On February 25, 2026, Hahn Capital Management disclosed a new position in CoreCivic (NYSE:CXW), acquiring 241,322 shares in a transaction estimated at $4.61 million based on quarter-end pricing. What happened In a U.S. Securities and Exchange Commission (SEC) filing dated February 25, 2026, Hahn Capital Management disclosed that it acquired 241,322 shares of CoreCivic during the fourth quarter. The shares were worth $4.61 million at quarter-end. What else to know This marks a new position for Hahn Cap ...

Core Insights - CoreCivic reported strong financial performance for Q4 and full year 2025, driven by facility activations and higher occupancy rates [1][2] - The company anticipates continued growth in 2026 due to increased demand from government partners and the activation of previously idle facilities [1][2] Financial Performance - Total revenue for Q4 2025 was $604.0 million, a 26% increase year-over-year, while full year revenue reached $2.2 billion, up 13% [2] - Net income for Q4 2025 was $26.5 million, a 38% increase from Q4 2024, with diluted EPS rising 53% to $0.26 [2][3] - Adjusted EBITDA for Q4 2025 was $92.5 million, up 25% year-over-year, and full year adjusted EBITDA was $365.6 million, an 11% increase [2][9] Operational Highlights - The Dilley Immigration Processing Center resumed operations in Q1 2025, contributing to increased occupancy levels, which rose to 78.1% in Q4 2025 from 75.5% in Q4 2024 [4][5] - Revenue from U.S. Immigration & Customs Enforcement (ICE) more than doubled year-over-year, reaching $244.7 million in Q4 2025 [7] - The company activated four previously idle facilities, positioning them for new contract awards and increased capacity [1][2] Capital Strategy - CoreCivic's share repurchase program has been expanded to $700 million, with $218.4 million spent on repurchasing 11.2 million shares in 2025 [12][13] - The company amended its revolving credit facility to increase capacity from $275 million to $575 million, enhancing balance sheet flexibility [14] 2026 Financial Guidance - For 2026, CoreCivic expects net income between $147.5 million and $157.5 million, with diluted EPS projected at $1.49 to $1.59 [19][20] - The guidance does not include potential new contract awards or activations of remaining idle facilities, which could impact financial performance [20][21]

Core Points - CoreCivic, Inc. will release its 2025 fourth quarter financial results on February 11, 2026, after market close [1] - A live conference call will take place on February 12, 2026, at 10:00 a.m. central time [1] - Participants can register in advance to join the call and will receive a confirmation email with details [2] - An audio-only webcast of the conference call will be available on CoreCivic'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 provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [4] - CoreCivic 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]

Core Insights - CoreCivic, Inc. reported a total revenue increase of 18.1% year-over-year, reaching $580.4 million in Q3 2025, driven by strong demand from U.S. Immigration and Customs Enforcement (ICE) and the activation of idle facilities [7][4] - The company experienced a net income of $26.3 million, a 24.7% increase from the previous year, with diluted earnings per share rising to $0.24, up 26.3% [5][7] - CoreCivic's adjusted EBITDA for Q3 2025 was $88.8 million, reflecting a 6.6% increase compared to the same quarter in 2024 [7][11] Financial Performance - Total revenue for Q3 2025 was $580.4 million, up from $491.6 million in Q3 2024 [7] - Net income increased to $26.3 million, compared to $21.1 million in the prior year [5] - Diluted earnings per share rose to $0.24 from $0.19 year-over-year [5] - Adjusted diluted earnings per share also increased to $0.24, up from $0.20 [5] - Normalized funds from operations (FFO) per diluted share was $0.48, an 11.6% increase from the previous year [12] Operational Highlights - The average daily residential population served was 55,236 in Q3 2025, compared to 50,757 in Q3 2024, indicating a 8.9% increase [6][8] - Revenue from ICE, the largest government partner, surged by 54.6% to $215.9 million, driven by the reactivation of facilities and new contracts [10] - The company repurchased 1.9 million shares at a cost of $40 million during the third quarter, with a total of 5.9 million shares repurchased in 2025 [14][7] Business Development - CoreCivic activated five idle facilities in 2025, with four contracts awarded in Q3 expected to generate approximately $320 million in annual revenue once stabilized [4][10] - The acquisition of the Farmville Detention Center for $71.4 million is anticipated to add $40 million in annual revenue [17] - New contracts at the West Tennessee Detention Facility and California City Immigration Processing Center are expected to generate $30 million and $130 million in annual revenue, respectively, once fully activated [18][19] Financial Guidance - The company revised its full-year 2025 financial guidance, projecting net income between $107 million and $113 million, down from previous estimates [22] - Adjusted net income is now expected to be between $108 million and $114 million, reflecting updated occupancy projections and start-up expenses related to new contracts [22][24]

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]

Core Points - CoreCivic has been awarded two new contracts with U.S. Immigration and Customs Enforcement (ICE) to utilize a total of 3,593 beds at two facilities, which are expected to generate nearly $200 million in annual revenue once fully activated [1][4][6] - The two facilities include the California City Immigration Processing Center with 2,560 beds and the Midwest Regional Reception Center with 1,033 beds [2][3] - The California City facility began receiving detainees on August 27, 2025, under a six-month Letter Contract, transitioning to a definitive contract effective September 1, 2025, with expected annual revenue of approximately $130 million once fully activated [6] - The Midwest Regional Reception Center's intake process has faced delays due to legal challenges, but the new contract commenced on September 7, 2025, with expected annual revenue of approximately $60 million once fully activated [6] Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [5] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has been a reliable partner for government for over 40 years [5]

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].

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]