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. (CXW) operates as a leading government-solutions provider specializing in corrections management, detention facilities, and residential reentry programs. This page serves as the definitive source for official company announcements and market-moving developments.
Access real-time updates on CoreCivic's operational milestones, including new facility contracts, government partnership expansions, and reentry program enhancements. Investors will find essential updates such as quarterly earnings disclosures, strategic initiatives, and leadership changes that impact the company's position in the public safety sector.
Our curated news collection enables efficient tracking of CoreCivic's role in addressing complex corrections challenges through innovative government solutions. Key updates include contract renewals with federal/state agencies, facility modernization projects, and recidivism reduction efforts through community programs.
Bookmark this page for direct access to CoreCivic's verified press releases and objective news coverage. Regularly updated content ensures stakeholders maintain current awareness of the company's operational landscape and industry developments.
CoreCivic (NYSE: CXW) announced that the Oklahoma Department of Corrections intends to terminate the lease for the 2,400-bed North Fork Correctional Facility (NFCF) upon its expiration on June 30, 2023. This decision stems from staffing challenges and increased competition from other private facilities, which have hindered NFCF's utilization since the COVID-19 pandemic started. The facility generated $12.2 million in rental revenue for CoreCivic in 2022. The company is also in negotiations regarding the lease for the 1,670-bed Davis Correctional Facility, which is similarly set to expire on June 30, 2023. CoreCivic may renew this lease only if it provides a satisfactory return.
CoreCivic, Inc. (NYSE: CXW) announced its upcoming release of first quarter 2023 financial results, scheduled for May 3, 2023, after market close. The company will host a conference call on May 4, 2023, at 10:00 a.m. CT, where stakeholders can listen to the results and participate in discussions. Interested participants must register in advance to receive dial-in details. CoreCivic is a leading provider of government solutions, emphasizing its role in corrections, detention, and real estate systems.
With over 40 years of experience, CoreCivic continues to support government partners in addressing public needs effectively and professionally. More information can be found on their official website.
CoreCivic (CXW) reported its 2022 financial results, highlighting total revenues of $1.85 billion. CoreCivic Safety led revenues at $1.68 billion, while Net Income was $122.3 million, including special items. The diluted EPS stood at $1.03, with adjusted EPS at $0.57. The company made significant strides in debt reduction, lowering its outstanding debt by over $287 million. For 2023, CoreCivic expects net income between $58 million to $75 million and diluted EPS of $0.50 to $0.65, citing labor market challenges and continued occupancy restrictions as concerns.
CoreCivic, Inc. (NYSE: CXW) will release its 2022 fourth quarter financial results on February 8, 2023, after market close. A live conference call is scheduled for February 9, 2023, at 10:00 a.m. CT (11:00 a.m. ET).
Investors can join the call via telephone by registering in advance. The audio webcast will also be accessible on the Company’s website under the “Events & Presentations” section. A replay will be available for seven days following the event.
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