Company Insights - Geo Group is identified as the largest private prison operator in the United States, which has expanded its business model to include digital surveillance tools for immigrants [3] - The company has developed a range of products such as ankle monitors, smart watches, and tracking apps, which are utilized by the federal government to monitor immigrants [3] Industry Context - The use of technology for immigration surveillance has become a significant aspect of the immigration enforcement strategy in the United States, highlighting a growing intersection between technology and immigration policy [1][2] - The reliance on private companies like Geo Group for immigration monitoring raises questions about privacy and the implications of surveillance on immigrant communities [1][3]

Core Viewpoint - SSR Mining Inc. anticipates a more than 10% year-over-year increase in gold equivalent ounces (GEO) production, excluding contributions from the Çöpler mine, which is currently on care and maintenance [1] Production Outlook - The company expects GEO production to range between 410,000 to 480,000 ounces in 2025, with 55% of this production occurring in the second half of the year due to operational timing at CC&V and the grade profile at Marigold [2] - The Marigold mine is projected to produce 160,000 to 190,000 ounces of gold, while the Seabee mine is expected to produce 70,000 to 80,000 ounces [4] - Following the acquisition of the CC&V mine, expected gold production from this mine for 2025 is estimated to be between 90,000 to 110,000 ounces [5] Cost Expectations - SSR Mining's consolidated cost of sales for 2025 is anticipated to range between $1,375 and $1,435 per payable ounce, with All-In Sustaining Cost (AISC) expected to be between $2,090 and $2,150 [3] - Excluding care and maintenance costs at Çöpler, the AISC is projected to be between $1,890 and $1,950 per payable ounce, with costs expected to peak during the first and third quarters [3] - The cost of sales for the Marigold mine is expected to be between $1,530 and $1,570 per ounce, while the Seabee mine's cost of sales is anticipated to be between $1,230 and $1,270 per ounce [4] Financial Performance - SSR Mining's shares have surged 113.4% over the past year, contrasting with an 8.6% decline in the industry [6]

Strong Fourth Quarter Performance (in U.S. dollars unless otherwise noted)TORONTO, March 10, 2025 /PRNewswire/ - "Our portfolio delivered a strong fourth quarter resulting in GEO sales for the year that were near the top end of our revised GEO guidance range," stated Paul Brink, CEO. "Elevated gold prices drove higher quarterly revenue, Adjusted EBITDA and Adjusted Net Income compared to Q4 2023, even without a contribution from Cobre-Panama. Our strong balance sheet allowed us to complete more than $1.3B i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-14260 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to The GEO Group, Inc. (Exact name of registrant as specified in its charter) | Florida | 65-0043078 | | --- | --- | | State or oth ...

Financial Data and Key Metrics Changes - For Q4 2024, the company reported net income attributable to GEO of approximately $15.5 million or $0.11 per diluted share on revenues of approximately $608 million, compared to $25 million or $0.17 per diluted share in Q4 2023 on the same revenue [29][30] - Adjusted net income for Q4 2024 was approximately $18 million or $0.13 per diluted share, down from $37 million or $0.29 per diluted share in Q4 2023 [31] - Adjusted EBITDA for Q4 2024 was approximately $108 million, compared to approximately $129 million for the prior year's fourth quarter [31] - For the full year 2024, net income attributable to GEO was approximately $32 million on annual revenues of approximately $2.42 billion, with adjusted net income of approximately $101 million or $0.75 per diluted share [34][36] Business Line Data and Key Metrics Changes - Revenue from owned and leased secure service facilities increased by approximately 3% year-over-year, while revenue from electronic monitoring and supervision services declined by approximately 10% compared to the prior year's fourth quarter [31][32] - The average daily census levels at residential reentry centers remained stable at approximately 5,000 individuals during Q4 2024 [56] Market Data and Key Metrics Changes - The current population in ICE detention facilities is approximately 15,000, which represents an increase of 1,000 beds utilized since the last earnings call [12] - The company expects to provide approximately 17,000 incremental detention beds to ICE and the federal government, increasing total available capacity from approximately 15,000 to 32,000 beds [11][12] Company Strategy and Development Direction - The company plans to invest $70 million to enhance capabilities for expanded detention capacity, secure transportation, and electronic monitoring services to ICE and the federal government [11][69] - The company aims to reactivate idle facilities and is in discussions with ICE and the Marshals Service regarding their interest in these facilities [15][26] - The company is positioned to scale up its secure residential care housing and electronic monitoring services significantly in response to new administration policies [70][72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the unprecedented level of operational activity expected in 2025, driven by new contract opportunities and increased enforcement by ICE [9][24] - The company anticipates that the ramp-up in enforcement and detention activities will depend on additional funding appropriated by Congress [24][26] - Management highlighted the importance of the Laken Riley Act in potentially increasing the demand for monitoring services [16][77] Other Important Information - The company ended 2024 with approximately $1.7 billion in total net debt and expects to reduce net debt by an additional $150 million to $175 million in 2025 [27][41] - The company has a significant runway to grow its business while focusing on debt reduction and exploring options for returning capital to shareholders in the future [41] Q&A Session Summary Question: Impact of The Laken Riley Act on monitoring - Management indicated that individuals may need to be placed in detention or continue in the ISEP monitoring program indefinitely if there is no capacity [77] Question: Prioritization of monitoring devices - Management noted a preference for ankle monitors for high-security monitoring, with no identified supply chain issues [78][81] Question: Revenue guidance and monitoring segment contribution - Approximately $250 million of the projected $800 million to $1 billion in incremental revenue is expected from monitoring, based on a participant count of approximately 450,000 [83][87] Question: Expectations for ICE's use of the Atlanta facility - Management mentioned that a court order allows for partial utilization of the facility, with a hearing expected to authorize full utilization [111] Question: Startup costs and operational expenses for new facilities - Management discussed the significant costs associated with hiring and training staff for facility activation, with expectations for a fast ramp-up in procurement activity [113][117]

