Jordan Hymowitz's questions to CoreCivic Inc (CXW) leadership • Q2 2025
Question
Jordan Hymowitz of Philadelphia Financial Management of San Francisco asked about historical EBITDA margins when occupancy was above 80%, whether the administration might ignore a lower bid on the ISAP contract, and the likelihood of initiating a dividend in 2026.
Answer
CEO Damon Hininger recalled operating margins were in the 25-26% range and could be exceeded with higher occupancy due to operating leverage. He stated it was difficult to predict how a future ISAP bid would be evaluated. Regarding capital returns, he said that initiating a dividend is not a consideration at the current stock price, implying a preference for share repurchases.