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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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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.

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A Generational Investment Opportunity In Infrastructure

BRENTWOOD, Tenn., Dec. 23, 2020 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the “Company") announced today that following an extensive and ongoing marketing process for the proposed sale of certain non-core real estate assets in its CoreCivic Properties segment, it closed on the sale of 42 of its non-core government leased properties to a third party for an aggregate purchase price of $106.5 million. The assets sold represented approximately 573,000 gross rentable square feet and are expected to generate approximate net proceeds of $27.0 million, following repayment of non-recourse mortgage notes associated with some of the properties and other transaction-related costs. Net cash proceeds will be utilized to repay borrowings under the Company's revolving credit facility.

CoreCivic Announces the Sale of 42 Non-Core Government Leased Properties for $106.5 Million

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BRENTWOOD, Tenn., Nov. 04, 2020 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the Company) announced today its financial results for the third quarter of 2020.

CoreCivic Reports Third Quarter 2020 Financial Results

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The threat of a landslide blue-wave has sent CoreCivic well below 2016 lows. My thesis that CoreCivic faces an existential threat from a change in the federal government is unchanged.

CoreCivic: I Told You This Is Uninvestable

CoreCivic's correlation with the political risks attached to the upcoming presidential election and lack of short-term capital returns for us to be compensated led us to sell our shares. Despite trading at an increasingly more attractive valuation, shares have been drilling lower, becoming a falling knife, which is to be avoided by the norm.

CoreCivic: When Catching A Falling Knife May Be Sensible

Expands Multi-Year Initiative Already Resulting in Nearly 2,000 Letters of Support for 66 Federal and State Laws Aimed at Reducing Recidivism Expands Multi-Year Initiative Already Resulting in Nearly 2,000 Letters of Support for 66 Federal and State Laws Aimed at Reducing Recidivism

CoreCivic Announces Support for Pell Grant Restoration, Voting Rights Restoration and Licensure Reform Policies

BRENTWOOD, Tenn., Oct. 16, 2020 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2020 third quarter financial results after the market closes on Wednesday, November 4, 2020.

CoreCivic Announces 2020 Third Quarter Earnings Release and Conference Call Dates

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Why CoreCivic Stock Fell 14.1% in September

BRENTWOOD, Tenn., Sept.  15, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") announced today that it has entered into a new contract under an Intergovernmental Agreement between the city of Cushing, Oklahoma and the United States Marshals Service (USMS) to utilize the Company's 1,692-bed Cimarron Correctional Facility in Cushing, Oklahoma.  The Company previously announced the intention to idle the Cimarron Correctional Facility during the third quarter of 2020, largely due to a lower number of inmate populations from the state of Oklahoma resulting from COVID-19, combined with the consequential impact of COVID-19 on the State's budget.  The new management contract with USMS will allow the Company to transition the facility's mission without significantly disrupting operations.

CoreCivic Enters Into New Management Contract with the United States Marshals Service

BRENTWOOD, Tenn. , Aug.  24, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways, announced today its participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for August 26, 2020.

CoreCivic Announces Participation in Noble Capital Markets Virtual Road Show Series

Renews Two Federal Contracts in Texas Renews Two Federal Contracts in Texas

CoreCivic Enters Into New Management Contract with the State of Idaho

BRENTWOOD, Tenn., Aug.  14, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the “Company") a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways, today announced their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.  

CoreCivic Announces Participation in Noble Capital Markets C-Suite Interview Series

CoreCivic (CXW) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

CoreCivic (CXW) in Focus: Stock Moves 8.1% Higher

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CoreCivic Inc (CXW) CEO Damon Hininger on Q2 2020 Results - Earnings Call Transcript

BRENTWOOD, Tenn., Aug.  05, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the Company) announced today that its Board of Directors has unanimously approved a plan to revoke its Real Estate Investment Trust (REIT) election and become a taxable C corporation, effective January 1, 2021.  The decision is the result of an evaluation of corporate structure and capital allocation alternatives announced on June 17, 2020.

CoreCivic Announces Change in Corporate Structure and New Capital Allocation Strategy

BRENTWOOD, Tenn., Aug.  05, 2020  (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the Company) announced today its financial results for the second quarter of 2020.

CoreCivic Reports Second Quarter 2020 Financial Results

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CoreCivic Announces 2020 Second Quarter Earnings Release and Conference Call Dates

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News for CoreCivic Stock (CXW)