The success on foretelling harmful geological disasters aids in determining future contracts and payments. The second division includes the Division of Resources, which aids in the exploration and extraction of mineral, water and rock for profit.
GEO updated its monetary report for the whole year of 2014 and issued a guidance report for investors towards the second quarter of the year. The organization expects its net income to rise from $1.78 to $1.86 per share. Secondly, it also anticipates the annual revenue to range between $i.60 billion and $ 1.62 billion. The enterprise also increased its Net Operation Income to an array of $452 million to $458 million. For the second part of the 2014 financial year, the total amount of diluted shares aims at increasing at a range of $55 million to $57 million. Additionally, the expected revenue for the second quarter of the year is bound to range between $404 and $409 million. The organization’s expenses are low contrast to the revenues making it gain profits rather than lose (The Geo Group 3).
For the GeoHazard division, the department secured a number of insurance contracts in order to develop electronic monitoring devices that aid in the prediction of geological catastrophes. The step improved the company’s detection and mitigation skills allowing it to manage its future risks hence aiding in securing future contracts and payments. Furthermore, its ability to predict future occurrences enables it to facilitate its operation services. The Geo Energy Resource Division reports a return to profitability with a net profit of $0.1 million compared to a previous loss of $0.9 million experienced in 2013. The gross profit margin shows a gradual improvement compared to the year 2013 with an raise of $7.2 million, and the company expects an increase towards the second quarter of the year. Generally the profitability and performance levels of the