Recent Updates — GEO
The GEO Group reported second quarter 2026 revenues of $732.1 million, a 15% increase year-over-year, with net income attributable to operations rising 63% to $47.5 million and Adjusted EBITDA increasing 20% to $142.0 million. The company repurchased approximately 1.6 million shares for $36.6 million during the quarter. Management updated full-year 2026 guidance, raising net income expectations to a range of $168–$175 million ($1.27–$1.32 per diluted share) and Adjusted EBITDA to $550–$560 million on revenues of $2.95–$3.05 billion. Additionally, GEO announced new five-year support services contracts with U.S. Immigration and Customs Enforcement for the Big Horn Facility in Colorado and the Rivers Facility in North Carolina, expected to generate approximately $85 million and $80 million in annual revenues respectively upon normalization in early 2027. The GEO Group operates as a leading provider of contracted support services for secure facilities, processing centers, and reentry centers.