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Article: Wackenhut Corrections Corporation Reports Third Quarter Results; -- Achieved quarterly EPS of $2.79 - net income of $30.4 million -- Revenues Grew 11% to $158 Million from $142 Million -- Third Quarter Average Occupancy Rates Improved to 100%.
- Article from:
- PR Newswire
- Article date:
- November 6, 2003
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Wackenhut Corrections Corporation ("WCC") today reported third quarter 2003 earnings per share of $2.79 or $30.4 million compared with $0.25 per share or $5.4 million in the third quarter of 2002. These results are inclusive of a one-time after- tax gain of approximately $32.7 million from the sale of WCC's joint-venture interest in the United Kingdom, a charge of approximately $1.2 million, after tax, related to the refinancing of WCC's former senior credit facility, a write-off of approximately $3.0 million, after tax, related to WCC's deactivated Jena, Louisiana Facility, and approximately $1.8 million, after tax, for transition costs related to WCC's contract with ...