Mark Suchinski
CFO & Senior VP at The GEO Group
Taking into account these moving pieces, we have increased our full year 2025 guidance for GAAP net income to a range of $1.99 to $2.09 per diluted share, including a $228,000,000 gain on the sale of our lawn facility. We've increased our full year 2025 guidance for adjusted net income to a range of $0.84 to $0.94 per diluted share on increased annual revenues of approximately $2,560,000,000 and based on an effective tax rate of approximately 26% inclusive of known discrete items. We expect total capital expenditures for the full year 2025 to be approximately $200,000,000 and $210,000,000 which includes approximately $60,000,000 for the purchase of our Western Region detention facility. And we are maintaining our full year 2025 adjusted EBITDA guidance in the range of $465,000,000 to $490,000,000 For the third quarter twenty twenty five, we expect adjusted net income to be in the range of $0.20 to $0.23 per diluted share on quarterly revenues of $650,000,000 to $660,000,000 We expect third quarter twenty twenty five adjusted EBITDA to be between $115,000,000 and $125,000,000 For the 2025, we expect adjusted net income to be in the range of $0.28 to $0.35 per diluted share on quarterly revenues of $658,000,000 to $673,000,000 And we expect fourth quarter twenty twenty five adjusted EBITDA to be between $132,000,000 and $147,000,000 Let's now move to our capital structure.