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GEO Group gets 2-year contract with Idaho for beds in Texas

Jun. 26, 2018 7:58 AM ETThe GEO Group, Inc. (GEO) StockBy: Liz Kiesche, SA News Editor6 Comments
  • GEO Group (NYSE:GEO) gets contract with the Idaho Department of Correction for housing, management and supervision of about 670 medium-custody inmates at GEO's Eagle Pass Detention Facility in Eagle Pass, TX, and its Karnes Correctional Center in Karnes City, TX.
  • The contract has a term of two years effective Oct. 1, 2018 and is expected to generate about $17M in annualized revenue.
  • Source: Press Release
  • Previously: GEO Group beats by $0.01, beats on revenue (April 26)

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