GEO - GEO Group FFO of $0.64 beats by $0.26 revenue of $551.2M in-line

GEO Group press release (NYSE:GEO): Q1 FFO of $0.64 beats by $0.26. Revenue of $551.2M (-4.4% Y/Y) in-line. FY22 Guidance: Net Income to between $145 million and $157 million on annual revenues of approximately $2.2 billion vs. $2.17B consensus. Adjusted Net Income to be in a range of $1.17 to $1.27 per diluted share. AFFO to be in a range of $2.30 to $2.40 per diluted share and full year 2022 Adjusted EBITDA to be in a range of $453 million to $471 million. Q2 Guidance: Net Income Attributable to GEO to be between $36 million and $39 million Quarterly revenues of $560 million to $565 million vs. $545.72M consensus Adjusted Net Income to be between $0.30 and $0.32 per diluted share  2022 AFFO to be between $0.56 and $0.58 per diluted share.

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GEO Group FFO of $0.64 beats by $0.26, revenue of $551.2M in-line