Welcome to our dedicated page for Corecivic news (Ticker: CXW), a resource for investors and traders seeking the latest updates and insights on Corecivic stock.
CoreCivic, Inc. (NYSE: CXW) is a diversified, government‑solutions company whose news flow is closely tied to its work with public sector partners. Company announcements frequently cover corrections and detention management, residential and non‑residential reentry services, and government real estate solutions, reflecting its role as what it describes as 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.
On this page, readers can follow news about CoreCivic’s earnings releases, financial guidance updates, and conference call schedules, as the company regularly announces quarterly results and related investor events. Disclosures often include commentary on facility activations, contract awards, and relationships with agencies such as U.S. Immigration and Customs Enforcement (ICE), state departments of corrections, and local government partners.
CoreCivic’s press releases also address capital structure developments, such as amendments to its credit facility and changes to its Board‑authorized share repurchase program. In addition, the company issues news regarding leadership changes, executive appointments, and governance matters, including CEO transitions and updates to executive roles overseeing corrections, detention, and reentry operations.
Investors and observers who track CXW news can use this feed to monitor new contracts for facility capacity, updates on the activation of previously idle facilities, and other developments that the company highlights as relevant to its government partners and stakeholders. Bookmark this page to review CoreCivic’s latest publicly released information as it becomes available through news and regulatory announcements.
CoreCivic (NYSE: CXW) announced on June 17, 2020, that its Board of Directors is evaluating corporate structure and capital allocation alternatives, leading to the suspension of its quarterly dividend. This decision allows the company to utilize its substantial free cash flow effectively to enhance shareholder value and meet government partners' needs. Despite concerns about market pricing, management remains confident in the company’s financial strength. CoreCivic generated $158.1 million in revenue in April 2020, with a net income of $10.2 million, showing resilience amid COVID-19 challenges.
CoreCivic (NYSE: CXW) reported its Q1 2020 financial results with total revenue of $491.1 million, up 1.5%. Net income was $32.1 million or $0.27 per diluted share, down from $49.3 million or $0.41 in Q1 2019. Adjusted diluted EPS was $0.30, reflecting challenges due to COVID-19. As of March 31, 2020, the company had $335.5 million in cash and $146.7 million available under its credit facility. No debt maturities are due until October 2022. The company suspended its financial guidance due to uncertainties from the pandemic.