year-on-year. Looking ahead, the company expects higher operating expenses and capital expenditures 'to position our company for future growth.' It said the move is expected to lay in during the second half of the year and normalize in 2026. 'We also remain focused on reducing our net debt, deleveraging our balance sheet, and positioning our company to explore opportunities to return capital to shareholders in the future. In 2025, we expect to reduce our total net debt by approximately $150 million to $175 million, bringing our total net debt to approximately $1.54 billion,' said The GEO Group Inc. (NYSE:GEO) Executive Chairman George Zoley. Overall GEO ranks 5th on our list of Wednesday's worst performers. While we acknowledge the potential of GEO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GEO but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-03-2025
- Business
- Yahoo
Private prisons will gain as Trump conducts mass deportations — and you may be unknowingly invested in them
Mass deportations are being planned by the U.S. government — and that could mean a big boom in business for private prisons. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Americans with upside-down car loans owe more money than ever before — and drivers can't keep up. Here are 3 ways to cut your monthly costs ASAP As of March 9, U.S. Immigration and Customs Enforcement (ICE) was holding 46,269 people people, according to the nonpartisan Transactional Records Access Clearinghouse (TRAC). This is the highest number of detainees since October 2019. The Adams County detention center in Natchez, Mississippi, which held the largest number of ICE detainees so far in fiscal 2025, averaging 2,153 per day, is owned and operated by a publicly-traded company called CoreCivic (CXW). The stock has soared 54.52% in the last six months. The GEO Group (CXW), another operator of private prisons, has seen its shares double in value since Donald Trump's election win. Investors have poured money into these stocks since mass deportations will likely require an increase in immigration detention facilities. In November, George Zoley, The GEO Group's founder and executive chairman, told stakeholders in an earnings call that the company 'was built for this unique moment.' 'ICE detention isn't just a bureaucratic nightmare. It's a business. These facilities are privately owned and run for profit,' wrote Jasmine Mooney, a Canadian citizen who was recently detained by U.S. authorities for two weeks. 'It's a lucrative business: CoreCivic made over $560 million from ICE contracts in a single year. In 2024, GEO Group made more than $763 million from ICE contracts.' While for-profit private prison companies are reportedly set to make billions reopening jails for ICE, your retirement savings may be invested in and supporting these firms, whether you like it or not. Investors with moral and ethical concerns over benefiting from mass deportations may be unknowingly invested in these stocks through exchange-traded funds or mutual funds. Here's how to know your exposure and what you can do about it. Both The GEO Group and CoreCivic plan to benefit from mass deportations. In December, The GEO Group announced a $70 million investment to 'deliver expanded detention capacity, secure transportation, and electronic monitoring services' to ICE. According to the press release, it's currently the largest service provider to ICE, 'providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities.' The for-profit company plans to reopen Delaney Hall in Newark, New Jersey — an immigration detention center with 1,000 beds — though Newark Mayor Ras Baraka has threatened to issue a stop-work order. Other plans include potentially repurposing Federal Correctional Institute (FCI) Dublin to hold mass deportees. FCI Dublin, located in California, was permanently closed last year after years of incarcerated women reporting staff sexual misconduct allegations against. Last month, CoreCivic inked a deal with ICE to expand its detention capacity for up to 784 detainees at facilities in Mississippi, Nevada, Ohio and Oklahoma. It also announced it would reopen its family detention center in Texas, which was built to house 2,400 people, including children. The Texas detention center was shut down last year to save costs, though there have long been reports of poor treatment. A toddler reportedly died six weeks after leaving the facility in 2018 and the 'unsanitary conditions' were blamed. Read more: Gold just hit a historic high of $3,000/ounce on Trump's tariff moves — while US stocks got slaughtered. Here's 1 simple way to prevent more pain within minutes If you don't want to invest in for-profit private prisons, you'll first need to find out if you already are and don't realize it. A publicly available resource is Prison Free Funds, operated by non-profit shareholder advocacy group As You Sow (keep in mind, it is not an investment adviser). Prison Free Funds provides a database of more than 3,000 stock funds available in the U.S., allowing you to search for mutual funds and exchange-traded funds (ETFs) from your 401(k), retirement plan or personal portfolio by name, ticker or asset manager. It allows you to screen for both companies involved in the prison industry and companies involved in the militarization of borders and the policing of immigration. The percentage of total assets and amount of money invested in private prison operators are also highlighted, if you want to specifically avoid having those in your portfolio. For instance, the Invesco S&P SmallCap Industrials ETF has 2.43% of assets or $5.1 million invested in The GeoGroup and CoreCivic. Some index funds that get an 'F' rating from Prison Free Funds include AMG River Road Small Cap Value Fund, USA Mutuals Vice Fund and BlackRock LifePath® Index 2040 Fund K, among others. The site also allows you to search for sustainably-invested mutual funds and ETFs. If you're an individual investor, you could consider talking to your financial adviser about prison-free investing. If you're saving for retirement through an employer-sponsored plan such as a 401(k), Prison Free Funds has an action toolkit that involves building a coalition and advocating for new offerings. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
