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CoreCivic, Inc. reports developments in government corrections, detention, residential reentry and real estate services. The company owns and operates partnership correctional, detention and residential reentry facilities in the United States, manages facilities for government agencies, and leases properties through its Properties segment. Recurring updates cover facility activations and occupancy, contract-related operations with federal and state customers, earnings guidance, and capital allocation.
Company news also includes credit facility changes, share repurchase authorization, executive responsibility for corrections and reentry operations, and complementary acquisitions such as Clinical Solutions Pharmacy, a mail-order pharmacy provider to correctional facilities.
CoreCivic (NYSE: CXW) reported second quarter 2026 revenue of $684.9 million, up 27.3% year over year, with net income of $37.1 million and diluted EPS of $0.37. Adjusted diluted EPS was $0.38, Adjusted EBITDA $109.4 million and Normalized FFO per share $0.64.
According to CoreCivic, growth was driven by activations of previously idle facilities, higher federal and state populations, and the CSP and Farmville acquisitions, partly offset by prior-year Employee Retention Credits. Subsequent to quarter-end, the company sold four detention facilities to the U.S. government for $2.2 billion, expecting an aggregate gain of about $1.8 billion and net proceeds of roughly $1.6 billion.
CoreCivic used approximately $1.1 billion of proceeds to repay bank debt and plans to redeem its 4.75% 2027 notes, expecting total debt of about $739.1 million. The board increased the share repurchase authorization by $500 million to $1.2 billion, leaving $755.8 million available.
CoreCivic (NYSE: CXW) has completed the sale of its 1,600‑bed Prairie Correctional Facility in Appleton, Minnesota and 1,033‑bed Midwest Regional Reception Center in Leavenworth, Kansas to the United States of America, acting through the Department of Homeland Security, for an aggregate gross price of $734.0 million ($495.6 million and $238.4 million, respectively).
According to CoreCivic, after approximately $182.2 million of federal and state income taxes and transaction costs, expected net proceeds are about $522.5 million, intended for general corporate purposes, including possible debt reduction and share repurchases. CoreCivic expects to continue operating both facilities under existing ICE management contracts, which expire in August 2031 and September 2027 but remain terminable by ICE. Following these sales, the company will own or control 61 facilities with roughly 67,000 beds and manage eight additional facilities with 13,000 beds. CoreCivic has also begun preliminary discussions with ICE about potential additional facility sales.
CoreCivic (NYSE: CXW) announced a new five-year contract with U.S. Immigration and Customs Enforcement (ICE) to utilize its 1,600-bed Prairie Correctional Facility in Appleton, Minnesota, which has been idle since 2010. The contract begins on August 11, 2026 and includes a fixed monthly payment plus an incremental per diem payment tied to detainee populations.
According to CoreCivic, start-up activities and a phased intake ramp are expected to have an immaterial effect on 2026 earnings. Once fully activated, the facility is expected to generate approximately $75 million in annual revenue. Detainee intake is expected to begin in the fourth quarter of 2026, with full ramp-up targeted for the second quarter of 2027.
CoreCivic (NYSE: CXW) plans to redeem in full its 4.750% senior notes due 2027 on August 12, 2026. The notes, originally $250 million and now $238.468 million outstanding, will be redeemed at 100% of principal plus make-whole premium and accrued interest, funded with cash on hand.
CoreCivic (NYSE: CXW) will release its 2026 second quarter financial results after the market closes on Wednesday, August 5, 2026. A live conference call will follow on Thursday, August 6, 2026 at 10:00 a.m. CT (11:00 a.m. ET).
Investors can join via pre-registered telephone access or listen through an audio-only webcast on the company's investor relations website, where a replay will be available for seven days.
CoreCivic (NYSE: CXW) completed the sale of its 2,560-bed California City Detention Facility and 1,994-bed Otay Mesa Detention Center to the U.S. government for an aggregate $1.5 billion ($732.6M and $739.2M, respectively).
After roughly $0.4B in taxes and expenses, CoreCivic expects about $1.1B net proceeds, to repay up to $716.3M of debt and potentially fund share repurchases and other corporate purposes. The company plans to continue managing both facilities under existing ICE contracts, which have expirations in 2027 and 2029, but notes no assurance of future management or unchanged terms.
CoreCivic (NYSE: CXW) reported Q1 2026 results with revenue $614.7M (+25.8%), net income $37.9M (+51.0%) and diluted EPS $0.38 (+65.2%). Adjusted EBITDA was $110.1M (+36.0%) and normalized FFO per share was $0.65 (+44.4%). The company completed the Clinical Solutions Pharmacy acquisition and obtained a $100M incremental term loan.
Management raised full‑year 2026 guidance reflecting CSP and facility activations, while noting a recent temporary decline in nationwide ICE populations and ongoing activations of idle facilities.
CoreCivic (NYSE: CXW) will release its 2026 first quarter financial results after market close on Wednesday, May 6, 2026. A live conference call will be held at 10:00 a.m. CT / 11:00 a.m. ET on Thursday, May 7, 2026.
Telephone participants must register in advance to receive dial-in details and a passcode. An audio-only webcast will be available on the company website under Investors & Events & Presentations, and a replay will be accessible for seven days.
CoreCivic (NYSE: CXW) received a Special Use Permit to reopen its 1,033-bed Midwest Regional Reception Center in Leavenworth, Kansas. The facility, reactivated after a third-quarter 2025 contract award, paused intake and hiring while the SUP was reviewed. CoreCivic expects ~$0.05–$0.06 incremental EPS for the remainder of 2026 and plans to begin intake in the coming weeks.
The company paused hiring in December 2025, initiated start-up activities earlier, and said community collaboration aided the SUP outcome.
CoreCivic (NYSE: CXW) reported strong Q4 and full-year 2025 results driven by facility activations and higher occupancy. Q4 revenue was $604.0M (up 26% YoY) and full-year revenue was $2.2B (up 13% YoY). Net income was $26.5M in Q4 and $116.5M for 2025.
The company provided 2026 guidance with net income of $147.5M–$157.5M and EBITDA of $437M–$445M, and reiterated capital plans including share repurchases and expanded revolving credit capacity.