GEO - GEO Group Q4 results reflect growth in operating income as expenses tighten

GEO Group (NYSE:GEO) fourth-quarter earnings Thursday came in above consensus, as operating income was strengthened by a decline in expenses.  Note the company incurred a non-cash deferred tax charge of $70.8M in Q4 following its previously announced corporate tax restructuring from a real estate investment trust to a taxable C corporation.  Q4 operating income of $76.01M jumped from $43.69M in the same year-ago period.  Q4 operating expenses of $395.98M slid from $431.58M in Q4 of last year.  Revenue of $557.53M matched the consensus and fell from $578.11M in Q4 2020.  Q4 interest expense of $33.03M vs. $31.30M in Q4 a year ago. Interest income was just $5.83M in Q4, down from $6.02M in the year-ago quarter.  Meanwhile, the company incurred a non-cash deferred tax charge of $70.8M in Q4 following its previously announced corporate tax restructuring from a real estate investment trust to a taxable C corporation.  Looking forward, "we remain

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GEO Group Q4 results reflect growth in operating income as expenses tighten