Corrections and Detention Management
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CoreCivic Announces $200 Million Increase to Share Repurchase Authorization
Globenewswire· 2025-11-10 13:00
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]
CoreCivic Announces 2025 Third Quarter Earnings Release and Conference Call Dates
Globenewswire· 2025-10-02 12:00
Core Points - CoreCivic, Inc. will release its 2025 third quarter financial results after market close on November 5, 2025 [1] - A live conference call will take place on November 6, 2025, at 1:30 p.m. central time [1] - Participants can register in advance to join the call via telephone [2] - An audio-only webcast of the conference call will be accessible on CoreCivic's website, with a replay available for seven days [3] Company Overview - CoreCivic is a diversified government-solutions company focused on addressing government challenges in a flexible and cost-effective manner [4] - The company provides a range of solutions including corrections and detention management, alternatives to incarceration, and government real estate solutions [4] - CoreCivic is the largest owner and one of the largest operators of partnership correctional, detention, and residential reentry facilities in the United States [4] - The company has over 40 years of experience as a reliable partner for government entities [4]
CoreCivic Announces Patrick D. Swindle to Succeed Damon T.
Globenewswire· 2025-08-18 20:15
Core Viewpoint - CoreCivic has appointed Patrick D. Swindle as the new President and Chief Executive Officer, effective January 1, 2026, succeeding Damon T. Hininger, who has been CEO since August 17, 2009 [1][2] Leadership Transition - Patrick D. Swindle has been with CoreCivic since 2007 and has held various leadership roles, including Chief Operating Officer, where he oversaw significant business components [2][4] - Damon T. Hininger will resign from the Board effective January 1, 2026, and will serve as a Special Advisor during the transition [1][5] Strategic Initiatives - Under Swindle's leadership, CoreCivic has improved strategic development practices and operational efficiency, including the activation of idle facilities to meet government partners' needs [3][4] - Swindle's efforts have led to greater operational consistency and positioned CoreCivic to address the increasing demand for its services [3] Company Background - CoreCivic is a diversified government-solutions company that provides a range of services, including corrections and detention management, and is the largest owner of partnership correctional facilities in the U.S. [7]
CoreCivic Announces 2025 Second Quarter Earnings Release and Conference Call Dates
Globenewswire· 2025-07-10 12:00
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]