CoreCivic Announces $200 Million Increase to Share Repurchase Authorization

Core Points - CoreCivic's Board of Directors has authorized an increase in its share repurchase program, allowing for an additional $200 million in share buybacks, raising the total authorization from $500 million to $700 million [1] - Since the program's initiation in May 2022, CoreCivic has repurchased 21.5 million shares at a total cost of $322.1 million, averaging $14.98 per share, with $377.9 million remaining for repurchase as of November 7, 2025 [2] - The CEO of CoreCivic expressed confidence that the current share price does not reflect the company's progress and opportunities, emphasizing a commitment to enhancing long-term shareholder value through capital allocation strategies [3] - CoreCivic is a diversified government-solutions company, recognized as the largest owner and one of the largest operators of correctional and detention facilities in the U.S., providing various solutions to government partners [4]