Earnings summaries and quarterly performance for CoreCivic.
Executive leadership at CoreCivic.
Damon T. Hininger
Detailed
Chief Executive Officer
CEO
AL
Anthony L. Grande
Detailed
Executive Vice President and Chief Development Officer
CG
Cole G. Carter
Detailed
Executive Vice President, General Counsel and Secretary
DM
Daren M. Swenson
Detailed
Senior Vice President and Chief Corrections Officer
DM
David M. Garfinkle
Detailed
Executive Vice President and Chief Financial Officer
LN
Lucibeth N. Mayberry
Detailed
Executive Vice President and Chief Innovation Officer
PD
Patrick D. Swindle
Detailed
President and Chief Operating Officer
Board of directors at CoreCivic.
AR
Alexander R. Fischer
Detailed
Director
CH
Catherine Hernandez-Blades
Detailed
Director
DI
Devin I. Murphy
Detailed
Director
HG
Harley G. Lappin
Detailed
Director
JR
John R. Prann, Jr.
Detailed
Director
MA
Mark A. Emkes
Detailed
Chair of the Board
NA
Nina A. Tran
Detailed
Director
SD
S. Dawn Smith
Detailed
Director
SM
Stacey M. Tank
Detailed
Director
SA
Stacia A. Hylton
Detailed
Director
TM
Thurgood Marshall, Jr.
Detailed
Director
Research analysts who have asked questions during CoreCivic earnings calls.
KL
Kirk Ludtke
Imperial Capital, LLC
5 questions for CXW
Also covers: CPS, EAF, GEO +2 more
MM
Marla Marin
Bluegrass Capital Partners
5 questions for CXW
Also covers: AEMD, AMS, LGMK
BB
Benjamin Briggs
StoneX Financial Inc.
4 questions for CXW
GG
Greg Gibas
Northland Securities, Inc.
3 questions for CXW
Also covers: ACEL, AIOT, AMRK +8 more
GG
Gregory Gibas
Northland Securities
3 questions for CXW
Also covers: ACEL, AMRK, ASUR +7 more
JM
Jay McCanless
Wedbush Securities
3 questions for CXW
Also covers: BLDR, BZH, CCS +20 more
JG
Joe Gomes
Noble Capital Markets
3 questions for CXW
Also covers: ACCO, BLBX, BTBT +16 more
JG
Joseph Gomes
G.research, LLC
3 questions for CXW
Also covers: ACCO, BTBT, CMTL +17 more
RS
Raj Sharma
Texas Capital Bank
3 questions for CXW
Also covers: APEI, ASPU, EZPW +4 more
BS
Bill Sutherland
The Benchmark Company LLC
2 questions for CXW
Also covers: AMED, ATIP, BEAT +9 more
JW
Jason Weaver
Unaffiliated Analyst
2 questions for CXW
Also covers: AGNC, ARR, BRSP +18 more
MU
Matthew Ubben
JonesTrading
2 questions for CXW
BV
Brian Violino
Wedbush Securities Inc.
1 question for CXW
Also covers: GEO, RWT
JH
Jordan Hymowitz
Philadelphia Financial Management of San Francisco
1 question for CXW
JH
Jordon Hymowitz
Philadelphia Financial
1 question for CXW
Also covers: AGO, CACC, GEO +2 more
Mason Bourne
AWH Capital
1 question for CXW
Also covers: REX, XYF
MM
M. Marin
Zacks Investment Research
1 question for CXW
Recent press releases and 8-K filings for CXW.
CoreCivic Reports Strong Q4 2025 Results and Issues 2026 Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported strong financial performance for Q4 2025, with Adjusted EPS increasing 69% to $0.27 per share and Adjusted EBITDA growing 25% to $92.5 million compared to Q4 2024. Revenue from federal partners, primarily Immigration and Customs Enforcement (ICE), increased 49% year-over-year.
- The company provided 2026 financial guidance, projecting diluted EPS of $1.49-$1.59, FFO per share of $2.54-$2.64, and EBITDA of $437 million-$445 million. CoreCivic anticipates an annual revenue run rate of approximately $2.5 billion and an annual EBITDA run rate of approximately $450 million once newly activated facilities reach stabilized occupancy in the first half of 2026.
- CoreCivic continues to prioritize share repurchases, buying back 5.3 million shares for $97.3 million in Q4 2025, bringing the year-to-date total for 2025 to 11.2 million shares for $218.4 million. The company also expanded its revolving credit facility to $575 million, increasing total commitments to $700 million, and has $300.5 million remaining under its share repurchase authorization as of December 31, 2025.
- Operationally, the company is progressing with the ramp-up of previously idle facilities, with three new contract awards expected to generate approximately $260 million in annual revenue. CoreCivic currently owns 5 idle facilities with approximately 7,000 beds and has informed ICE it could provide nearly 13,000 additional beds.
