CXW Research | Milton Maxwell

CXW

CoreCivic, Inc.

19.02

+0.03+0.16%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

2.04B

P/E (TTM)

19.02

Basic EPS (TTM)

1.00

Dividend Yield

Recent Filings

8-K

12/12/25Dec 12, 2025

8-K

12/2/25Dec 2, 2025

8-K

Q3 revenue surges 18.1%

11/5/25Nov 5, 2025

CoreCivic reported third-quarter 2025 revenue of $580.4 million, up 18.1% year-over-year, driven by surging ICE demand that boosted net income to $26.3 million. New contracts at four idle facilities, including the $71.4 million Farmville acquisition, promise $320 million in annual revenue once stabilized, yet startup costs trimmed full-year guidance to $107-$113 million net income. Activations build momentum. A lawsuit delays one site.

8-K

CoreCivic CEO transition announced

8/18/25Aug 18, 2025

CoreCivic announced on August 18, 2025, that CEO Damon T. Hininger will step down effective January 1, 2026, with President Patrick Swindle succeeding him while retaining his president role and joining the board. Hininger transitions to special advisor and board chairman through March 31, 2027, securing his base salary and 2026 bonus eligibility to ensure continuity. Swindle's new CEO base salary hits $900,000, with a 132% incentive target and $2,502,000 in equity grants vesting over three years. Smooth handover bolsters operations amid growth, yet risks linger from leadership shifts.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

CoreCivic's Q2 revenue climbed 9.8% y/y to $538.2M, fueled by higher federal demand from ICE amid policy shifts, while operating income per man-day rose to $27.90 from $24.14, lifting margins to 26.2%. Diluted EPS held steady at $0.35, aligning with 109,169 weighted shares and no anti-dilution quirks. Cash swelled to $130.5M with $141.2M operating cash flow for H1, yielding $80.9M free cash flow (derived), against $1.0B total debt at 7.3% average rate maturing no sooner than 2027; revolver offers $216.4M availability sans covenant breaches. The Farmville Detention Center closed July 1 for $67.0M cash, adding $40.0M annual revenue via ICE IGSA to March 2029. Yet litigation shadows activations, like Leavenworth's SUP dispute.

About

CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment; food services; and work and recreational programs as well as health care services, including medical, dental, and mental health services. CoreCivic, Inc. was founded in 1983 and is based in Brentwood, Tennessee.

CEO

Mr. Damon T. Hininger

IPO

7/15/1997

Website

https://www.corecivic.com

Employees

11,649

Sector

Industrials

Industry

Security & Protection Services