Financial Data and Key Metrics Changes - For Q4 2024, the company reported net income attributable to GEO of approximately $15.5 million or $0.11 per diluted share on revenues of approximately $608 million, compared to $25 million or $0.17 per diluted share in Q4 2023 on the same revenue [29][30] - Adjusted net income for Q4 2024 was approximately $18 million or $0.13 per diluted share, down from $37 million or $0.29 per diluted share in Q4 2023 [31] - Adjusted EBITDA for Q4 2024 was approximately $108 million, compared to approximately $129 million for the prior year's fourth quarter [31] - For the full year 2024, net income attributable to GEO was approximately $32 million on annual revenues of approximately $2.42 billion [34] Business Line Data and Key Metrics Changes - Revenue from owned and leased secure service facilities increased by approximately 3% year-over-year, while revenue from electronic monitoring and supervision services declined by approximately 10% compared to the prior year's fourth quarter [31] - The average daily census levels at residential reentry centers remained stable at approximately 5,000 individuals during Q4 2024 [56] Market Data and Key Metrics Changes - The current population in ICE detention facilities is approximately 15,000, which represents an increase of 1,000 beds utilized since the last earnings call [12] - The company expects to provide approximately 17,000 incremental detention beds to ICE and the federal government, increasing total available capacity from approximately 15,000 to 32,000 beds [11][12] Company Strategy and Development Direction - The company plans to invest $70 million to enhance capabilities for expanded detention capacity, secure transportation, and electronic monitoring services to ICE and the federal government [11][69] - The company aims to reactivate idle facilities and is in discussions with ICE and the Marshals Service regarding their interest in these facilities [15][16] - The company is focused on increasing its electronic monitoring capabilities to meet the requirements of the Federal Immigration Law and The Laken Riley Act [21][66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the unprecedented level of operational activity expected in 2025, driven by new contract opportunities and increased demand for services [9][10] - The company anticipates that the ramp-up in interior enforcement by ICE will continue throughout the year, contingent upon funding availability [24] - Management highlighted the potential for significant upside in revenues, estimating that opportunities could represent as much as $800 million to $1 billion in incremental annualized revenues [23][37] Other Important Information - The company ended 2024 with approximately $1.7 billion in total net debt and expects to reduce net debt by an additional $150 million to $175 million in 2025 [27][41] - The company has a 40-year record of providing special purpose facilities that meet the operational needs set by ICE, emphasizing cost savings compared to publicly operated facilities [18] Q&A Session Summary Question: What does The Laken Riley Act include in terms of monitoring? - Management indicated that individuals need to be placed in detention, and if there isn't capacity, they should continue in the ISEP monitoring program indefinitely [77] Question: Are ankle or wrist monitors prioritized over the SmartLink app? - Management noted a preference for ankle monitors initially, as they represent a higher security level of monitoring [79] Question: What percentage of the $800 million to $1 billion in incremental revenue is expected from the monitoring segment? - Approximately $250 million is expected from the monitoring segment based on a participant count of around 450,000 [83] Question: What are the expectations for ICE's use of the Atlanta facility now that the court order limiting utilization was lifted? - The facility may utilize approximately 460 to 470 beds, with a hearing next month expected to authorize complete utilization [111] Question: What level of startup costs will be associated with the Delaney Hall facility? - Startup costs will involve hiring and training approximately 3,000 employees, which will be several million dollars [113]

Core Viewpoint - Geo Group reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.21 per share, representing a year-over-year decline from $0.29 per share [1][2] Financial Performance - The company posted revenues of $607.72 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.31% and down from $608.28 million a year ago [2] - Over the last four quarters, Geo Group has not surpassed consensus EPS estimates and has topped consensus revenue estimates only twice [2] Stock Performance - Geo Group shares have declined approximately 7.9% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $617.91 million, and for the current fiscal year, it is $1.27 on revenues of $2.67 billion [7] - The trend of estimate revisions for Geo Group is mixed, which could change following the recent earnings report [6] Industry Context - The Financial - Mortgage & Related Services industry, to which Geo Group belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead [8]

4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com CR-25-03 Exhibit 99.1 N E W S R E LE A S E THE GEO GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS Boca Raton, Fla. – February 27, 2025 — 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 fo ...

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]