CoreCivic Analysis - CoreCivic's stock price increased from $17-$18 to around $20 following a previous article that recommended a "buy opinion" [1] - The analysis suggests that the fears expressed by analysts regarding CoreCivic's stock were unwarranted [1] Analyst Background - The analyst has a strong background in finance, holding a Master's degree in Corporate Finance and experience in studying businesses and their operations [1] - The analyst emphasizes a value-investing approach, focusing on financials to estimate company value while remaining unbiased by market fluctuations [1]

BRENTWOOD, Tenn., Aug. 18, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic" or "Company") announced today that CoreCivic's Board of Directors (the "Board") has appointed Patrick D. Swindle to President and Chief Executive Officer, effective January 1, 2026. This follows Mr. Swindle’s appointment as President and Chief Operating Officer on January 1, 2025. Mr. Swindle will succeed Damon T. Hininger, who has served as Chief Executive Officer since August 17, 2009. In addition, effective Janua ...

Cautionary Note Regarding Forward-Looking Statements This press release includes statements as to our beliefs and expectations of the outcome of future events that are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may include such words as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," " ...

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: JUNE 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-16109 (I.R.S. Employer Identification Number) 37027 (Zip Code) (615) 263-3000 (Registrant's telephone number, including area code) Securit ...

Financial Data and Key Metrics Changes - Total revenue increased by 9.8% from 2024 to 2025, with adjusted EBITDA rising to $103.3 million, up $19.5 million or 23.2% from the prior year quarter [11][42] - GAAP EPS for 2025 was $0.35, while adjusted EPS increased to $0.36, up 80% from $0.20 in 2024 [41][46] - Normalized FFO per share was $0.59, an increase of 40.5% from $0.42 in the prior year quarter [41][46] Business Line Data and Key Metrics Changes - Revenue from federal partners, primarily ICE and the U.S. Marshals Service, increased by 11% in 2025 compared to the prior year quarter [28][30] - Revenue from ICE specifically rose by $25.9 million or 17%, while revenue from the U.S. Marshals Service increased by $2.7 million or 3% [29][30] - Revenue from state partners increased by $9.9 million or 5%, driven by new contracts with the State of Montana [30] Market Data and Key Metrics Changes - Nationwide ICE detention populations reached a record high of 57,861 in June 2025, with a 28% increase in populations under the company's care [8][10] - Year-over-year state populations increased by approximately 3.5%, primarily due to new contracts with the State of Montana [10] Company Strategy and Development Direction - The company is focused on capitalizing on government funding initiatives, particularly the One Big Beautiful Bill Act, which appropriates $75 billion for immigration enforcement and detention capacity [9][18] - The company is in advanced negotiations to activate additional idle facilities and has begun discussions for a fifth idle facility [39][49] - The company aims to meet the increasing demand for detention capacity driven by federal funding and operational needs [22][25] Management's Comments on Operating Environment and Future Outlook - Management noted an unprecedented environment with rising federal detention populations and a continuing need for their services [7][8] - The company expects increased contracting activity and demand for detention solutions due to the passage of the One Big Beautiful Bill Act [22][23] - Management expressed optimism about securing additional contracts and activating idle facilities, especially with historic funding levels now available [49][50] Other Important Information - The company repurchased 2 million shares at a cost of $43.2 million during the second quarter, increasing total repurchases for the year to 3.9 million shares [11][45] - The acquisition of the Farmville Detention Center for $67 million was completed on July 1, 2025, which is expected to be accretive to earnings [11][46] Q&A Session Summary Question: Can you discuss the impact of alternative solutions like soft-sided facilities on your business? - Management indicated that the intensity of contracting activity has increased following the passage of the One Big Beautiful Bill Act, and they are actively engaged in discussions with ICE regarding various facility solutions [58][60] Question: How many people are currently in the non-detained docket? - Management highlighted that there are approximately 7.5 million individuals in immigration proceedings, with a focus on deportations [61][62] Question: Is the company interested in the ISAP contract renewal? - Management stated that detention remains a priority for ICE, and they are prepared to engage in opportunities related to the ISAP contract [74]

Facility management and expansion were notable during the quarter. In July 2025, CoreCivic acquired the Farmville Detention Center in Virginia (736 beds) for $67.0 million. Management expects the facility to add about $40 million in annual revenue (GAAP). CoreCivic also reactivated three previously idle facilities and launched advanced negotiations for at least a fourth. These moves are capital intensive up front because costs are incurred during activation before facilities are fully filled and generating ...

