BRENTWOOD, Tenn., July 10, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2025 second quarter financial results after the market closes on Wednesday, August 6, 2025. 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 7, 2025. To participate via telephone and join the call live, please register in advance here https://register-conf.media-server.com/register/BI826b71879 ...

CoreCivic Analysis - CoreCivic's share price has increased by 87.64% in the past year, yet it is still considered undervalued [1] - Potential revenue growth is anticipated due to the policies of the Trump administration [1] Investment Strategy - The investment approach focuses on identifying companies with robust, consistent, and predictable cash flows for accurate valuation [1] - Attention is given to macroeconomic developments as they can influence market cycles and valuation [1] - The analysis is sector and asset class agnostic, allowing for exploration of opportunities across various markets [1] Engagement and Community - The goal is to provide actionable investment ideas and exchange insights within the investment community [1] - The analysis is intended for both novice and seasoned investors, promoting discussion and engagement [1]

BRENTWOOD, Tenn., June 10, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has entered into a definitive agreement to acquire the Farmville Detention Center, a 736-bed facility constructed in 2010 and located in Farmville, Virginia. The transaction is expected to be consummated through the acquisition of 100% of the membership interests in entities that own the facility. Farmville Detention Center provides transportation, care, and civil detention services to adult ...

Group 1: Immigration Enforcement Impact - The United States is increasing immigration enforcement, creating potential benefits for private prison stocks [1] - Los Angeles is a focal point for recent Immigration and Customs Enforcement (ICE) raids, resulting in over 100 arrests and heightened political tensions [1] Group 2: CoreCivic (CXW) - CoreCivic, a leading private prison operator, is experiencing unprecedented demand due to increased ICE detention efforts [2] - The company reported Q1 earnings of $0.23 per share, nearly double expectations, with revenue reaching $488 million and facility capacity at 77% [3] - CoreCivic plans to open new detention centers, including a 2,560-bed facility in California and a 1,033-bed complex in Kansas, while expanding capacity in multiple states [3][4] Group 3: GEO Group (GEO) - GEO Group operates nearly 20 detention centers and has seen its stock rise over 80% post-2024 election due to expectations of increased immigration enforcement [6][7] - The company's stock is currently trading at $26.95, reflecting strong market performance [7] - GEO is expanding its electronic monitoring operations, currently tracking about 186,000 immigrants with plans to scale up to 450,000 using advanced technology [9] - In early 2025, GEO secured a contract with ICE to reopen the 1,000-bed Delaney Hall Facility in Newark, New Jersey [9]

CoreCivic (CXW) Conference June 05, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Noble Capital Markets virtual equity conference. I am Joe Gomes, managing director and senior analyst at Noble Capital. Today, I have the pleasure of introducing CoreCivic Inc. Following the presentation, we have some time for q and a. CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost effective ways. With us today from ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered ...

Financial Data and Key Metrics Changes - CoreCivic reported first quarter revenue of $488.6 million, exceeding expectations, with EBITDA of $81 million, both metrics showing meaningful increases from the fourth quarter of 2024 [10][36] - Facility utilization improved to 77% from 75.2% in the prior year [10] - Net income was $0.23 per share and FFO per share was $0.45, both exceeding average analyst estimates by $0.10 per share [36] Business Line Data and Key Metrics Changes - Revenue from federal partners, primarily ICE and the U.S. Marshals Service, comprised 48% of total revenue, with ICE revenue declining 8% year-over-year, but increasing 11% when excluding the Dilley facility [24][36] - Revenue from state partners in the Safety and Community segments increased by 5.2% compared to the prior year, driven by higher per diem rates and occupancy [31][39] Market Data and Key Metrics Changes - ICE's national detention population increased from approximately 39,000 to nearly 48,000 during the quarter, with CoreCivic's share rising from about 10,000 to 12,000 detainees [26] - CoreCivic has nine idle facilities with over 13,400 available beds, indicating significant capacity to meet ICE's needs [45] Company Strategy and Development Direction - CoreCivic is focused on reactivating facilities and expanding capacity to meet increasing demand from ICE, with plans to invest an additional $25 million in capital expenditures for facility activations [15][39] - The company is exploring opportunities for expansion and evaluating potential acquisitions to enhance its service offerings [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational improvements and the ability to respond to increased demand from government partners, particularly in light of the new administration's immigration policies [34][35] - The company anticipates new contracts with ICE following budget reconciliation, which could significantly impact future revenue [18][44] Other Important Information - CoreCivic's capital allocation strategy has contributed to increases in per share earnings through reductions in interest expense and share repurchases [38][41] - The company plans to spend $60 million to $65 million on maintenance capital expenditures in 2025, unchanged from prior guidance [46] Q&A Session Summary Question: Are there more letter agreements with ICE? - Management confirmed that there are no additional letter agreements currently but noted the intensity of ICE's need for beds and the potential for more agreements in the future [53][54] Question: How many more facilities could the additional $25 million CapEx support? - Management indicated that they are leaning forward on almost all idle facilities and that the total CapEx could be higher depending on the facilities activated [59][60] Question: What is the appetite for managing soft-sided facilities? - Management expressed strong interest in managing soft-sided facilities and highlighted their capability to respond quickly to such needs [62][63] Question: What revenues might be generated from increased transportation work for ICE? - Management stated that it is difficult to quantify potential revenues until contracts are finalized but acknowledged the increased need for transportation services [73][77] Question: Any updates on the community side with BOP? - Management noted that the new BOP director is in the early stages of forming a leadership team, and further developments are expected soon [78]

