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 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 (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.

CoreCivic Reports First Quarter 2024 Financial Results

BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024.

CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call Dates

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BRENTWOOD, Tenn., March 15, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it is delivering an irrevocable notice to the holders of all of CoreCivic's previously issued $675,000,000 original aggregate principal amount of 8.250% senior unsecured notes due 2026 (the “2026 Notes”) that CoreCivic has elected to redeem in full the 2026 Notes that remain outstanding on April 15, 2024 (the “Redemption Date”).

CoreCivic to Redeem 8.250% Senior Notes Due 2026

BRENTWOOD, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it has completed the previously announced underwritten registered public offering of $500 million aggregate principal amount of 8.250% senior notes due 2029 (the “Notes”).

CoreCivic Announces Closing of Offering of $500 Million of 8.250% Senior Notes Due 2029 and Expiration and Results of Tender Offer for 2026 Notes

BRENTWOOD, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that, effective March 15, 2024, Catherine Hernandez-Blades and Alexander R.

CoreCivic Appoints Catherine Hernandez-Blades and Alexander R. Fischer to its Board of Directors; CoreCivic Also Announces Planned Retirement of Long-Term Board Member Donna Alvarado

CoreCivic announced today that it successfully upsized and priced its offering of $500 million aggregate principal amount of 8.25% senior notes due 2029.

CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029

BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of the $593.1 million outstanding aggregate principal amount of its outstanding 8.25% senior unsecured notes due 2026, which were issued with an original principal amount of $675.0 million (the “2026 Notes”), and which are guaranteed on a senior unsecured basis by all of CoreCivic's subsidiaries that guarantee its existing senior secured credit facilities and 4.75% senior unsecured notes due October 2027.

CoreCivic, Inc. Announces Cash Tender Offer for Any and All of Its Outstanding 8.25% Senior Notes Due 2026

BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it intends to offer, subject to market and other conditions, up to $450 million aggregate principal amount of senior notes due 2029 (the “Notes”). The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic's subsidiaries that guarantee its existing senior secured credit facilities, 4.75% senior unsecured notes due October 2027 and 8.25% senior unsecured notes due 2026 (the “2026 Notes”).

CoreCivic Announces Proposed $450 Million Senior Notes Offering

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CoreCivic, Inc. (CXW) Q4 2023 Earnings Call Transcript

Momentum Continues With Three New Management Contracts  Signed During the Fourth Quarter Provides 2024 Full Year Guidance BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023.

CoreCivic Reports Fourth Quarter and Full Year 2023 Financial Results

CoreCivic recently reported better than expected quarterly revenue and signed new contracts for 2023, indicating potential future sales growth. The company's business model focuses on providing government solutions through three segments, including correctional facilities, rehabilitation programs, and real estate properties. CoreCivic's balance sheet appears stable, with a strong asset/liability ratio and sufficient liquidity, despite a significant amount of debt.

CoreCivic: Quarterly Revenue Surprise, New 2023 Contracts, And Cheap

BRENTWOOD, Tenn., Nov. 16, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it signed a new management contract with the state of Wyoming for the housing of up to 240 male inmates at the Company's 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi.

CoreCivic Enters Into New Contracts With the State of Wyoming and Harris County, TX, at the Tallahatchie County Correctional Facility

BRENTWOOD, Tenn., Nov. 14, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it signed a new management contract with the state of Montana for the housing of up to 120 inmates at the Company's 1,896-bed Saguaro Correctional Facility in Eloy, Arizona.

CoreCivic Enters Into New Management Contract With Montana at Saguaro Correctional Facility in Arizona

CoreCivic, Inc. (NYSE:CXW ) Q3 2023 Earnings Conference Call November 7, 2023 12:00 PM ET Company Participants David Gutierrez - Dresner Corporate Services Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President-Finance Conference Call Participants Joe Gomes - NOBLE Capital Kirk Ludtke - Imperial Capital M. Marin - Zacks Investment Research Brian Violino - Wedbush Securities Jordan Hymowitz - Philadelphia Financial Management of San Francisco Greg Gibas - Northland Securities Operator Good day and thank you for standing by.

CoreCivic, Inc. (CXW) Q3 2023 Earnings Call Transcript

BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2023.

CoreCivic Reports Third Quarter 2023 Financial Results

BRENTWOOD, Tenn., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2023 third quarter financial results after the market closes on Monday, November 6, 2023.

CoreCivic Announces 2023 Third Quarter Earnings Release and Conference Call Dates

BRENTWOOD, Tenn., Oct. 12, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it entered into a Fourth Amended and Restated Credit Agreement dated October 11, 2023, by and among CoreCivic, as Borrower, certain lenders party thereto from time to time, and the administrative agent for the lenders, or the New Bank Credit Facility.

CoreCivic Enters Into Amendment and Extension of Bank Credit Facility

CoreCivic, Inc. (NYSE:CXW ) Q2 2023 Earnings Conference Call August 8, 2023 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 Kirk Ludtke – Imperial Capital Brian Violino – Wedbush M. Marin – Zacks Edwin Groshans – Compass Point Research & Trading, LLC Operator Good morning.

CoreCivic, Inc. (CXW) Q2 2023 Earnings Call Transcript

REDUCES TOTAL DEBT BY $34.1 MILLION INCREASES 2023 FULL YEAR GUIDANCE REDUCES TOTAL DEBT BY $34.1 MILLION INCREASES 2023 FULL YEAR GUIDANCE

News for CoreCivic Stock (CXW)