Core Viewpoint - CoreCivic, Inc. has reported strong financial performance in Q2 2025, driven by increasing demand, particularly from U.S. Immigration and Customs Enforcement (ICE), leading to an increase in full-year guidance for 2025 [2][4][20]. Financial Performance - Q2 2025 net income was $38.5 million, or $0.35 per diluted share, up 103.4% from $19.0 million, or $0.17 per diluted share in Q2 2024 [5][7]. - Total revenue for Q2 2025 was $538.2 million, a 9.8% increase from the prior year quarter [7]. - Adjusted EBITDA for Q2 2025 was $103.3 million, up 23.2% from $83.9 million in Q2 2024 [11]. - Funds From Operations (FFO) for Q2 2025 was $63.5 million, or $0.58 per share, compared to $43.8 million, or $0.39 per share in Q2 2024 [12][37]. Business Developments - The company repurchased 2.0 million shares at a cost of $43.2 million during Q2 2025, part of a broader share repurchase program [4][14]. - CoreCivic acquired the Farmville Detention Center for $67 million, expected to generate approximately $40 million in annual incremental revenue [16]. - The company is reactivating previously idled facilities, including the Dilley Immigration Processing Center, which is expected to be fully operational by the end of Q3 2025 [17][19]. Updated Guidance - Revised financial guidance for 2025 includes net income projected between $116.4 million and $124.4 million, and diluted EPS between $1.08 and $1.15, reflecting strong Q2 results and updated occupancy projections [20][21]. - The guidance also anticipates continued demand for detention capacity under new legislation and policies, which may lead to further activations of idle facilities [22]. Operational Metrics - Average daily residential population in Q2 2025 was 54,026, up from 51,541 in Q2 2024, with an average occupancy rate of 76.8% [9]. - Revenue from ICE, the largest government partner, increased by 17.2% to $176.9 million in Q2 2025 compared to $151.0 million in Q2 2024 [10]. Capital Strategy - The company has a total share repurchase authorization of up to $500 million, with $237.9 million available as of June 30, 2025 [15]. - Planned capital expenditures for 2025 include $29 million to $31 million for maintenance on real estate assets and an additional $70 million to $75 million for activating previously idled facilities [23].

Executive Summary & Highlights The company reported strong Q2 2025 results driven by increased government demand, leading to raised full-year guidance and continued capital deployment [Second Quarter 2025 Overview](index=1&type=section&id=1.1%20Second%20Quarter%202025%20Overview) CoreCivic's strong Q2 2025 results were driven by rising demand from government partners, prompting raised guidance and strategic capital allocation - CEO Damon T Hininger noted increasing demand from U.S. Immigration and Customs Enforcement (ICE) contributed to a strong second quarter, with nationwide ICE detention populations reaching an **all-time high**[4](index=4&type=chunk) - The company expects **substantial increases in utilization** of existing capacity due to government funding approved in July and is increasing its 2025 financial guidance[4](index=4&type=chunk) - CoreCivic repurchased **2.0 million shares** for **$43.2 million** during Q2 and acquired the Farmville Detention Center for **$67 million** in Q3[4](index=4&type=chunk)[5](index=5&type=chunk) - COO Patrick Swindle reported substantial progress in re-activating three previously idled facilities to meet additional contracting activity[4](index=4&type=chunk) Key Financial Highlights – Second Quarter 2025 | Metric | Q2 2025 Value | YoY Change | | :----------------------------- | :------------ | :--------- | | Total revenue | $538.2 million | +9.8% | | Net income | $38.5 million | +103.4% | | Diluted earnings per share | $0.35 | +105.9% | | Adjusted diluted earnings per share | $0.36 | +80.0% | | Normalized FFO per diluted share | $0.59 | +40.5% | | Adjusted EBITDA | $103.3 million | +23.2% | Second Quarter 2025 Financial Performance The company achieved significant year-over-year growth in revenue and net income, with strong performance across key non-GAAP