CoreCivic (CXW) Q2 EPS Jumps 80%

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 ...