CoreCivic (CXW) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the CoreCivic First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press ...

Core Insights - CoreCivic reported strong financial performance in Q1 2025, with increased occupancy and new contracts leading to an upward revision of its full-year guidance for 2025 [1][3][18] - The company achieved a first-quarter occupancy rate of 77.0%, up from 75.2% in the same period last year, driven by effective cost management and increased utilization from ICE [3][5] - CoreCivic has begun reactivating previously idle facilities, including the Dilley Immigration Processing Center, which is expected to care for up to 2,400 individuals [3][16] Financial Performance - Q1 2025 net income was $25.1 million, or $0.23 per diluted share, compared to $9.5 million, or $0.08 per diluted share in Q1 2024 [5][34] - Total revenue for Q1 2025 was $488.6 million, with FFO per diluted share at $0.45, up from $0.30 in Q1 2024 [6][10] - EBITDA for Q1 2025 was $81.0 million, an increase from $62.8 million in Q1 2024, while Adjusted EBITDA was $80.9 million [9][37] Capital Strategy - The company repurchased 1.9 million shares for $37.9 million during Q1 2025, part of a broader share repurchase program authorized for up to $350 million [12][13] - CoreCivic plans to invest $65 million to $70 million in capital expenditures for activating previously idle facilities and enhancing transportation services [22] Contract Updates - CoreCivic is actively engaging with federal and state partners for additional contracting opportunities, with recent modifications to existing contracts to increase capacity for ICE detainees [4][15] - The company has entered into letter agreements with ICE for the activation of the Midwest Regional Reception Center and California City Immigration Processing Center, with initial funding authorized for both [17] Revised Financial Guidance - The revised full-year 2025 guidance includes net income projected between $91.3 million and $101.3 million, and diluted EPS between $0.83 and $0.92, reflecting improved occupancy and contract reactivations [18][19] - The updated guidance does not account for any new contracts not yet announced, indicating potential for further growth [20]

[Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) CoreCivic's first quarter of 2025 demonstrated strong financial performance and strategic operational advancements [First Quarter 2025 Highlights](index=1&type=section&id=First%20Quarter%202025%20Highlights) CoreCivic reported strong financial results for the first quarter of 2025, with total revenue of $488.6 million and net income of $25.1 million, alongside active share repurchases Q1 2025 Key Financial Metrics | Metric | Value | | :--- | :--- | | Total Revenue | $488.6 million | | Net Income | $25.1 million | | Diluted EPS | $0.23 | | FFO per Diluted Share | $0.45 | | EBITDA | $81.0 million | | Shares Repurchased | 1.9 million | | Cost of Repurchases | $37.9 million | [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted a strong start to 2025, driven by increased facility occupancy and strategic re-activation of idle facilities, leading to increased annual financial guidance and accelerated share repurchases - Facility occupancy increased to **77.0%** in Q1 2025 from **75.2%** in Q1 2024, primarily due to higher utilization by U.S. Immigration and Customs Enforcement (ICE)[3](index=3&type=chunk) - The company is re-activating three previously idle facilities under agreements with ICE: the Dilley Immigration Processing Center, the Midwest Regional Reception Center, and the California City Immigration Processing Center[3](index=3&type=chunk)[4](index=4&type=chunk) - CoreCivic is increasing its capital investment in idle facilities, having spent **$12 million** of an initial **$40-$45 million** authorization and approving an additional **$25 million** to prepare more locations for potential contracts[4](index=4&type=chunk) - The company's leverage, measured as net debt to trailing twelve-month Adjusted EBITDA, was **2.5x** at the end of the quarter[6](index=6&type=chunk) [Financial Performance Analysis](index=2&type=section&id=Financial%20Performance%20Analysis) A detailed analysis of CoreCivic's Q1 2025 financial results compared to Q1 2024, highlighting key drivers of revenue, EBITDA, and FFO changes [Q1 2025 vs. Q1 2024 Results](index=2&type=section&id=Q1%202025%20vs.%20Q1%202024%20Results) GAAP Net Income significantly increased in Q1 2025 due to the absence of prior-year debt refinancing expenses, despite a slight decrease in Adjusted Diluted EPS influenced by contract expirations Q1 Financial Comparison (2025 vs. 2024) ($M) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $25.1 | $9.5 | | Diluted EPS | $0.23 | $0.08 | | Adjusted Net Income | $25.1 | $27.9 | | Adjusted Diluted EPS | $0.23 | $0.25 | - The expiration of the CDCR lease at California City and the ICE contract at Dilley collectively accounted for a **$0.16 per share** reduction compared to Q1 2024[7](index=7&type=chunk) [Revenue and EBITDA Analysis](index=2&type=section&id=Revenue%20and%20EBITDA%20Analysis) Revenue from ICE decreased due to contract termination, while state customer revenue grew, leading to a decrease in Adjusted EBITDA primarily from contract expirations - Revenue from ICE decreased by **$20.6 million** YoY, reflecting the termination of the Dilley facility contract, which accounted for a **$33.6 million** revenue reduction[8](index=8&type=chunk) - Revenue from state customers increased by **5.2%** compared to the prior year's quarter[8](index=8&type=chunk) EBITDA Comparison (Q1 2025 vs. Q1 2024) ($M) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | EBITDA | $81.0 | $62.8 | | Adjusted EBITDA | $81.0 | $89.5 | [Funds From Operations (FFO) Analysis](index=3&type=section&id=Funds%20From%20Operations%20(FFO)%20Analysis) Q1 2025 FFO was $49.7 million, or $0.45 per share, with Normalized FFO slightly decreasing year-over-year due to factors affecting Adjusted EBITDA, offset by lower interest expense and share count FFO Comparison (Q1 2025 vs. Q1 2024) ($M) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | FFO | $49.7 | $33.9 | | Normalized FFO | $49.7 | $52.6 | | FFO per Share | $0.45 | $0.30 | | Normalized FFO per Share | $0.45 | $0.46 | [Corporate Strategy and Updates](index=3&type=section&id=Corporate%20Strategy%20and%20Updates) CoreCivic's corporate strategy focuses on capital allocation through share repurchases and securing new contracts with key partners like ICE [Capital Strategy](index=3&type=section&id=Capital%20Strategy) The company continued its share repurchase program, buying back 1.9 million shares for $37.9 million in Q1 2025, with $131.0 million remaining available under the current authorization - In Q1 2025, the company repurchased **1.9 million** shares of common stock at an aggregate cost of **$37.9 million**[12](index=12&type=chunk) - Since May 2022, a total of **16.5 million** shares have been repurchased for **$219.0 million**, with **$131.0 million** of authorization remaining as of March 31, 2025[12](index=12&type=chunk)[13](index=13&type=chunk) [Contract Updates](index=3&type=section&id=Contract%20Updates) CoreCivic secured several key agreements with ICE, including modifying existing contracts, resuming operations at the Dilley facility, and initiating activation of the Midwest and California City facilities - Amended an IGSA to resume operations at the **2,400-bed** Dilley Immigration Processing Center; the new agreement expires in March 2030[15](index=15&type=chunk) - Entered into a letter agreement with ICE for initial funding up to **$22.6 million** to activate the **1,033-bed** Midwest Regional Reception Center[16](index=16&type=chunk) - Entered into a letter