financial measures [Q2 2025 vs Q2 2024 Financial Results](index=2&type=section&id=2.1%20Q2%202025%20vs%20Q2%202024%20Financial%20Results) Q2 2025 saw significant year-over-year growth in net income and EPS, driven by higher residential populations and employee retention credits Net Income and EPS Comparison | Metric | Q2 2025 | Q2 2024 | YoY Change | | :-------------------- | :-------- | :-------- | :--------- | | Net income | $38.5 million | $19.0 million | +102.6% | | Diluted EPS | $0.35 | $0.17 | +105.9% | | Adjusted Net Income | $39.7 million | $21.8 million | +82.1% | | Adjusted Diluted EPS | $0.36 | $0.20 | +80.0% | - The increase in Diluted EPS and Adjusted Diluted EPS was driven by higher federal and state populations, increased per diem rates, and **$0.08 per share** from employee retention credits (ERCs)[7](index=7&type=chunk) - The Dilley Immigration Processing Center contract termination and reactivation resulted in a net revenue reduction of **$12.8 million** and a **$0.07 per share** reduction compared to Q2 2024[7](index=7&type=chunk)[9](index=9&type=chunk) - Average daily residential population increased to **54,026** in Q2 2025 from 51,541 in Q2 2024, with average occupancy rising to **76.8%**[8](index=8&type=chunk) - Revenue from ICE, the largest government partner, **increased 17.2% to $176.9 million**, while revenue from state customers and the U.S. Marshals Service also grew[9](index=9&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=2.2%20Non-GAAP%20Financial%20Measures) Non-GAAP measures like EBITDA and FFO showed strong growth, driven by higher residential populations, ERCs, and lower interest expense EBITDA and Adjusted EBITDA Comparison | Metric | Q2 2025 | Q2 2024 | | :-------------- | :-------- | :-------- | | EBITDA | $101.8 million | $79.8 million | | Adjusted EBITDA | $103.3 million | $83.9 million | FFO and Normalized FFO Comparison | Metric | Q2 2025 | Q2 2024 | | :----------------------------- | :-------- | :-------- | | FFO | $63.5 million | $43.8 million | | FFO per share | $0.58 | $0.39 | | Normalized FFO | $64.6 million | $46.6 million | | Normalized FFO per diluted share | $0.59 | $0.42 | - Increases in EBITDA and Adjusted EBITDA were primarily due to higher residential populations and included **$8.3 million of ERCs** and **$3.2 million of related interest**[10](index=10&type=chunk) - Normalized FFO benefited from reduced gross interest expense and a **2.1% reduction in weighted average shares outstanding** due to repurchases[11](index=11&type=chunk) Capital Strategy & Business Development The company expanded its share repurchase program, acquired a new facility, and is actively reactivating several idled centers to meet demand [Capital Strategy](index=3&type=section&id=3.1%20Capital%20Strategy) The company increased its share repurchase authorization, executed significant buybacks, and acquired the Farmville Detention Center - The Board of Directors increased the share repurchase program authorization by **$150.0 million**, bringing the total to **$500.0 million**[13](index=13&type=chunk) - In the first half of 2025, CoreCivic repurchased **3.9 million shares for $81.0 million**, with **$237.9 million** of authorization remaining as of June 30, 2025[13](index=13&type=chunk)[14](index=14&type=chunk) - On July 1, 2025, the company acquired the 736-bed Farmville Detention Center for **$67.0 million**[15](index=15&type=chunk) - The Farmville acquisition is expected to generate approximately **$40.0 million in annual incremental revenue**[15](index=15&type=chunk) [Business Development Updates](index=4&type=section&id=3.2%20Business%20Development%20Updates) The company is reactivating key facilities to meet increasing demand, though one facility faces a temporary legal delay - Reactivation of the 2,400-bed Dilley Immigration Processing Center is underway, with full operational capacity expected by the end of Q3 2025[16](index=16&type=chunk) - An ICE contract with initial funding up to **$10.0 million** is in place to activate the 2,560-bed California City Immigration Processing Center, with detainee intake expected soon[17](index=17&type=chunk) - An