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

Earnings data Q3 2021

Earnings data Q4 2021

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

Earnings data Q4 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Ladder Capital

We’re being cautious. Very, very cautious, fully acknowledging that we can’t completely predict tomorrow, much less how 2020 is going to close.

2 High-Flying REITs We're Buying

Arbor Realty Trust

Iron Mountain

Simon Property Group

5 'Battleground' REITs Yielding 10% Or Higher That We're Buying

Altria

Reaves Utility Income Fund

High Income Is Your Friend In Volatile Times: 3 Great Defensive Picks

CoreCivic, Inc. (CXW) CEO Damon Hininger on Q1 2020 Results - Earnings Call Transcript

BRENTWOOD, Tenn., April  15, 2020  (GLOBE NEWSWIRE) -- CoreCivic announced today that every frontline CoreCivic employee will receive a $500 Hero Bonus in appreciation of their service and dedication to the company's mission during COVID-19. In conjunction with the Hero Bonus announcement, CoreCivic also announced its commitment to hire at its 73 active locations across the United States. Both moves reflect the company's focus on supporting its employees and the nation during the COVID-19 crisis.

CoreCivic Announces Hiring Commitment, Employee Hero Bonus Program Amid COVID-19

NASHVILLE, Tenn., April  01, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") announced today the withdrawal of its previously announced full year 2020 financial guidance, initially provided in the Company's fourth quarter and full year 2019 earnings release on February 12, 2020, due to uncertainties related to the potential impact of the ongoing coronavirus (COVID-19) pandemic.  The Company is confirming its first quarter 2020 financial guidance, also initially provided on February 12, 2020. 

CoreCivic Withdraws Full Year 2020 Financial Guidance

Omega Healthcare Investors

Tanger Factory Outlet Centers

Ventas

The coronavirus continues to generate more volatility after yet another wild week for U.S. equity markets.

Don't Panic: Buy REITs

NASHVILLE, Tenn., Feb.  20, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") announced today that its Board of Directors declared a quarterly dividend of $0.44 per share to be paid on April 15, 2020, to shareholders of record as of the close of business on April 1, 2020. 

CoreCivic Declares Quarterly Cash Dividend of $0.44 Per Share

Global Medical REIT

Innovative Industrial Properties

VEREIT

5 REITs To Watch Closely In 2020

There’s a little James Bond-style stealth for you after all: 3 High-Yield REITs To Impress Your Friends.

3 High-Yield REITs To Impress Your Friends

CoreCivic, Inc. (CXW) CEO Damon Hininger on Q4 2019 Results - Earnings Call Transcript

CoreCivic: Lock Up This 11% Yield And Don't Let It Go

Broadmark Realty Capital Inc.

The Chase For Yield Is On

NASHVILLE, Tenn., Jan.  23, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") announced today the tax allocations of its 2019 dividend distributions. 

CoreCivic Provides Tax Allocations of 2019 Dividend Distributions

GEO Group

Macerich

Pennsylvania Real Estate Investment Trust

Starbucks

SPDR S&P 500 ETF Trust

Taubman Centers

Vanguard Real Estate ETF

Jussi Askola Positions For 2020: Strong Buys Among REITs

City Office REIT

Park Hotels & Resorts

Plymouth Industrial REIT

7 Lucky High-Yielding REITs For 2020

CoreCivic: A Critical Mission Infrastructure Play That Yields 11.3%

Prison REITs: Go Woke, Go Broke

CoreCivic Might Be The Best Cheap REIT

NASHVILLE, Tenn., Dec.  12, 2019  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") announced today that its Board of Directors declared a quarterly dividend of $0.44 per share to be paid on January 15, 2020, to shareholders of record as of the close of business on January 6, 2020. 

CoreCivic Declares Quarterly  Cash Dividend of $0.44 Per Share

NASHVILLE, Tenn., Dec.  02, 2019  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the “Company") announced today that it will redeem all of its outstanding $325.0 million in aggregate principal amount of 4.125% senior notes due 2020 (the “Notes”), on January 1, 2020 (the “Redemption Date”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to but excluding the Redemption Date.  Since the Redemption Date is not a business day, the redemption price will be paid on the next succeeding business day, January 2, 2020.  On and after the Redemption Date, interest will cease to accrue on the Notes and the Notes will cease to be outstanding. The Company intends to finance the redemption of the Notes with borrowings under the Company’s revolving credit facility. 

CoreCivic Announces Redemption of $325.0 Million 4.125% Senior Notes Due 2020

CoreCivic: Relationship To Treasury Yields Implies +50% Upside

Dominion Energy

Duke Energy

AMERCO

Short-term interest rates are hitting rock-bottom lows.

Where To Stash Your Cash: Short-Term Rates Of 2.25% To 5%

CoreCivic, Inc. (CXW) CEO Damon Hininger on Q3 2019 Results - Earnings Call Transcript

AGNC Investment

Global Net Lease

Washington Prime Group

False Red Flags And Dividend Myths

News for CoreCivic Stock (CXW)