All through the campaign period, gearing to the elections, there was speculation of dozens of deregulation policies that would come into effect if President Trump returned to the White House. True to it, less than a month into his 2Michael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The L ...

Industry Overview - The private prison industry has been a leading sector in the stock market since November 2024, with Geo Group (NYSE: GEO) being a decisive winner of the rally [1] - Geo Group's stock has soared approximately 142% since the election and is up 22.43% year-to-date (YTD) as of January 23 [1] Geo Group's Performance and Drivers - Geo Group's stock price has surged above its 2017 highs, reaching $34.26 at press time, driven by the new administration's immigration policy [2] - The company is expected to benefit directly from the new policy, as it operates immigration detention centers within its portfolio [4] - The 13th Amendment provisions allowing for indentured servitude as punishment remain in place in many U S states, which could lead to an upsurge in cheap labor for private prison companies [5] - Approximately 30% of California's firefighters are inmates, highlighting the recent usage of such labor in the state [6] Analyst Expectations and Ratings - Geo Group's shares are rated as a 'moderate buy' on average on TipRanks, with an average price target of $41.50, forecasting a 20.82% rise in the coming 52 weeks [8] - Only four analyst firms revised their predictions since early October, with Wedbush being the only one to do so in 2025 [9]

Group 1 - The GEO Group has been previously recommended as a Hold, indicating a cautious stance on the stock [1] - There are signs of revenue growth deterioration for The GEO Group, suggesting potential challenges ahead [1] - The company is focusing on specific strategies, although details are not provided in the text [1] Group 2 - The analysis emphasizes the importance of fundamental bottom-up analysis and quantitative modeling in investment decisions [1] - The objective is to identify asymmetric opportunities in the market, capitalizing on perception gaps [1]

Exhibit 99.1 N E W S R E L E A S E 4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com CR-24-21 THE GEO GROUP REPORTS THIRD QUARTER 2024 RESULTS Boca Raton, Fla. – November 7, 2024 — The GEO Group, Inc. (NYSE: GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the third qua ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to_______ | --- | --- | --- | |----------------------------------------------------------------------------|-------------------------------------------------- ...

As Donald Trump’s victory in the 2024 presidential elections ignited an impressive rally for private prison stocks, an old Michael Burry bet once again came into focus, although, unfortunately, due to all the gains he missed by selling early.Specifically, Geo Group (NYSE: GEO) stock collapsed in value from above $12 to about $7 during the first quarter (Q1) of 2023, prompting ‘The Big Short’ investor to make a $5 million bet in Q2 of the same year.Burry cleared his stake in the private prison company only a ...

