Corecivic Stock Price, News & Analysis

CoreCivic, Inc. (NYSE: CXW) is a diversified, government‑solutions company that works with public sector partners in the United States. According to the company’s public disclosures, CoreCivic focuses on helping government agencies address complex operational and infrastructure needs in a flexible, cost‑effective manner. The company emphasizes service to government partners and the public good through corrections and detention management, alternatives to incarceration, and government real estate solutions.

CoreCivic states that it has been a partner to government for more than 40 years and that its employees are driven by a sense of service, high standards of professionalism, and responsibility to help government better the public good. Its common stock trades on the New York Stock Exchange under the symbol CXW, and the company is incorporated in Maryland.

Business Focus and Government Solutions

CoreCivic describes itself as providing a broad range of solutions to government partners. These solutions include:

• Corrections and detention management – operating facilities that house individuals in correctional or detention settings under contracts with government agencies.
• Residential and non‑residential alternatives to incarceration – operating a network of facilities and programs intended to support reentry and address what the company refers to as America’s recidivism crisis.
• Government real estate solutions – owning and leasing properties to government entities and other third parties.

In its public description, CoreCivic notes that it is 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. The company positions its scale and experience as key attributes in addressing government infrastructure and operational challenges.

Business Segments

Based on prior descriptions, CoreCivic reports operating through three primary segments:

• Safety – consisting of correctional and detention facilities that are owned by the company or controlled via long‑term leases and managed by CoreCivic, as well as facilities owned by third parties but managed by the company.
• Community – which owns and operates residential reentry centers and other community‑based facilities that provide alternatives to incarceration.
• Properties – which owns properties that are leased to third parties and government agencies as part of the company’s government real estate solutions.

The company has disclosed that the vast majority of its revenue has historically come from the CoreCivic Safety segment, reflecting the central role of correctional and detention management in its overall business.

Relationship with Government Partners

CoreCivic’s public statements emphasize long‑standing relationships with federal, state, and local government agencies. The company highlights that it has been a “flexible and dependable partner for government for more than 40 years.” It also notes that it works with government partners seeking infrastructure capacity and operational support in areas such as immigration enforcement and corrections.

In recent disclosures, CoreCivic has referenced contracts and intergovernmental service agreements with entities such as U.S. Immigration and Customs Enforcement (ICE), state departments of corrections, and local governments. These arrangements can include fixed monthly payments and per diem payments based on populations housed in company‑owned facilities.

Facilities, Capacity, and Reentry Focus

CoreCivic states that it owns and operates correctional, detention, and residential reentry facilities, and that it has reactivated previously idle facilities when awarded new contracts. The company has described contract activity involving thousands of beds at facilities such as the California City Immigration Processing Center, the Midwest Regional Reception Center, the West Tennessee Detention Facility, and the Diamondback Correctional Facility.

The company also highlights a network of residential and non‑residential alternatives to incarceration. In its public description, CoreCivic links this network to efforts to address recidivism and to support individuals on their path to reentry, positioning these activities as part of its role in serving the public good.

Capital Structure and Share Repurchases

CoreCivic’s SEC filings describe an amended and restated credit facility that includes a term loan and a revolving credit facility with an accordion feature allowing for incremental extensions of credit, subject to lender commitments. The company has reported increasing the size of its revolving credit facility through an amendment to its credit agreement.

CoreCivic has also disclosed a Board‑authorized share repurchase program. The Board increased the aggregate authorization to allow repurchases of up to $700 million of common stock, with the program having no fixed time limit and repurchases executed at management’s discretion within parameters set by the Board and in accordance with applicable securities laws.

Executive Leadership and Governance

Recent SEC filings describe planned leadership transitions at the chief executive officer level and changes in executive roles. The company has outlined compensation arrangements, severance and change‑in‑control plans, and transition agreements for certain executives, reflecting its governance and executive compensation framework as disclosed to investors.

Regulatory Reporting and Investor Communications

As a public company listed on the New York Stock Exchange, CoreCivic files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including Forms 10‑K, 10‑Q, and 8‑K. The company also issues press releases regarding earnings results, financial guidance, contract awards, facility activations, credit facility amendments, and share repurchase authorizations, and hosts conference calls to discuss its financial performance.

Frequently Asked Questions (FAQ)

• What does CoreCivic, Inc. do?
  CoreCivic describes itself as a diversified, government‑solutions company. It provides corrections and detention management, operates residential and non‑residential alternatives to incarceration, and offers government real estate solutions to public sector partners.
• How does CoreCivic generate revenue?
  According to prior descriptions, CoreCivic generates revenue primarily through its Safety segment, which includes correctional and detention facilities it owns or manages. It also earns revenue from its Community segment, which operates residential reentry centers, and from its Properties segment, which leases properties to government agencies and other third parties.
• What are CoreCivic’s main business segments?
  The company reports three main segments: Safety, Community, and Properties. Safety focuses on correctional and detention facilities, Community on residential reentry and related operations, and Properties on owning properties leased to government and other tenants.
• Who are CoreCivic’s typical customers?
  CoreCivic’s public disclosures refer to “government partners,” including federal, state, and local agencies. Examples mentioned in company communications include U.S. Immigration and Customs Enforcement (ICE), state departments of corrections, and local governments that are parties to intergovernmental service agreements.
• How long has CoreCivic been in operation?
  CoreCivic states that it has been a flexible and dependable partner for government for more than 40 years, indicating a multi‑decade operating history in corrections, detention, and related government services.
• What role does CoreCivic play in reentry and recidivism efforts?
  The company highlights a network of residential and non‑residential alternatives to incarceration that it says are intended to help address America’s recidivism crisis. It emphasizes helping individuals on their path to reentry as part of its service offering to government partners.
• Is CoreCivic a public company and where is its stock listed?
  Yes. CoreCivic, Inc. is a Maryland corporation with common stock listed on the New York Stock Exchange under the ticker symbol CXW, as disclosed in its SEC filings.
• What is CoreCivic’s approach to capital and financing?
  CoreCivic has disclosed an amended credit facility that includes a term loan and a revolving credit facility, as well as an accordion feature for potential additional borrowing. It has also reported a Board‑authorized share repurchase program allowing the company to repurchase its common stock up to a specified aggregate authorization.
• Does CoreCivic own or operate its facilities?
  CoreCivic’s Safety segment includes correctional and detention facilities that are owned by the company or controlled through long‑term leases and managed by CoreCivic, as well as facilities owned by third parties but managed by the company. The company also owns properties in its Properties segment that are leased to government agencies and other tenants.
• What types of contracts does CoreCivic enter into with government agencies?
  Company disclosures reference intergovernmental service agreements and contracts that may include fixed monthly payments and per diem payments based on detainee or resident populations. These agreements can cover the use and activation of specific facilities and associated bed capacity.