ICE contract with initial funding up to **$5.0 million** is effective for the activation of the 1,033-bed Midwest Regional Reception Center[18](index=18&type=chunk) - Intake at the Midwest facility is delayed by a lawsuit from the City of Leavenworth regarding a Special Use Permit, which CoreCivic is appealing[18](index=18&type=chunk) 2025 Financial Guidance & Outlook The company raised its full-year 2025 guidance across all key metrics, reflecting strong performance and strategic acquisitions [Full Year 2025 Guidance](index=5&type=section&id=4.1%20Full%20Year%202025%20Guidance) Full-year 2025 guidance was raised across all key metrics, reflecting strong results and strategic facility activations Revised Full Year 2025 Guidance | Metric | Revised Guidance (Full Year 2025) | Prior Guidance (Full Year 2025) | | :----------------------------- | :-------------------------------- | :-------------------------------- | | Net income | $116.4 million to $124.4 million | $91.3 million to $101.3 million | | Adjusted Net Income | $115.5 million to $123.5 million | $91.3 million to $101.3 million | | Diluted EPS | $1.08 to $1.15 | $0.83 to $0.92 | | Adjusted Diluted EPS | $1.07 to $1.14 | $0.83 to $0.92 | | FFO per diluted share | $1.98 to $2.06 | $1.72 to $1.82 | | Normalized FFO per diluted share | $1.99 to $2.07 | $1.72 to $1.82 | | EBITDA | $366.3 million to $372.3 million | $331.0 million to $339.0 million | | Adjusted EBITDA | $365.0 million to $371.0 million | $331.0 million to $339.0 million | - The revised guidance reflects favorable Q2 results, updated occupancy projections, the Farmville acquisition, and the California City facility reactivation[19](index=19&type=chunk) - The company expects new contracts to require activation of more idle facilities, with full year benefits likely more impactful to **2026 results**[20](index=20&type=chunk) Expected 2025 Capital Expenditures | Category | Expected Investment | | :------------------------------------------------ | :-------------------------- | | Maintenance capital expenditures on real estate | $29.0 million to $31.0 million | | Maintenance capital expenditures on other assets & IT | $31.0 million to $34.0 million | | Other capital investments | $9.0 million to $10.0 million | | Capital expenditures for previously idled facilities | $70.0 million to $75.0 million | Company Information & Disclosures This section provides investor resources, company background, and important forward-looking statement disclaimers [Supplemental Information & Investor Relations](index=6&type=section&id=5.1%20Supplemental%20Information%20%26%20Investor%20Relations) The company provides supplemental financial data online and will host a conference call to discuss Q2 2025 results - Supplemental financial information for Q2 2025 is available on the company's investor relations website[22](index=22&type=chunk) - Written materials for investor presentations will be available on the website on or about August 29, 2025[23](index=23&type=chunk) - A webcast conference call for Q2 2025 results will be hosted on Thursday, August 7, 2025, at 10:00 a.m. CT[24](index=24&type=chunk) [About CoreCivic](index=6&type=section&id=5.2%20About%20CoreCivic) CoreCivic is a diversified government-solutions company and the nation's largest owner of partnership correctional facilities - CoreCivic provides solutions to government partners through corrections and detention management, alternatives to incarceration, and real estate solutions[25](index=25&type=chunk) - The company is the nation's largest owner of partnership correctional, detention, and residential reentry facilities, with over 40 years of experience[25](index=25&type=chunk) [Forward-Looking Statements](index=6&type=section&id=5.3%20Forward-Looking%20Statements) The report contains forward-looking statements subject to risks and uncertainties that could cause results to differ materially - The press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially[26](index=26&type=chunk) - Key risks include changes in government policy, the ability to obtain and maintain contracts, and the timing of new facility