Feb 12, 2026, 4:00 PM
CoreCivic Reports Strong Q4 2025 Results and Issues Robust 2026 Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported Q4 2025 adjusted EPS of $0.27 and adjusted EBITDA of $92.5 million, exceeding average analyst estimates by $0.09 and $9 million respectively, driven by increased demand from federal and state partners.
- The company provided 2026 financial guidance, projecting diluted EPS of $1.49-$1.59, FFO per share of $2.54-$2.64, and EBITDA of $437 million-$445 million, representing significant annual growth with midpoint EBITDA and EPS growth of 21% and 40% respectively.
- Operational highlights include new contract awards in the second half of 2025 for four facilities, with three expected to generate $260 million in annual revenue once normalized, contributing to an anticipated annual revenue run rate of $2.5 billion and EBITDA run rate of $450 million by mid-2026.
- CoreCivic repurchased 5.3 million shares for $97.3 million in Q4 2025, bringing year-to-date repurchases to 11.2 million shares for $218.4 million, and increased its share repurchase authorization by $200 million to a cumulative $700 million.
- The company maintains strong liquidity with $97.9 million cash on hand and an expanded revolving credit facility of $575 million, totaling $409.3 million in liquidity as of December 31, 2025, and plans to prioritize cash flow for share repurchases.
Feb 12, 2026, 4:00 PM
CoreCivic Reports Strong Q4 2025 Results, Issues 2026 Guidance, and Expands Share Buyback Program
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported strong financial results for the fourth quarter of 2025, with Adjusted EPS increasing 69% to $0.27 per share and Adjusted EBITDA growing 25% to $92.5 million compared to the prior year quarter, largely driven by a 103.4% increase in revenue from ICE.
- The company provided 2026 financial guidance, projecting diluted EPS of $1.49-$1.59, FFO per share of $2.54-$2.64, and EBITDA of $437 million-$445 million.
- CoreCivic anticipates its annual revenue run rate to reach approximately $2.5 billion and annual EBITDA run rate to increase to approximately $450 million by mid-2026, following the activation of new contract awards, excluding the Midwest Regional facility.
- The company significantly expanded its share repurchase program, buying back 5.3 million shares for $97.3 million in Q4 2025, and increased its board authorization by $200 million to a total of $700 million, with $300.5 million remaining available as of December 31, 2025.
- CoreCivic possesses substantial capacity to meet future demand, owning 5 idle facilities with approximately 7,000 beds and the ability to provide nearly 13,000 additional beds to ICE, amidst nationwide ICE detention populations reaching historical highs of around 69,900 individuals in early January 2026.
Feb 12, 2026, 4:00 PM
CoreCivic Reports Strong Q4 and Full Year 2025 Financial Results, Provides 2026 Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported strong financial performance for Q4 2025 and Full Year 2025, with Total Revenue increasing 26% to $604.0 million in Q4 and 13% to $2.2 billion for the full year, while Diluted EPS rose 53% to $0.26 in Q4 and 74% to $1.08 for the full year.
- The company established Full Year 2026 guidance, projecting Net income between $147.5 million and $157.5 million, and Diluted EPS between $1.49 and $1.59.
- Growth was primarily driven by facility activations and higher occupancy levels, with combined Safety and Community segment occupancy increasing to 78.1% in Q4 2025 from 75.5% in Q4 2024.
- CoreCivic's balance sheet remains strong with leverage (net debt to Adjusted EBITDA) at 2.8x for the trailing twelve months, and the company expanded its revolving credit facility to $575.0 million.
- The company was active in its share repurchase program, buying back 11.2 million shares for $218.4 million in 2025, with $300.5 million remaining under the program as of December 31, 2025.
Feb 11, 2026, 9:15 PM
CoreCivic Reports Strong Q4 and Full Year 2025 Financial Results, Issues 2026 Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported strong financial results for Q4 2025 and Full Year 2025, with Total Revenue reaching $604.0 million (up 26% year-over-year) and $2.2 billion (up 13% year-over-year) respectively. Diluted EPS for these periods was $0.26 (up 53% year-over-year) and $1.08 (up 74% year-over-year).
- This performance was primarily driven by facility activations and higher occupancy, including the resumption of operations at the Dilley Immigration Processing Center and the acquisition of the Farmville Detention Center.
- For Full Year 2026, CoreCivic established guidance, projecting Net Income between $147.5 million and $157.5 million, and Diluted EPS between $1.49 and $1.59.
- The company's capital strategy included repurchasing 11.2 million shares of common stock for an aggregate purchase price of $218.4 million during 2025, and expanding its revolving credit facility from $275.0 million to $575.0 million.
Feb 11, 2026, 9:05 PM
CoreCivic Reports Q3 2025 Results, Updates Guidance, and Announces CEO Transition
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported Q3 2025 adjusted EPS of $0.24 and normalized FFO per share of $0.48, surpassing internal forecasts, with adjusted EBITDA reaching $88.8 million.
- The company revised its full-year 2025 financial guidance downwards, with adjusted diluted EPS now projected at $1.00-$1.06 and adjusted EBITDA at $355-$359 million, primarily due to $10-$11 million in startup costs for new contracts.
