For the first quarter of 2024, we expect Net Income to be in a range of $22 million to $24 million and quarterly revenues in a range of $600 million to $610 million. We expect first quarter 2024 Adjusted EBITDA to be in a range of $117 million to $122 million. Compared to fourth quarter 2023, our first quarter 2024 guidance reflects the impact of having one fewer day in the quarter. Additionally, our first quarter of the year is impacted by higher costs related to payroll taxes, which are frontloaded in the beginning of each year.
The GEO Group For Q1 Expects Net Income Of $22M-$24M, And Revenues Of ~$600M Vs. $605.35 Est.; Sees Adjusted EBITDA Of $117M-$122M
Company Profile
Thu. 15 Feb 2024, 6:13am ET
Benzinga
Earnings, News, Guidance