Nov 4, 4:05 PM ET
CoreCivic reported third-quarter 2026 total revenue of $744.1 million, up 28.2% from a year earlier, and net income of $1.344 billion, which includes a $1.8 billion aggregate gain on the sale of four detention facilities to the U.S. Department of Homeland Security. Adjusted diluted EPS was $0.49 versus $0.24, and the company raised its full-year adjusted diluted EPS guidance but lowered its net income and diluted EPS guidance. The board also added $500.0 million to the share repurchase authorization, which now totals $1.7 billion.
- Q3 2026 total revenue $744.1 million, up 28.2% from the prior-year quarter
- Q3 diluted EPS $14.49 versus $0.24; adjusted diluted EPS $0.49 versus $0.24
- 2026 guidance: adjusted diluted EPS raised to $1.74 to $1.80 from $1.64 to $1.73; diluted EPS lowered to $15.42 to $15.48 from $15.62 to $15.82
- On November 3, 2026, board authorized an additional $500.0 million in buybacks; about $755.8 million remains available
Read the filing on SEC.gov ↗
Sep 25, 4:05 PM ET
CoreCivic CEO Patrick Swindle resigned as President, CEO and director effective September 24, 2026, due to health reasons. Lucibeth Mayberry, the company's Executive Vice President and Chief Strategy Officer, was named President and CEO and appointed to the Board on the same date, and she said she is committed to continuing the current capital allocation strategy.
- Swindle resigned as President, CEO and Board member effective September 24, 2026, due to health reasons.
- Mayberry, Executive Vice President and Chief Strategy Officer since May 2025, became President and CEO effective September 24, 2026, with an annual base salary of $900,000.
- Mayberry's short-term cash incentive target is 135% of her base salary; her 2027 long-term equity grant is about $2.5 million.
- Swindle will serve as Special Advisor through September 24, 2028, and will receive $2,293,270 in cash and an $8,059,609 lump sum in exchange for forfeited equity awards, subject to a release of claims.
Read the filing on SEC.gov ↗
Aug 5, 4:07 PM ET
CoreCivic completed the sale of its Prairie Correctional Facility in Minnesota and Midwest Regional Reception Center in Kansas to the U.S. Department of Homeland Security for an aggregate gross price of $734.0 million. The company expects net proceeds of approximately $522.5 million after about $182.2 million in federal and state income taxes and transaction costs, and plans to use them for general corporate purposes, which may include debt reduction and share repurchases. The company will still operate both facilities under existing ICE management contracts, but it provides no assurance those contracts will continue on the same terms.
- Prairie Correctional Facility (1,600 beds, Appleton, Minnesota) sold for $495.6 million; Midwest Regional Reception Center (1,033 beds, Leavenworth, Kansas) sold for $238.4 million.
- Expected net proceeds of approximately $522.5 million after estimated federal and state income taxes of approximately $182.2 million and transaction costs.
- Company expects to keep operating both facilities under existing ICE contracts, which expire in August 2031 (Prairie) and September 2027 (Midwest); ICE may terminate for non-appropriation or convenience.
- Discussions with ICE about acquiring additional facilities are at a preliminary stage, and no assurance of further sales was given.
Read the filing on SEC.gov ↗
Aug 5, 4:04 PM ET
CoreCivic reported second-quarter 2026 revenue of $684.9 million, up 27.3%, and diluted EPS of $0.37, up 5.7%, while net income fell 3.6% to $37.1 million. The company also sold four detention facilities to the federal government for $2.2 billion in gross proceeds and raised its share repurchase authorization by $500.0 million to $1.2 billion, with $755.8 million remaining.
- Q2 2026 total revenue was $684.9 million, up 27.3%; net income was $37.1 million, down 3.6%; diluted EPS was $0.37, up 5.7%
- Full-year 2026 adjusted EBITDA guidance was lowered to $440.5 million to $445.5 million from $453.8 million to $461.8 million
- Full-year 2026 diluted EPS guidance was updated to $15.00 to $15.20 from $1.51 to $1.61, largely reflecting an expected gain on the facility sales in the third quarter
- Four facilities were sold on July 2 and August 4, 2026, for $2.2 billion gross; the company expects to manage them under existing ICE contracts
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.