Geo Group Inc (The) REIT (GEO) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.238 and welcome to the GEO Group fourth quarter 2025 earnings conference 00:00:05.238 -- 00:00:10.045 call. All participants will be in a listen-only mode. 00:00:10.045 -- 00:00:14.150 If you need assistance, please signal a conference specialist by pressing the star key 00:00:14.150 -- 00:00:16.273 followed by zero. 00:00:16.273 -- 00:00:21.380 After today's presentation, there will be an opportunity to ask questions. 00:00:21.380 -- 00:00:26.708 To ask a question, you may press star then one on a touch-tone phone. 00:00:26.708 -- 00:00:30.777 To withdraw your question, please press star then two. 00:00:30.777 -- 00:00:33.760 Please note, this event is being recorded. 00:00:33.760 -- 00:00:38.564 I would now like to turn the conference over to Pablo Paez, Executive Vice President, 00:00:38.564 -- 00:00:41.847 Corporate Relations. Please go ahead. 00:00:41.847 -- 00:00:46.532 Thank you, operator. Good afternoon, everyone, and thank you for joining us for today's 00:00:46.532 -- 00:00:51.937 discussion of the GEO Group's fourth quarter 2025 earnings results. 00:00:51.937 -- 00:00:56.961 With us today are George Zoli, Executive Chairman of the Board, and Mark Suchinski, Chief 00:00:56.961 -- 00:01:02.508 Financial Officer. This morning, we will discuss our fourth quarter and full year results, 00:01:02.508 -- 00:01:08.315 as well as our outlook. We will conclude the call with a question and answer session. 00:01:08.315 -- 00:01:15.201 This conference call is also being webcast live on our investor website at investors.geogroup.com. 00:01:16.946 -- 00:01:20.291 Today, we will discuss non-GAAP basis information. 00:01:20.291 -- 00:01:25.397 A reconciliation from non-GAAP basis information to GAAP basis results is 00:01:25.397 -- 00:01:31.3...