The GEO Group Announces $70 Million Investment in Expanding ICE Services Capabilities and New Corporate Reorganization
Geo Group Inc (The) REIT (GEO)
Last geo group inc (the) reit earnings: 4/30 06:55 am
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Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today a $70 million investment in capital expenditures to strengthen the Company’s capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement (“ICE”). GEO is currently the largest service provider to ICE, currently 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. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Supervision Appearance Program, as well as secure ground transportation and air operations support services. With the objective of offsetting the $70 million investment in capital expenditures and further reducing debt, GEO intends to pursue the possible sale of
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GEO
Earnings
- 11/7/24 - Miss
GEO
Sec Filings
- 12/16/24 - Form 8-K
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- GEO's page on the SEC website