What is the revenue and EPS growth rate for CoreCivic year over year?

What factors drove the changes in CoreCivic's revenue and profit?

What were the key takeaways from CoreCivic’s earnings call?

What is CoreCivic's latest dividend and current dividend yield?

What were the key takeaways from CoreCivic's earnings call?

What is CoreCivic's gross profit margin?

What does CoreCivic do and what are its main business segments?

Did CoreCivic beat or miss consensus estimates last quarter?

- **New Contracts Drive Growth**: 4 new awards add $320 million annual revenue, with 2026 EBITDA projected at $450 million (+$100M YoY).
- **Aggressive Share Buybacks**: Q4 buybacks to double prior quarters, with potential leverage target exceedance due to $450M EBITDA forecast vs. $300M market assumption.
- **Operational Challenges**: Midwest facility activation delayed by lawsuit, but resolution expected in Q4. Start-up costs reduce Q4 EBITDA guidance by $10-11 million.
- **Government Shutdown Resilience**: Full payment with interest expected for services during shutdown, no impact on operations or activations.
- **State Demand Growth**: State populations up 600 YoY, with 7,000 idle beds available for future contracts.


**【CEO Summary Section】**
- Announced 4 new contract awards totaling $320 million in annual revenue, including the Midwest Regional Reception Center, California City Immigration Processing Center, West Tennessee Detention Facility, and Diamondback Correctional Facility.
- Projected 2026 annual run rate EBITDA of $450 million, up $100 million from 2025, driven by stabilized occupancy of newly activated facilities.
- Highlighted government shutdown impact on cash collections but expressed confidence in resolving legal disputes (e.g., Midwest facility lawsuit) to achieve activation goals.
- Accelerated share repurchase plan to capitalize on undervalued stock, with Q4 buybacks expected to double previous quarters.

**【CFO Financial Commentary】**
- Q3 2025 GAAP EPS: $0.24; Non-GAAP EPS: $0.24 (up 20% YoY). Adjusted EBITDA: $88.8 million (up 6.6% YoY).
- Start-up costs at new facilities reduced Q4 guidance: EBITDA $355-359 million (vs. prior $365-371 million), EPS $1.00-1.06 (vs. prior $1.07-1.14).
- 2025 share repurchases: $121 million (5.9 million shares). Remaining authorization: $198 million.
- 2026 capital expenditures: $97.5-99.5 million for facility activations, plus $60-65 million for maintenance CapEx.

**【Q&A Key Highlights】**
- **ICE Detention Growth**: ICE populations at CoreCivic facilities up 37% YoY to ~14,000, driven by 10,000 new ICE agents. Midwest facility intake delayed by lawsuit, but resolution expected in Q4.
- **Share Repurchases**: Management committed to aggressive buybacks, potentially exceeding leverage target of 2.25-2.75x, citing $450 million 2026 EBITDA forecast vs. $300 million market assumption.
- **CapEx for Activations**: $97.5-99.5 million for 2025, with $20 million carryover to 2026 for unannounced contracts. Dilley facility fully operational, generating $70 million+ annual revenue.
- **Government Shutdown Impact**: Expected full payment with interest for services during shutdown, but timing uncertain. No impact on facility activations or operations.
- **State Partnerships**: Increased demand from states like Montana and Georgia, with 7,000 idle beds available for future contracts. State populations up 600 YoY.
- **Labor Market**: Favorable hiring environment with wage moderation, enabling efficient staff ramp-up at new facilities.


CXW

CXW fundamentals

You can ask Aime