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) reported strong Q2 2025 financial results, with total revenue increasing 9.8% to $538.2 million and net income surging 103.4% to $38.5 million. The company's performance was driven by increased demand from U.S. Immigration and Customs Enforcement (ICE), with nationwide detention populations reaching all-time highs.
Key highlights include diluted EPS of $0.35 (up 105.9%), adjusted EBITDA of $103.3 million (up 23.2%), and the repurchase of 2.0 million shares for $43.2 million. The company completed the $67 million acquisition of the Farmville Detention Center and raised its full-year 2025 guidance, projecting net income between $116.4-$124.4 million.
CoreCivic's average daily population increased to 54,026 with 76.8% occupancy across Safety and Community segments, and is actively re-activating previously idled facilities to meet growing demand.
CoreCivic (NYSE:CXW) has scheduled its 2025 second quarter earnings release for Wednesday, August 6, 2025, after market close. The company will host a conference call to discuss the results on Thursday, August 7, 2025, at 10:00 a.m. central time.
Participants can join the call by pre-registering through the provided link to receive dial-in details. Additionally, an audio webcast will be available on CoreCivic's website, with a replay accessible for seven days following the call.
CoreCivic (NYSE: CXW) has scheduled its 2025 first quarter earnings release and conference call. The company will release its financial results after market close on Wednesday, May 7, 2025. A live conference call will be held the following day, Thursday, May 8, 2025, at 10:00 a.m. central time (11:00 a.m. eastern time).
Interested participants can register in advance for the telephone conference through the provided registration link. The audio webcast will be accessible through CoreCivic's website under the 'Events & Presentations' section, with a replay available for seven days following the call.
CoreCivic (NYSE: CXW) announced significant changes to its Board of Directors effective March 17, 2025. The company is appointing three new independent directors - Dawn Smith, Stacey Tank, and Nina Tran - expanding the board from 11 to 14 members. Smith, currently President of Cologix, brings expertise in corporate law and IT. Tank, CEO of Bespoke Beauty Brands, offers executive leadership experience in both commercial and non-profit sectors. Tran contributes extensive financial and real estate expertise.
The board will subsequently decrease to 12 members following the departure of Robert Dennis and Anne Mariucci, who will not seek re-election at the 2025 Annual Meeting. Both Dennis and Mariucci have served on CoreCivic's board for over a decade, with 12 and 13 years of service respectively.
CoreCivic (NYSE: CXW) has announced the resumption of operations at the South Texas Family Residential Center in Dilley, Texas, under an amended intergovernmental services agreement with ICE. The facility, which can accommodate up to 2,400 individuals, will restart operations after being idle since August 2024.
The company has signed a new lease agreement with Target Hospitality , the facility owner. The contract expires in March 2030 and is expected to generate approximately $180 million in annual revenue once fully activated. CoreCivic will provide residential services, including recreational activities, life skills, counseling, and medical care, while Target will handle food services.
The agreement includes a fixed monthly payment structure based on the gradual activation of facility neighborhoods. Pre-activation activities have already begun, with earnings contribution expected starting in Q2 2025. The company anticipates increased demand from federal government partners and expects continued robust contracting activity throughout 2025.
CoreCivic (NYSE: CXW) has secured contract modifications with U.S. Immigration and Customs Enforcement (ICE) to expand detention capacity across four facilities. The expansion includes: up to 784 detainees at Northeast Ohio Correctional Center, Nevada Southern Detention Center, and Cimarron Correctional Facility in Oklahoma, plus 252 beds at Tallahatchie County Correctional Facility in Mississippi.
The facilities currently serve multiple government contracts: Northeast Ohio houses 650 U.S. Marshals Service (USMS) residents and 925 Ohio Department of Rehabilitation and Correction residents; Nevada Southern accommodates 800 USMS residents; Cimarron holds 1,100 USMS residents; and Tallahatchie serves approximately 1,400 residents under contracts with eight different customers.
CoreCivic (NYSE: CXW) reported strong Q4 2024 financial results with total revenue of $479.3 million and net income of $19.3 million. Full-year 2024 performance included total revenue of $2.0 billion and net income of $68.9 million. The company achieved its highest occupancy level since Q1 2020 at 75.5%.
Notable developments include a new contract with Montana for additional inmates and facility investments of $40-45 million for potential activations. The company's ICE revenue decreased 21.6% in Q4 2024 compared to Q4 2023, primarily due to the South Texas facility contract termination. However, state customer revenue increased 6.4%.
For 2025, CoreCivic projects net income between $53.5-67.5 million and EBITDA of $281.0-293.0 million. The company continued its share repurchase program, buying back 4.4 million shares in 2024 for $68.5 million, with $168.9 million remaining under the authorization.
CoreCivic (NYSE: CXW) has secured a new management contract with Montana to house 240 additional inmates at its Tallahatchie County Correctional Facility in Mississippi during Q1 2025. The company will also receive 120 more Montana inmates at its Saguaro Correctional Facility in Arizona under an existing contract.
The new contract runs through December 31, 2026, with potential extensions up to seven years total. This expansion brings the total addition of Montana inmates in CoreCivic's out-of-state facilities to approximately 600 over roughly 18 months. CoreCivic also manages the 664-bed Crossroads Correctional Center in Montana.
The additional inmates will bring the Saguaro facility close to design capacity and improve bed utilization at Tallahatchie, where CoreCivic now manages contracts for eight customers, including recent additions from Wyoming, Harris County (Texas), and Hinds County (Mississippi).
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