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The Geo Group (GEO) Q1 2021 Earnings Call Transcript


The Geo Group (GEO) Q1 2021 Earnings Call Transcript
Motley Fool Transcribing
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The Geo Group (NYSE: GEO)
Q1 2021 Earnings Call
Good day, and welcome to The GEO Group first-quarter 2021 earnings conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Pablo Paez, executive vice president of corporate relations. Please go ahead.
Pablo Paez
Executive Vice President of Corporate Relations
Thank you, operator. Good morning, everyone, and thank you for joining us for today s discussion of The GEO Group s first quarter of 2021 earnings results. With us today are George Zoley, chairman, chief executive officer, and founder; Brian Evans, chief financial officer; Ann Schlarb, president of GEO care; and Blake Davis, president of GEO secure services. This morning, we will discuss our first-quarter re ....

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GEO : Reports First Quarter 2021 Results and Updates Full Year 2021 Guidance


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The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the first quarter 2021 and updated its financial guidance for the full-year 2021.
First Quarter 2021 Highlights
Net Income Attributable to GEO of $50.5 million or $0.41 per diluted share
1Q21 results reflect $13.3 million pre-tax gain on real estate assets and $3.0 million pre-tax gain on the extinguishment of debt
Adjusted Net Income of $0.28 per diluted share
Net Operating Income of $152.3 million
Normalized FFO of $0.44 per diluted share ....

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