CoreCivic

CoreCivic, Inc. operates as a government solutions company, which engages in the development and management of prisons and other correctional facilities. It operates through the following segments: Safety, Community, and Properties. The Safety segment consists of correctional and detention facilities. It provides transportation services to government agencies and TransCoR. The Community segment offers residential reentry centers and provides electronic monitoring case management services. The Properties segment consists of real estate properties owned by the company that are leased to government agencies. The company was founded by Thomas W. Beasley, T. Don Hutto, and Robert Crants on January 28, 1983 and is headquartered in Brentwood, TN.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

CoreCivic reports Q4 revenue decline but shows resilience and growth opportunities

CoreCivic's Q4 performance reflects revenue decline due to contract non-renewals but shows resilience with operational improvements and debt reduction.
The company's focus on financial discipline, debt reduction, and operational efficiency positions it for growth despite challenges in ICE contracts and staffing adjustments.
Opportunities lie in revenue diversification through dual contract models, potential positive impacts from ICE contract renegotiations, and stable Marshals service occupancy.
Guidance for 2023 indicates a strategic approach to addressing challenges while capitalizing on opportunities for revenue growth and operational efficiency.

CoreCivic reports steady Q1 growth amidst forecasted challenges

CoreCivic's Q1 2023 performance showed resilience with revenue growth despite challenges.
The company is strategically positioned to capitalize on increased demand from ICE and state partners.
While facing forecasted declines, CoreCivic is actively managing debt reduction and operational efficiency.
Ongoing focus on cost management and maintaining a strong balance sheet for future growth opportunities.

CoreCivic reports solid Q2 earnings, eyes growth amid challenges

CoreCivic's Q2 performance reflects financial strength and strategic focus on debt reduction and growth opportunities.
While facing challenges like contract monitoring and uncertainty, the company is well-positioned for revenue growth.
Opportunities in renegotiated contracts, increased demand for detention capacity, and stable Marshals populations drive future potential.
Financial flexibility, strong operational performance, and potential revenue growth highlight CoreCivic's resilience and strategic positioning.

CoreCivic reports revenue growth and pursues new opportunities strategically

CoreCivic's Q3 2023 performance showed revenue growth, improved occupancy, and a focus on debt reduction and capital allocation strategies.
The company faces challenges in timeline uncertainty for new opportunities and returning to pre-pandemic margins, amidst ongoing financial management efforts.
Opportunities lie in potential new contracts, asset divestitures, and capital allocation strategies aimed at enhancing shareholder value.
Overall, CoreCivic's performance reflects a mix of strengths, challenges, and opportunities in navigating its operational landscape.

CoreCivic reports revenue growth and new contracts amidst challenges

CoreCivic's Q4 2023 showed revenue growth, increased occupancy, and new contracts.
The company focuses on debt reduction, share repurchases, and maintaining stability.
Challenges include infrastructure demands, court backlogs, and ICE funding impacts.
Opportunities lie in margin improvement, rate increases, and exploring detention alternatives.

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GEO Group

CoreCivic and Geo Group, which also run migrant detention centers, are having one of the best weeks since Trump's win in November 2016. The post Why These Two Prison Stocks Soared Around 80% This Week appeared first on Investor's Business Daily.

Why These Two Prison Stocks Soared Around 80% This Week

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CoreCivic, Inc. (NYSE:CXW ) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Jason Weaver - JonesTrading M. Marin - Zacks Investment Research, Inc. Brian Violino - Wedbush Securities Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital, LLC Ben Briggs - StoneX Financial Operator Thank you for standing by.

CoreCivic, Inc. (CXW) Q3 2024 Earnings Call Transcript

Private prison operators GEO Group (NYSE:GEO) and CoreCivic (NYSE:CXW) look poised to be one of the biggest beneficiaries of Donald Trump's presidency.

Will GEO Group and CoreCivic See Their Stocks Double Under a Trump Presidency?

Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration.

Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared

Cost Management and Higher Occupancy Continue To Drive Positive Financial Performance Raises Full Year Financial Guidance

CoreCivic Reports Third Quarter 2024 Financial Results

Among the biggest winners Wednesday morning are prison stocks Geo Group GEO and CoreCivic CXW, moving positively to the news that Donald Trump won the 2024 presidential election.

Prison Stocks Geo Group, CoreCivic Rally On Trump 2024 Election Win: History Shows The Gains May Not Last

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Donald Trump's 2024 win should boost stocks like GEO Group, CoreCivic, Target Hospitality, Affirm, Federal National Mortgage Association, and Bitcoin pre-market. GEO Group and CoreCivic benefit from Trump's policies, with potential gains similar to post-2016 election performances. Target Hospitality could see increased demand for facilities due to stricter immigration policies and more drilling activity.

What To Buy On A Trump Win

Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies.

Prison stocks jump on expectations of more detentions

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Agoura Hills, CA, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Over the past seventeen years, inmates at the South Central Correctional Facility (SCCF) in Clifton, Tennessee, have restored over 25,000 donated wheelchairs through a prison work program. The used wheelchairs they fix are sent to high-need areas around the world through the Joni and Friends Wheels for the World™ program, which distributes mobility devices and Bibles to the world's most vulnerable citizens.

Prison management company CoreCivic honored as inmates restore 55,000th wheelchair for people in need

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CoreCivic, Inc. (NYSE:CXW ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Mike Grant – Managing Director of Investor Relations Damon Hininger – President and Chief Executive Officer David Garfinkle – Chief Financial Officer Conference Call Participants Joe Gomes – Noble Capital Jason Weaver – JonesTrading Brian Violino – Wedbush Ben Briggs – StoneX Financial Edwin Groshans – Compass Point M. Marin – Zacks Operator Good day and thank you for standing by.

CoreCivic, Inc. (CXW) Q2 2024 Earnings Call Transcript

Higher Occupancy and Cost Management Initiatives Drive Positive Quarterly Financial Performance BRENTWOOD, Tenn., Aug. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today its second quarter 2024 financial results.

CoreCivic Reports Second Quarter 2024 Financial Results

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BRENTWOOD, Tenn., July 01, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 second quarter financial results after the market closes on Wednesday, August 7, 2024. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, August 8, 2024.

CoreCivic Announces 2024 Second Quarter Earnings Release and Conference Call Dates

The stock market is reacting to the first 2024 presidential debate and prison stocks could be the winner based on what was said by the two candidates Thursday night.

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Nasdaq Surges 100 Points; CoreCivic Shares Plummet

The prison company said it is suspending its financial guidance for 2024.

CoreCivic Lost a Contract and an Upbeat Call. Another Stock Is Down Even More.

CoreCivic (NYSE: CXW ) stock is falling on Tuesday after the detention center company revealed that the U.S. government has ended a contract with it. CoreCivic notes that the U.S. government has terminated its contract for the South Texas Family Residential Center in Dilley, Texas.

Why Is CoreCivic (CXW) Stock Down 26% Today?

BRENTWOOD, Tenn., June 10, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") received notification today from U.S. Immigration and Customs Enforcement ("ICE") that the agency intends to terminate an inter-governmental service agreement (“IGSA”) between CoreCivic and ICE for services at the South Texas Family Residential Center in Dilley, TX (the “Facility”) effective in 60 days, or on or about August 9, 2024.

CoreCivic Receives Termination Notice From U.S. Immigration and Customs Enforcement At South Texas Family Residential Center

CoreCivic, Inc. (NYSE:CXW ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Mike Grant - MD, IR Damon Hininger - President & CEO David Garfinkle - EVP & CFO Brian Hammonds - VP, Finance Conference Call Participants Joe Gomes - Noble Capital M. Marin - Zacks Ben Briggs - StoneX Group Incorporated.

CoreCivic, Inc. (CXW) Q1 2024 Earnings Call Transcript

Higher Occupancy Propels Strong Quarterly Financial Performance Capital Strategy Highlights Include Significant Share Buyback and Debt Refinancing in Quarter BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024.

News for CoreCivic Stock (CXW)