geo e geo 2018 2019

The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity

As we have expressed in the past, we recognize that we can enhance shareholder value with stock repurchases at times where we believe our stock is undervalued. GEO WEEK 2018 IN KYOTO JAPAN.

Our guidance for 2019 reflects several expected positive items, including continued elevated utilization rates across our ICE facilities, as well as our ISAP contract with ICE.

We also continue to be pleased with the implementation and expansion of our GEO Continuum of Care programs. Terrific, thank you very much.

Compared to the same period of last year, our fourth quarter 2018 results reflect the following items, the start-up costs for the activation of the Ravenhall Australia Correctional Center in November 2017, the start-up cost for the activation of a previously idle 338-bed annex at our Folkston ICE processing center in Georgia in July 2018, the start-up cost for the activation of the previously idle 661-bed Eagle Pass Texas facility with the State of Idaho in August 2018, start-up costs for the activation of the new 1,000 bed Montgomery ICE processing center in September 2018, a year-over-year increase of approximately $5 million in net interest expense attributable to higher interest rates, as well as higher overall outstanding debt balances and revised pricing terms under the new 10-year contracts for our Big Spring, Texas facilities, which as we have previously disclosed began on December 1st of 2017.

Moving to pending Federal Procurements, a contract decision on the two active solicitations by the Federal Bureau of Prisons has been delayed as a result of the government shutdown.

But presently, we don't see any adverse impact to our populations. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Thank you.

Otherwise you will be prompted again when opening a new browser window or new a tab. Further, we are in negotiations for an additional 300-bed expansion for the Ravenhall center. We were very pleased with the continued success of our GEO Continuum of Care enhanced enhanced rehabilitation program and its expansion to 18 GEO facilities. GEO Group Misses on Revenues but Beats on EPS, Copyright, Trademark and Patent Information.

Relations. Could you talk about it in broad terms, what your contract renewals looked like in 2019? 4 October: 17.00 – 18.30 Please go ahead, sir. The Ravenhall center initially housed 1,000 inmates when it opened in late 2017 and began ramping up 300 additional beds in late 2018, bringing its total contract capacity to 1,300 beds. Okay. Moving to our outlook, this morning, we issued our initial guidance for the full year and first quarter of 2019. Do you expect this to translate into business opportunities for the Company? While the timing of these procurements was impacted by the recent government shutdown, we still expect contracts to be awarded during this year, which could result in upside to our initial guidance. 7 October: 08.30 – 17.00, Informa MarketsLONDON+44 797688 7088[email protected], Informa Markets BAHRAIN+973 17 550033[email protected], AAPG Middle East & AfricaDUBAI+971 4 3724201[email protected], Informa MarketsSINGAPORE

The following table summarizes, for income tax purposes, the nature of

We continue to be optimistic about the potential for revenue synergies and new growth opportunities under our expanded reentry programs and in-custody treatment services platform. We believe that the scope and substance of our GEO Continuum of Care programs are unparalleled in our industry and we expect that these efforts will allow us to pursue new quality growth opportunities. Got it.

During 2018, our GEO Continuum of Care programs completed over 6.7 million hours of rehabilitation programming. Approximately two-thirds of this increase is directly related to higher interest rates, with the rest being attributed -- attributable to increased overall outstanding debt balances compared to 2018. Well, the Bay Florida Facility was out of commission because of the hurricane damage. We expect the Fulham center expansion to be completed during 2020. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And our first question will come from Tobey Sommer of SunTrust. As a reminder, these two procurements are for the exclusive housing of criminal aliens.

Since the reopening of government, we have received payments from our federal customers under the continuing resolution, which continues through February 15.

The average daily attendance for our vocational courses totaled more than 32,000 participants, leading to more than 9,100 vocational training certifications. During the fourth quarter, our GEO Corrections & Detention business unit completed the ramp up and activation of two important projects in Texas. In November 2019, Ministers from GEO’s 105 Member governments, business leaders, heads of international non-profits and passionate experts met in Canberra, Australia for GEO Week 2019 and the GEO Ministerial Summit. Compared to fourth quarter 2018, our first quarter 2019 guidance reflects approximately $0.03 per diluted share and additional employment taxes which are front loaded in the first quarter of each year. BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO") announced today the tax And then Brian in your script you said growth CapEx for 2019, was that 15 or 50? We need 2 cookies to store this setting. These positive operational items are partially offset by the continued impact of higher interest rates with our full year guidance for 2019 reflecting a year-over-year increase, of approximately $16 million in higher net interest expense.

Brian Evans -- Senior Vice President, Chief Financial Officer.

Please note this event is being recorded. We continue to carefully evaluate our capital allocation to create sustainable long-term value for our shareholders. Especially Marshals and ICE where there's definitely some volatility in those populations. Market data powered by FactSet and Web Financial Group. Thank you, Dave and good morning everyone.

