Ballast Small/Mid Cap ETF Price & Performance (MGMT)

The GEO Group reported fourth-quarter revenue of $607.7 million, exceeding forecasts of $607.44 million. However, adjusted EPS fell short at 13 cents, below the expected 22 cents. Increased administrative costs and a management reorganization contributed to the earnings shortfall. The company also secured a $1 billion, 15-year federal contract for immigration services.1

GEO Group announced a $1 billion, 15-year contract with U.S. Immigration and Customs Enforcement for services at a Newark facility. This deal is expected to generate over $60 million annually. Despite this, GEO's 2025 EPS and revenue projections fall below analyst expectations, with shares dropping 4% in premarket trading.1

GEO Group aims to reduce its net debt by $150-$175 million in 2025, targeting a total of $1.55 billion. The company projects adjusted EBITDA between $460 million and $485 million for the year. A new federal contract and reactivation of the Delaney Hall facility are pivotal to its growth efforts.1