Financial Data and Key Metrics - Net income attributable to GEO for Q3 2024 was approximately $26 million or $0.19 per diluted share on quarterly revenues of approximately $603 million, compared to $25 million or $0.16 per diluted share in Q3 2023 on similar revenues [31] - Adjusted net income for Q3 2024 was approximately $29 million or $0.21 per diluted share, compared to $24 million or $0.19 per diluted share in Q3 2023 [32] - Adjusted EBITDA for Q3 2024 was approximately $119 million, essentially unchanged from the prior year [32] - Quarterly revenues in owned and leased secure services facilities increased by approximately 6% year-over-year, driven by higher occupancy levels at ICE facilities [33] - Net debt was reduced by approximately $92 million year-to-date, bringing total net debt below $1.7 billion with net leverage at approximately 3.0x adjusted EBITDA [17] Business Segment Data and Key Metrics - Electronic Monitoring and Supervision Services segment saw lower revenues due to reduced participant counts under the ISAP contract, averaging approximately 177,000 in Q3 2024 compared to 184,000 in Q2 2024 [8] - ICE processing centers utilization remained consistent at approximately 13,000 beds in Q3 2024, an 11% increase from the prior year, currently at 13,500 beds [9] - GEO Secure Services has approximately 10,000 available beds at six idle facilities and 8,000 underutilized beds under contract, potentially generating $300 million and $100 million in incremental annualized revenues, respectively [20][22] - GEO Care delivered in-custody rehabilitation programs to approximately 2,500 individuals and enrolled 19,000 in GEO Continuum of Care programs in Q3 2024 [55] Market Data and Key Metrics - Utilization across all ICE facilities nationwide was approximately 37,000 beds in September 2024, below the 41,500 beds funded under the continuing resolution [10] - The ISAP contract utilization is likely below the level supported by the continuing resolution funding of approximately $470 million for alternatives to detention programs [11] - The incoming Trump administration is expected to take a more aggressive approach to border security and interior enforcement, potentially increasing ICE detention funding to support 50,000 beds [12][13] Company Strategy and Industry Competition - The company is focused on reducing debt, deleveraging the balance sheet, and enhancing long-term shareholder value, with plans to reduce net debt by an additional $20 million in Q4 2024 [17][39] - GEO is well-positioned to scale up secure residential care housing from 13,500 beds to over 31,000 beds and expand ISAP participant monitoring from 182,500 to several millions [65] - The company is responding to a procurement for a Federal Immigration Processing center in Newark, New Jersey, expected to result in a 15-year contract [16] Management Commentary on Operating Environment and Future Outlook - The company expects the incoming Trump administration to implement more aggressive immigration policies, potentially increasing demand for GEO's services [13][64] - Federal funding for ICE detention and ISAP programs may increase after the expiration of the continuing resolution, with potential for additional appropriations [11][12] - The company anticipates scaling up services to meet future federal government needs, including secure transportation and electronic monitoring [15][22] Other Important Information - GEO has a long-standing partnership with ICE, providing approximately 40% of secure beds for ICE and having a 20-year history with the ISAP program [65][60] - The company has a strong capital structure with fixed-rate debt representing 76% of total indebtedness and no substantial debt maturities before April 2029 [38] Q&A Session Summary Question: ISAP NOI Margins and Operating Leverage - Margins in the ISAP segment are expected to remain consistent or potentially improve with increased participant counts [68] Question: Air Services Contract Opportunity - The air services contract could theoretically double in size, depending on Congressional funding, with potential for significant revenue growth [69] Question: Decline in Electronic Monitoring Revenues and NOI - The decline in net operating income was attributed to changes in the mix of services and increased staffing requirements for case management services [73][74] Question: Debt Reduction Goals - The company aims to reduce net debt by $150 million to $175 million annually, with $112 million expected in 2024 after accounting for refinancing fees [76][77] Question: Potential Expansion with U.S. Marshals and BOP - In the short term, available capacity will prioritize ICE, but long-term opportunities exist with the U.S. Marshals and BOP for additional bed space [78][79] Question: ISAP Program CapEx and Competition - CapEx requirements for scaling ISAP depend on the type of monitoring devices used, with GEO being the exclusive provider under the current contract [82][83] Question: ISAP Program Ramp-Up Cadence - The ISAP program could potentially double or triple in size, depending on funding availability, with prior participant counts reaching 340,000 [86] Question: ICE Detention Facility Staffing and Costs - Startup costs for reactivating idle facilities include physical plant renovations and labor recruitment, with no significant challenges expected in staffing [95] Question: BOP Opportunities Under New Administration - The Biden administration's prohibition on private sector providers for BOP may be reversed, potentially opening opportunities for GEO [96] Question: Criminal Alien Deportation and Facility Needs - The Trump administration's focus on deporting criminal aliens may require additional secure facilities, with varying levels of security needed [99][101] Question: ISAP Contract Extension - The ISAP contract can be extended for a minimum of six months, potentially up to 18 months, depending on the new administration's priorities [106][107]

Geo Group (GEO) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this private prison operator would post earnings of $0.25 per share when it actually produced earnings of $0.23, delivering a surprise of -8%.Over the last four quarters, the c ...

PETAH TIKVA, Israel, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has been awarded approximately $15 million in orders from several major satellite operators for its advanced satellite communications solutions for GEO, MEO and LEO constellations. The orders are expected to be delivered in several deliveries over the upcoming 18 months. These new orders unders ...

MONTRÉAL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Company" or "Osisko") (OR: TSX & NYSE) is pleased to provide an update on its third quarter 2024 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as of September 30th, 2024. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted. Results Release: Wednesday, November 6th, 2024 after market close Dial-in Numbers: (Option 1) North American Toll-F ...