For the first quarter 2019, we expect net income attributable to GEO to be in a range of $0.28 to $0.30 per diluted share, on revenues of $601 million to $606 million. Our BI Electronic Monitoring division has continued to experience increased utilization under our Intensive Supervision and Appearance Program, ISAP contract with ICE, and we would expect these trends to continue during 2019. At this time, I'll ask our CFO, Brian Evans to review our quarterly results and outlook.

During 2018, our continuum of care sites delivered approximately 6.7 million hours of programming, while awarding close to 2,800 high school equivalency degrees, more than 9,100 vocational training certifications and over 8,800 substance abuse treatment completions. So they're not coming up for rebid this year? This contract is expected to generate approximately $17 million in annualized revenue. Thanks. Under this bipartisan bill, ICE would receive funding to support an average annual capacity of approximately 45,300 detention beds, which represents an increase of approximately 5,000 beds from the 40,500 beds that were funded during the prior fiscal year. Today, we will discuss non-GAAP basis information. The GEO Care business unit served approximately 700,000 individuals during the year, while managing an average daily census of more than 200,000 program participants. J. David Donahue -- Senior Vice President, & President-U.S. Corrections and Detention, & International Operations. We are hopeful and it's likely given that the authorized levels has now increased by 5,000 beds and historically, I think it's been correct that the actual population has always been significantly higher than that level.

development, and operation of correctional, detention, and community And then maintenance, kind of, what $20 million or $30 million? Contents: Prepared Remarks; Questions and Answers; Call … And then your AR balances obviously increased in Q4, and I'm wondering how much of that increase would you attribute to just kind of accruing the receivable for the federal non-payment?

There are helpful details about adult involvement in GeoChallenge work in the 2018-19 Rules & Requirements. Cumulative Growth of a $10,000 Investment in Stock Advisor, The GEO Group Inc (GEO) Q4 2018 Earnings Conference Call Transcript @themotleyfool #stocks $GEO, The GEO Group Inc (GEO) Q3 2019 Earnings Call Transcript, The GEO Group Inc (GEO) Q1 2019 Earnings Call Transcript, GEO Group Hits Estimates in Solid Quarter. Additionally, much of the information we will discuss today, including the answers we give in response to your questions may include forward-looking statements, regarding our beliefs and current expectations with respect to various matters. Marshal, the teeny populations is being sort of a leading indicator for what eventually may flow into that BOP inmate population subset. Kevin McClure -- Wells Fargo Securities -- Analyst. They have already been extended for two years.

Pablo E. Paez, 1-866-301-4436Executive Vice President, Corporate So, with the new level being approximately 45,000 beds and the actual being about 48,000. Thank you, George. We currently have approximately $105 million in available capacity under our current stock repurchase program, which expires in October 2020. encouraged to consult with their own tax advisors as to their specific We believe these three expansion projects are indicative of our ability to grow our public-private partnerships internationally, in support of our customers' evolving needs. I would expect that the 48,000 could increase through reprogrammed funding has been -- which has been reported in the media. During the fourth quarter, we recognized -- reorganized our legal representation and strategy with respect to certain legal cases and incurred one-time legal transition expenses. So, we don't see a significant impact in our lane and in the course of the Bureau of Prisons, they are under the review process to determine exactly how it's going to apply up to their populations. During the fourth quarter, our GEO reentry division completed the consolidation and reorganization of our reentry operations in Pennsylvania. We are pleased with our overall operational and financial results during the very active fourth quarter of 2018. We are encouraged that during the fourth quarter, our GEO reentry division activated three new Day Reporting Centers.

14, 2019, 11:00 a.m.

What Does Wall Street See for GEO Group's Q1? Across these state customers, we have been expanding the delivery of our GEO Continuum of Care programs, which have been now launched in 15 GEO-state Correctional Facilities. During the full year of 2018, we repurchased 4.2 million shares for approximately $95 million, bringing our outstanding diluted share count to approximately 119.5 million shares. This five-year extension also includes a 489-bed expansion project, which will bring the Junee center total capacity to 1,279 beds during the fourth quarter of 2019. We expect full year 2019 adjusted EBITDA to be in a range of $464 million to $476 million, representing a year-over-year increase from 2018 of approximately 6% at the midpoint of our guidance. We expect our first quarter 2019 AFFO to be between $0.59 and $0.61 per diluted share.

On a combined basis, our employees, facilities and programs served approximately 1 million individuals during 2018.

We also provided post release support services to more than 1,800 individuals returning to their communities.

Alright. We inherited the operating lease agreement for the Hudson facility as part of our acquisition of Cornell Companies in 2010. This past year was also the most active with respect to contract renewals and extensions in our Company's history. Finally, our Board of Directors and management team remain focused on the effective allocation of capital to enhance long-term value for our shareholders.

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