- Four new contract awards are expected to generate approximately $320 million in annual revenue once stabilized, contributing to an anticipated annual run rate revenue of approximately $2.5 billion and EBITDA over $450 million by the first half of 2026.
- CoreCivic repurchased 1.9 million shares for $40 million in Q3 2025 and intends to double the pace of share repurchases in Q4, with $198 million remaining under the $500 million authorization.
- Patrick Swindle is set to become the new CEO, succeeding Damon Hininger, effective January 1, 2026.
Nov 6, 2025, 7:30 PM
CoreCivic Reports Strong Third Quarter 2025 Results and Updates Full-Year Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic reported strong third quarter 2025 financial results, with total revenue up 18.1% to $580.4 million and net income increasing 24.7% to $26.3 million compared to the prior year quarter.
- Diluted earnings per share for Q3 2025 increased 26.3% to $0.24, and Adjusted diluted earnings per share rose 20.0% to $0.24.
- The company repurchased 1.9 million shares of common stock at an aggregate cost of $40.0 million during the third quarter of 2025, and expects to increase the pace of repurchases in future quarters.
- CoreCivic updated its full-year 2025 financial guidance downwards due to increased start-up expenses for activating four facilities, including the California City and Diamondback facilities, which are expected to negatively impact Q4 but drive stronger 2026 results. These new contracts, along with the acquisition of the Farmville Detention Center for $71.4 million, are expected to generate significant annual revenue once facilities achieve stabilized occupancy.
Nov 5, 2025, 9:15 PM
CoreCivic Reports Strong Q3 2025 Results and Updates 2025 Guidance
CXW
Earnings
Guidance Update
Share Buyback
- CoreCivic, Inc. reported total revenue of $580.4 million for Q3 2025, an 18.1% increase from the prior year quarter, and diluted earnings per share of $0.24, up 26.3%.
- The company repurchased 1.9 million shares of common stock at an aggregate cost of $40.0 million during Q3 2025, with $197.9 million of repurchase authorization remaining as of September 30, 2025.
- CoreCivic secured new contracts for four idle facilities during Q3 2025, including West Tennessee, California City, Midwest Regional Reception Center, and Diamondback Correctional Facility, which are projected to generate approximately $320 million in annual revenue once fully activated.
- The full-year 2025 financial guidance was updated, reflecting a $10.0 million to $11.0 million reduction in facility net operating income due to start-up expenses for these activations, though these contracts are expected to drive stronger results in 2026.
Nov 5, 2025, 9:13 PM
CoreCivic Provides 2024 Financials, 2025 Guidance, and Strategic Updates
CXW
Guidance Update
Share Buyback
New Projects/Investments
- CoreCivic reported $2 billion in revenue and $331 million in adjusted EBITDA for 2024, and provided 2025 adjusted EBITDA guidance of $368 million, an 11% increase from 2024.
- The company is reactivating five previously idle facilities, adding 8,800 beds and an anticipated $500 million in revenue, which is expected to drive strong growth in 2026.
- CoreCivic has reduced its debt by $1.3 billion since June 2020, achieving a leverage ratio of 2.3 times at the end of Q2 2025, and has $347 million in liquidity.
- The company has a $500 million share repurchase authorization, having bought back $81 million in the first half of 2025, with $237.9 million remaining as of June 30, 2025.
- Patrick Swindle will succeed Damon Hininger as CEO on January 1, 2026, following his promotion to President on January 1, 2025.
Oct 9, 2025, 3:00 PM
CoreCivic Highlights 2024 Financials and ICE Detention Growth Opportunities
CXW
New Projects/Investments
Share Buyback
M&A
- CoreCivic (CXW) reported 2024 revenues of approximately $2 billion and adjusted EBITDA of $330.8 million, with total assets of about $2.9 billion. The company operates 70 correctional, detention, and reentry facilities in the U.S., with 51% of its revenue derived from federal government agencies, including the U.S. Immigration and Customs Enforcement (ICE) and the U.S. Marshals Service.
- A significant growth opportunity is presented by the "One Big Beautiful Bill Act" (July 2025), which appropriated funds to increase ICE detention capacity from approximately 50,000 to 100,000 beds. CoreCivic has 13,419 beds in idle facilities and 3,239 unused beds in operational facilities that could be activated to meet this demand, with the potential to generate an additional $200 million to $225 million in EBITDA.
- The company has demonstrated strong financial discipline, repaying approximately $1.3 billion of debt since August 2020 through June 30, 2025, and maintaining a leverage ratio of 2.3 times net debt to adjusted EBITDA as of Q2 2025.
- CoreCivic maintains a 97% contract renewal rate over the past five years and reported $347 million in liquidity as of June 30, 2025. This financial flexibility supports M&A activities, such as the $67 million acquisition of the Farmville Detention Center on July 1, and share repurchases, with $237.9 million remaining under its authorization as of June 30, 2025.
Sep 30, 2025, 6:00 PM
Quarterly earnings call transcripts for CoreCivic.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more