agreement with ICE for initial funding up to **$31.2 million** to activate the **2,560-bed** California City Immigration Processing Center[16](index=16&type=chunk) [2025 Financial Guidance](index=4&type=section&id=2025%20Financial%20Guidance) CoreCivic significantly raised its full-year 2025 financial guidance, reflecting strong Q1 results and the Dilley facility reactivation, while outlining capital expenditure plans for facility activations Updated Full Year 2025 Guidance ($M) | Metric | Revised Guidance | Prior Guidance | | :--- | :--- | :--- | | Net income | $91.3 - $101.3 | $53.5 - $67.5 | | Diluted EPS | $0.83 - $0.92 | $0.48 - $0.61 | | FFO per diluted share | $1.72 - $1.82 | $1.37 - $1.50 | | EBITDA | $331.0 - $339.0 | $281.0 - $293.0 | - The revised guidance does not include the impact of potential new long-term contracts at the Midwest Regional Reception Center and California City Immigration Processing Center[18](index=18&type=chunk) - The company expects to invest approximately **$65.0 million** to **$70.0 million** in capital expenditures for activating previously idled facilities and preparing for potential new opportunities[20](index=20&type=chunk) [Financial Statements](index=7&type=section&id=Financial%20Statements) A summary of CoreCivic's consolidated balance sheets and statements of operations, providing a snapshot of the company's financial position and performance [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, CoreCivic reported increased total assets and liabilities, with a slight decrease in total stockholders' equity compared to year-end 2024 Balance Sheet Summary (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total current assets | $413,452 | $449,818 | | **Total assets** | **$3,002,446** | **$2,931,891** | | Total current liabilities | $266,633 | $285,797 | | Long-term debt, net | $969,885 | $973,073 | | **Total liabilities** | **$1,527,200** | **$1,438,540** | | **Total stockholders' equity** | **$1,475,246** | **$1,493,351** | [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) For Q1 2025, total revenue slightly decreased, but net income significantly rose due to lower operating and interest expenses and the absence of prior-year debt repayment costs Statement of Operations Summary (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Total Revenue** | **$488,627** | **$500,686** | | Total operating expenses | $374,737 | $378,103 | | Income before income taxes | $32,090 | $9,043 | | **Net Income** | **$25,113** | **$9,543** | | **Diluted EPS** | **$0.23** | **$0.08** | [Supplemental Financial Information (Non-GAAP)](index=9&type=section&id=Supplemental%20Financial%20Information%20(Non-GAAP)) This section provides reconciliations of GAAP Net Income to key non-GAAP financial measures, including Adjusted Net Income, FFO, and EBITDA, along with guidance reconciliations [Reconciliation of Adjusted Net Income and Adjusted Diluted EPS](index=9&type=section&id=Reconciliation%20of%20Adjusted%20Net%20Income%20and%20Adjusted%20Diluted%20EPS) This section reconciles GAAP Net Income to Adjusted Net Income, showing that for Q1 2025, they were equal, while Q1 2024 included adjustments for debt repayment expenses Adjusted Net Income Reconciliation (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $25,113 | $9,543 | | Special items adjustments | $0 | $26,674 | | Income tax benefit for special items | $0 | ($8,358) | | **Adjusted net income** | **$25,113** | **$27,859** | [Reconciliation of Funds From Operations (FFO)](index=10&type=section&id=Reconciliation%20of%20Funds%20From%20Operations%20(FFO)) This table reconciles Net Income to FFO and Normalized FFO, indicating that for Q1 2025, both FFO and Normalized FFO were $49.7 million, while Q1 2024's FFO adjusted to $52.6 million Normalized FFO FFO Reconciliation (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $25,113 | $9,543 | | Depreciation and amortization of real estate | $24,598 | $24,784 | | **Funds From Operations (FFO)** | **$49,711** | **$33,937** | | Special items adjustments | $0 | $18,706 | | **Normalized FFO** | **$49,711** | **$52,643** | [Reconciliation of EBITDA and Adjusted EBITDA](index=10&type=section&id=Reconciliation%20of%20EBITDA%20and%20Adjusted%20EBITDA) This table reconciles Net Income to EBITDA and Adjusted EBITDA, showing that for Q1 2025, both were $81.0 million, while Q1 2024's EBITDA adjusted to $89.5 million Adjusted EBITDA EBITDA Reconciliation (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $25,113 | $9,543 | | Interest expense | $18,381 | $22,058 | | Depreciation and amortization | $30,518 | $31,730 | | Income tax expense (benefit) | $6,977 | ($500) | | **EBITDA** | **$80,989** | **$62,831** | | Special items adjustments | $0 | $26,674 | | **Adjusted EBITDA** | **$80,989** | **$89,505** | [Guidance Reconciliation](index=11&type=section&id=Guidance%20Reconciliation) This section provides the calculations to reconcile the company's full-year 2025 guidance for Net Income to the non-GAAP metrics of FFO and EBITDA Full Year 2025 Guidance Reconciliation (in thousands) | Metric | Low End | High End | | :--- | :--- | :--- | | **Net income** | **$91,250** | **$101,250** | | Depreciation and amortization of real estate | $98,250 | $99,250 | | **Funds From Operations** | **$189,500** | **$200,500** | | **Net income** | **$91,250** | **$101,250** | | Interest expense | $73,750 | $72,750 | | Depreciation and amortization | $128,750 | $128,750 | | Income tax expense | $37,250 | $36,250 | | **EBITDA** | **$331,000** | **$339,000** |