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

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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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CoreCivic fluctuates with the political landscape. The political risks have the potential to flip from a headwind to a tailwind in the coming months.

Is CoreCivic Weakness An Opportunity?

CoreCivic is now in a strong financial position and has launched a generous share buyback program to reward shareholders. The buyback yield is calculated around 16%. CoreCivic's generous buyback program should drive the share price up sharply.

CoreCivic: 16% Buyback Yield Should Drive The Share Price Up Sharply

CoreCivic, Inc. (NYSE:CXW ) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Cameron Hopewell – Managing Director of Investor Relations Damon Hininger – President and Chief Executive Officer David Garfinkle – Chief Financial Officer Conference Call Participants Joe Gomes – NOBLE Capital Jay McCanless – Wedbush Kirk Ludtke – Imperial Capital M. Marin – Zachs Ben Briggs – StoneX Financial Operator Good morning.

CoreCivic, Inc.'s (CXW) CEO Damon Hininger on Q2 2022 Results - Earnings Call Transcript

Increases Share Buyback authorization Increases Share Buyback authorization

CoreCivic Reports Second Quarter 2022 Financial Results

BRENTWOOD, Tenn., July 25, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2022 second quarter financial results after the market closes on Tuesday, August 2, 2022.

CoreCivic Announces 2022 Second Quarter Earnings Release and Conference Call Dates

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CoreCivic Vs. GEO: Valuation Comparison

CoreCivic, Inc. (NYSE:CXW ) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President, Finance Conference Call Participants Joe Gomes - NOBLE Capital Markets Kirk Ludtke - Imperial Capital Ben Briggs - StoneX Financial Operator Good morning. My name is Samira and I will be your conference operator.

CoreCivic, Inc. (CXW) CEO Damon Hininger on Q1 2022 Results - Earnings Call Transcript

BRENTWOOD, Tenn., May 04, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2022.

CoreCivic Reports First Quarter 2022 Financial Results

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BRENTWOOD, Tenn., April 11, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) today released its 2021 Environmental, Social and Governance (ESG) Report demonstrating how the company stayed committed to its mission to better the public good through the second year of the COVID-19 pandemic. This is the fourth annual report issued by CoreCivic since 2019.

CoreCivic Delivers on Commitments to Reentry, Human Rights, Diversity, Environment, Community and Safety through Pandemic in Fourth Annual ESG Report

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CoreCivic, Inc. (CXW) CEO Damon Hininger on Q4 2021 Results - Earnings Call Transcript

BRENTWOOD, Tenn., Feb. 09, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2021.

CoreCivic Reports Fourth Quarter and Full Year 2021 Financial Results

BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022.

CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

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BRENTWOOD, Tenn., Jan. 10, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has been awarded a new contract with the State of Arizona for up to 2,706 adult male inmates on behalf of the Arizona Department of Corrections, Rehabilitation & Reentry (ADCRR) at the Company's 3,060-bed La Palma Correctional Center in Eloy, Arizona.

CoreCivic Awarded New Contract with the State of Arizona at the La Palma Correctional Center

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CoreCivic: Go Against What The Government Is Saying

CoreCivic, Inc. (CXW) CEO Damon Hininger on Q3 2021 Earnings Call Transcript

News for CoreCivic Stock (CXW)