The GEO Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 602.79 million compared to USD 616.68 million a year ago. Net income was USD 24.52 million compared to USD 38.34 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.26 a year ago.
For the nine months, sales was USD 1,804.89 million compared to USD 1,756.05 million a year ago. Net income was USD 82.09 million compared to USD 130.28 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.89 a year ago.