activations[26](index=26&type=chunk)[27](index=27&type=chunk) - Additional risks include economic conditions, occupancy levels, competition, inflation, and the availability of financing[27](index=27&type=chunk) - The company disclaims any responsibility to update forward-looking statements, except as may be required by law[28](index=28&type=chunk) Consolidated Financial Statements The consolidated financial statements detail the company's balance sheet and statements of operations for the period [Consolidated Balance Sheets](index=8&type=section&id=6.1%20Consolidated%20Balance%20Sheets) The balance sheet shows an increase in total assets and liabilities as of June 30, 2025, compared to year-end 2024 Consolidated Balance Sheet (Amounts in Thousands) | Item | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Total current assets | $487,411 | $449,818 | | Total assets | $3,071,657 | $2,931,891 | | Total current liabilities | $303,955 | $285,797 | | Total liabilities | $1,594,125 | $1,438,540 | | Total stockholders' equity | $1,477,532 | $1,493,351 | - Cash and cash equivalents increased to **$130,524 thousand** at June 30, 2025, from $107,487 thousand at December 31, 2024[31](index=31&type=chunk) - Long-term debt, net, increased to **$1,006,584 thousand** at June 30, 2025, from $973,073 thousand at December 31, 2024[31](index=31&type=chunk) [Consolidated Statements of Operations](index=9&type=section&id=6.2%20Consolidated%20Statements%20of%20Operations) The statements of operations show significant year-over-year growth in revenue and net income for Q2 and the first half of 2025 Consolidated Statements of Operations (Amounts in Thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Total Revenue | $538,165 | $490,109 | $1,026,792 | $990,795 | | Net Income | $38,543 | $18,954 | $63,656 | $28,497 | | Diluted EPS | $0.35 | $0.17 | $0.58 | $0.25 | - Safety segment revenue for Q2 2025 was **$503,339 thousand**, up from $455,373 thousand in the prior year, indicating strong core business performance[32](index=32&type=chunk) - Interest expense, net, decreased to **$12,539 thousand** for Q2 2025 from $17,110 thousand in the prior year[32](index=32&type=chunk) Supplemental Financial Information & Non-GAAP Reconciliations This section provides detailed reconciliations of GAAP measures to non-GAAP measures like Adjusted Net Income, FFO, and EBITDA [Calculation of Adjusted Net Income and Adjusted Diluted EPS](index=10&type=section&id=7.1%20Calculation%20of%20Adjusted%20Net%20Income%20and%20Adjusted%20Diluted%20EPS) This section reconciles GAAP Net Income to Adjusted Net Income and Adjusted Diluted EPS, detailing special item adjustments Calculation of Adjusted Net Income and Adjusted Diluted EPS (Amounts in Thousands) | Metric | Q2 2025 | Q2 2024 | YTD Q2 2025 | YTD Q2 2024 | | :------------------------------------ | :-------- | :-------- | :---------- | :---------- | | Net income | $38,543 | $18,954 | $63,656 | $28,497 | | Special items (net of tax) | $1,111 | $2,797 | $1,111 | $21,113 | | Adjusted net income | $39,654 | $21,751 | $64,767 | $49,610 | | Adjusted Diluted EPS | $0.36 | $0.20 | $0.59 | $0.44 | - Special items in Q2 2025 included **$1,538 thousand** for M&A expenses, offset by an income tax benefit of **$427 thousand**[33](index=33&type=chunk) [Calculation of Funds From Operations and Normalized Funds From Operations](index=11&type=section&id=7.2%20Calculation%20of%20Funds%20From%20Operations%20and%20Normalized%20Funds%20From%20Operations) This section reconciles Net Income to FFO and Normalized FFO, adjusting for depreciation and other special items Calculation of FFO and Normalized FFO (Amounts in Thousands) | Metric | Q2 2025 | Q2 2024 | YTD Q2 2025 | YTD Q2 2024 | | :------------------------------------ | :-------- | :-------- | :---------- | :---------- | | Net income | $38,543 | $18,954 | $63,656 | $28,497 | | Depreciation & amortization of real estate assets | $24,920 | $24,843 | $49,518 | $49,627 | | Funds From Operations | $63,463 | $43,797 | $113,174 | $77,734 | | Normalized Funds From Operations | $64,574 | $46,594 | $114,285 | $99,237 | | Normalized FFO Per Diluted Share | $0.59 | $0.42 | $1.04 | $0.88 | - Normalized FFO adjusts FFO for special items, including expenses associated with mergers and acquisitions and related income tax benefits[35](index=35&type=chunk) [Calculation of EBITDA and Adjusted EBITDA](index=12&type=section&id=7.3%20Calculation%20of%20EBITDA%20and%20Adjusted%20EBITDA) This section details the calculation of EBITDA and Adjusted EBITDA from Net Income, adjusting for interest, taxes, and D&A Calculation of EBITDA and Adjusted EBITDA (Amounts in Thousands) | Metric | Q2 2025 | Q2 2024 | YTD Q2 2025 | YTD Q2 2024 | | :-------------------- | :-------- | :-------- | :---------- | :---------- | | Net income | $38,543 | $18,954 | $63,656 | $28,497 | | Interest expense | $18,428 | $20,060 | $36,809 | $42,118 | | Depreciation & amortization | $31,108 | $32,145 | $61,626 | $63,875 | | Income tax expense | $13,716 | $8,625 | $20,693 | $8,125 | | EBITDA | $101,795 | $79,784 | $182,784 | $142,615 | | Adjusted EBITDA | $103,333 | $83,858 | $184,322 | $173,363 | - Adjusted EBITDA excludes expenses associated with debt repayments, refinancing transactions, and mergers and acquisitions[36](index=36&type=chunk) [Guidance — Calculation of Adjusted Net Income, FFO, Normalized FFO, EBITDA and Adjusted EBITDA](index=13&type=section&id=7.4%20Guidance%20%E2%80%94%20Calculation%20of%20Adjusted%20Net%20Income%2C%20FFO%2C%20Normalized%20FFO%2C%20EBITDA%20and%20Adjusted%20EBITDA) This section provides a detailed reconciliation for the company's full-year 2025 non-GAAP financial guidance Full Year 2025 Guidance for Non-GAAP Measures (Amounts in Thousands) | Metric | Low End of Guidance | High End of Guidance | | :------------------------------------ | :------------------ | :------------------- | | Net income | $116,432 | $124,432 | | Adjusted net income | $115,500 | $123,500 | | Funds From Operations | $213,376 | $222,376 | | Normalized Funds From Operations | $215,000 | $224,000 | | Diluted EPS | $1.08 | $1.15 | | Adjusted Diluted EPS | $1.07 | $1.14 | | FFO per diluted share | $1.98 | $2.06 | | Normalized FFO per diluted share | $1.99 | $2.07 | | EBITDA | $366,299 | $372,299 | | Adjusted EBITDA | $365,000 | $371,000 | - Adjustments in the guidance calculation include expenses for M&A, gain on sale of real estate assets, and income tax expense for special items[37](index=37&type=chunk) [Note to Supplemental Financial Information](index=14&type=section&id=7.5%20Note%20to%20Supplemental%20Financial%20Information) This note clarifies the purpose of non-GAAP measures and cautions that they should be used to supplement GAAP results - Non-GAAP financial measures are used by management to assess operating performance and are provided to investors for consistent analysis[38](index=38&type=chunk) - FFO is a widely accepted non-GAAP supplemental measure for real estate companies and is important for evaluating performance[39](index=39&type=chunk) - These non-GAAP measures are useful for assessing performance without the impact of depreciation, tax provisions, and financing strategies[39](index=39&type=chunk) - The company cautions that these measures may not be comparable to those of other companies and should not be considered alternatives to GAAP measures[40](index=40&type=chunk)

CoreCivic Financial Results Announcement - CoreCivic, Inc. will release its 2025 second quarter financial results after the market closes on August 6, 2025 [1] - A live conference call will take place on August 7, 2025, at 10:00 a.m. central time [1] Participation Details - Participants can register in advance to join the call via telephone [2] - A confirmation email will be sent to telephone participants with details on how to join the conference call [2] - An audio-only webcast of the conference call will be available on the Company's website, with a replay accessible for seven days [3] Company Overview - CoreCivic is a diversified government-solutions company focused on addressing government challenges through cost-effective solutions [4] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has over 40 years of experience as a government partner [4]

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]