23-03-2025
- Business
- Yahoo
Private prisons will gain as Trump conducts mass deportations — and you may be unknowingly invested in them
Mass deportations are being planned by the U.S. government — and that could mean a big boom in business for private prisons. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Americans with upside-down car loans owe more money than ever before — and drivers can't keep up. Here are 3 ways to cut your monthly costs ASAP As of March 9, U.S. Immigration and Customs Enforcement (ICE) was holding 46,269 people people, according to the nonpartisan Transactional Records Access Clearinghouse (TRAC). This is the highest number of detainees since October 2019. The Adams County detention center in Natchez, Mississippi, which held the largest number of ICE detainees so far in fiscal 2025, averaging 2,153 per day, is owned and operated by a publicly-traded company called CoreCivic (CXW). The stock has soared 54.52% in the last six months. The GEO Group (CXW), another operator of private prisons, has seen its shares double in value since Donald Trump's election win. Investors have poured money into these stocks since mass deportations will likely require an increase in immigration detention facilities. In November, George Zoley, The GEO Group's founder and executive chairman, told stakeholders in an earnings call that the company 'was built for this unique moment.' 'ICE detention isn't just a bureaucratic nightmare. It's a business. These facilities are privately owned and run for profit,' wrote Jasmine Mooney, a Canadian citizen who was recently detained by U.S. authorities for two weeks. 'It's a lucrative business: CoreCivic made over $560 million from ICE contracts in a single year. In 2024, GEO Group made more than $763 million from ICE contracts.' While for-profit private prison companies are reportedly set to make billions reopening jails for ICE, your retirement savings may be invested in and supporting these firms, whether you like it or not. Investors with moral and ethical concerns over benefiting from mass deportations may be unknowingly invested in these stocks through exchange-traded funds or mutual funds. Here's how to know your exposure and what you can do about it. Both The GEO Group and CoreCivic plan to benefit from mass deportations. In December, The GEO Group announced a $70 million investment to 'deliver expanded detention capacity, secure transportation, and electronic monitoring services' to ICE. According to the press release, it's currently the largest service provider to ICE, 'providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities.' The for-profit company plans to reopen Delaney Hall in Newark, New Jersey — an immigration detention center with 1,000 beds — though Newark Mayor Ras Baraka has threatened to issue a stop-work order. Other plans include potentially repurposing Federal Correctional Institute (FCI) Dublin to hold mass deportees. FCI Dublin, located in California, was permanently closed last year after years of incarcerated women reporting staff sexual misconduct allegations against. Last month, CoreCivic inked a deal with ICE to expand its detention capacity for up to 784 detainees at facilities in Mississippi, Nevada, Ohio and Oklahoma. It also announced it would reopen its family detention center in Texas, which was built to house 2,400 people, including children. The Texas detention center was shut down last year to save costs, though there have long been reports of poor treatment. A toddler reportedly died six weeks after leaving the facility in 2018 and the 'unsanitary conditions' were blamed. Read more: Gold just hit a historic high of $3,000/ounce on Trump's tariff moves — while US stocks got slaughtered. Here's 1 simple way to prevent more pain within minutes If you don't want to invest in for-profit private prisons, you'll first need to find out if you already are and don't realize it. A publicly available resource is Prison Free Funds, operated by non-profit shareholder advocacy group As You Sow (keep in mind, it is not an investment adviser). Prison Free Funds provides a database of more than 3,000 stock funds available in the U.S., allowing you to search for mutual funds and exchange-traded funds (ETFs) from your 401(k), retirement plan or personal portfolio by name, ticker or asset manager. It allows you to screen for both companies involved in the prison industry and companies involved in the militarization of borders and the policing of immigration. The percentage of total assets and amount of money invested in private prison operators are also highlighted, if you want to specifically avoid having those in your portfolio. For instance, the Invesco S&P SmallCap Industrials ETF has 2.43% of assets or $5.1 million invested in The GeoGroup and CoreCivic. Some index funds that get an 'F' rating from Prison Free Funds include AMG River Road Small Cap Value Fund, USA Mutuals Vice Fund and BlackRock LifePath® Index 2040 Fund K, among others. The site also allows you to search for sustainably-invested mutual funds and ETFs. If you're an individual investor, you could consider talking to your financial adviser about prison-free investing. If you're saving for retirement through an employer-sponsored plan such as a 401(k), Prison Free Funds has an action toolkit that involves building a coalition and advocating for new offerings. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
