CoreCivic Announces $200 Million Increase to Share Repurchase Authorization

Rhea-AI Summary

CoreCivic (NYSE: CXW) announced that its Board increased the company’s share repurchase authorization by $200 million, raising the aggregate program from $500.0 million to $700.0 million on Nov. 10, 2025.

Since May 2022 through Nov. 7, 2025, CoreCivic repurchased 21.5 million shares for an aggregate of $322.1 million at a weighted cost of $14.98 per share. Including the new authorization, CoreCivic reports $377.9 million of repurchase capacity remaining under the program.

Management said the company will prioritize deploying cash flows to repurchases given recent contract awards, earnings trajectory, and the board’s view on current valuation.

Positive

• Board authorization increased by $200 million
• Aggregate repurchase capacity now $700.0 million
• Repurchased 21.5 million shares for $322.1 million
• Remaining repurchase authorization of $377.9 million

Negative

• Prioritizing buybacks reallocates cash flows from other uses
• Share price "influenced by many factors outside our control"

Insights

Equity Capital Allocation Analyst

Board ups buyback by $200 million, increasing authorization to $700.0 million.

CoreCivic expanded its repurchase ceiling by $200 million, lifting the program from $500.0 million to $700.0 million. The company has repurchased 21.5 million shares for $322.1 million at an average of $14.98 per share through Nov 7, 2025, leaving $377.9 million available.

The move redirects free cash toward share reduction rather than other uses; this can concentrate ownership and increase per‑share metrics if execution follows the authorization. Watch near‑term buyback cadence, available cash generation, and any stated limits on timing or volume; monitor activity across the next 6–12 months for balance‑sheet impact.

Corporate Finance Strategist

Management prioritizes buybacks given stated valuation views and recent contract wins.

CoreCivic's management ties the increase to recent contract awards and an improving earnings trajectory, saying they will prioritize repurchases over alternative deployments. The press release quantifies prior repurchases ($322.1 million spent on 21.5 million shares) and the remaining authorization ($377.9 million), creating a clear financial runway for additional repurchases.

Key items to watch include the actual pace of repurchases versus the remaining authorization and near‑term cash flow statements to confirm funding. Expect material signals on capital allocation within the next 12 months as repurchase activity either accelerates or remains opportunistic.

BRENTWOOD, Tenn., Nov. 10, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that its Board of Directors authorized an increase to its existing share repurchase program pursuant to which CoreCivic may purchase up to an additional $200 million in shares of CoreCivic's outstanding common stock. As a result of the increase, the aggregate authorization under CoreCivic's repurchase program increased from up to $500.0 million shares of common stock to up to $700.0 million shares of common stock.

Since the share repurchase program was authorized in May 2022, through November 7, 2025, we have repurchased a total of 21.5 million shares of our common stock at an aggregate cost of $322.1 million, or $14.98 per share, excluding fees, commissions and other costs related to the repurchases. As of November 7, 2025, including the additional authorization, we have $377.9 million of repurchase authorization available under the share repurchase program.  

Damon T. Hininger, CoreCivic's Chief Executive Officer, commented, "We are pleased to announce an increase to our stock repurchase authorization. We remain committed to deploying capital in ways that we believe will enhance long-term shareholder value. While our share price is influenced by many factors outside our control, we believe our current valuation does not fully reflect the progress and opportunities we see in our business."

Patrick D. Swindle, CoreCivic's President and Chief Operating Officer, added, "We believe our recently announced contract awards and the overall strength of our business position us well to execute on our capital allocation strategy.   Given our earnings trajectory, alternative opportunities to deploy capital, and our current share price, we are prioritizing the allocation of our cash flows to our share repurchase program."

About CoreCivic

CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help address America’s recidivism crisis, and government real estate solutions. We are the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. We have been a flexible and dependable partner for government for more than 40 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.

Cautionary Note Regarding Forward-Looking Statements

This press release includes statements as to our beliefs and expectations of the outcome of future events that are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may include such words as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "can have," "likely," and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Such forward-looking statements may be affected by risks and uncertainties in CoreCivic's business and market conditions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Important factors that could cause actual results to differ are described in the filings made from time to time by CoreCivic with the Securities and Exchange Commission ("SEC") and include the risk factors described in CoreCivic's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 21, 2025. Except as required by applicable law, CoreCivic undertakes no obligation to update forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.

Contact:		Investors: Jeb Bachmann - Managing Director, Investor Relations - (615) 263-3024 Media: Steve Owen – Vice President, Communications - (615) 263-3107

FAQ

What change did CoreCivic (CXW) announce to its share repurchase program on Nov. 10, 2025?

The Board authorized an additional $200 million, increasing the program to $700.0 million aggregate.

How many shares has CoreCivic (CXW) repurchased through Nov. 7, 2025 and at what cost?

CoreCivic repurchased 21.5 million shares for $322.1 million, or $14.98 per share.

How much repurchase authorization does CoreCivic (CXW) have remaining after the increase?

Including the new authorization, CoreCivic has $377.9 million of repurchase capacity remaining.

Why is CoreCivic (CXW) prioritizing share repurchases now?

Management cited recent contract awards, earnings trajectory, and current share valuation as reasons to prioritize buybacks.

Will the increased repurchase authorization immediately reduce CoreCivic (CXW) cash balances?

The announcement increases authorization but does not state timing or immediate cash use for repurchases.

How might the $200 million increase to CXW's buyback authorization affect shareholders?

The increase gives management capacity to repurchase shares, which may support EPS and reduce share count if executed.