NYSEIndustrialsDiversified Support ServicesS&P SmallCap 600
$28.67
+0.44 (+1.56%)
Close of Nov 06, 2026 · end-of-day data
CXW 8-K filings, explained
Every material Form 8-K CoreCivic has filed with the SEC since March 07, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
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
CoreCivic completed the sale of its California City and Otay Mesa detention facilities to the Department of Homeland Security on July 2, 2026, for an aggregate gross price of $1.5 billion. The company expects net proceeds of approximately $1.1 billion after taxes and transaction expenses, which it plans to use mainly to repay debt, with the remainder for general corporate purposes that may include share repurchases.
California City Facility (2,560 beds) sold for $732.6 million and Otay Mesa Facility (1,994 beds) sold for $739.2 million, both completed July 2, 2026
Expected net proceeds of approximately $1.1 billion after approximately $0.4 billion in federal and state income taxes and transaction expenses
Plans to repay $270.0 million Revolving Credit Facility, $107.8 million Initial Term Loan, $100.0 million Incremental Term Loan, and remaining $238.5 million of 4.75% senior notes due October 2027
Expects to keep managing both facilities under existing ICE contracts, but ICE can terminate for non-appropriation or convenience; California City contract expires August 2027 and Otay Mesa contract expires December 2029
CoreCivic reported first-quarter 2026 net income of $37.9 million, or $0.38 per diluted share, up from $25.1 million, or $0.23, a year earlier, on revenue of $614.7 million. It raised full-year 2026 diluted EPS guidance to $1.51 to $1.61 from $1.49 to $1.59, and said the update includes its April 1, 2026 acquisition of Clinical Solutions Pharmacy, with an initial price of approximately $148.0 million.
Q1 2026 revenue was $614.7 million, up 25.8% from the prior year quarter; net income was $37.9 million, up 51.0%.
Adjusted diluted EPS was $0.40, up 73.9%, excluding $2.4 million of merger and acquisition expenses.
Full-year 2026 diluted EPS guidance was raised to $1.51 to $1.61; adjusted EBITDA guidance is $453.8 million to $461.8 million, up from $437.0 million to $445.0 million.
Guidance reflects a recent decrease in nationwide ICE populations, which the company says it believes is temporary.
CoreCivic entered a Second Amendment to its credit agreement on April 10, 2026, adding a $100 million Incremental Term Loan from existing lenders. The amended facility totals $800 million and the company expects to use the new loan to pay down part of its revolver and for working capital and general corporate purposes. The added debt is prepayable without penalty and matures in 364 days, which increases the company's borrowing while giving it more near-term liquidity.
Incremental Term Loan of $100 million, obtained from existing lenders on April 10, 2026
Amended Credit Facility totals $800 million: $125 million initial term loan, the $100 million incremental loan, and a $575 million revolver
Incremental Term Loan matures 364 days after the Second Amendment and carries a margin 25 bps above the initial term loan and revolver margin
Loan is prepayable without penalty; filing does not provide a tone-of-results or earnings figure
CoreCivic reported fourth-quarter 2025 revenue of $604.0 million, up 26% from a year earlier, and net income of $26.5 million, or $0.26 per diluted share, up from $0.17. The company also introduced full-year 2026 guidance calling for net income of $147.5 million to $157.5 million and diluted EPS of $1.49 to $1.59.
Q4 2025 net income $26.5 million ($0.26 diluted EPS) vs. $19.3 million ($0.17) in Q4 2024
Full-year 2025 revenue $2.2 billion, up 13%; net income $116.5 million, up 69%
2026 guidance: net income $147.5 million to $157.5 million; diluted EPS $1.49 to $1.59
Q4 2025 included $3.6 million of facility net operating losses at California City and Diamondback; $300.5 million remained under the buyback program at December 31, 2025
CoreCivic's Board appointed Daren Swenson, currently Senior Vice President and Chief Corrections Officer, as Executive Vice President and Chief Corrections and Reentry Officer, effective January 1, 2026. The filing sets his fiscal 2026 base salary at $515,000 and a short-term incentive target of 132% of base salary, and describes a restricted stock unit grant for 2026 that the company says is part of its regular compensation cycle.
Board appointment made on December 11, 2025; role takes effect January 1, 2026
Base salary of $515,000 for the fiscal year beginning January 1, 2026
Short-term cash incentive target equal to 132% of base salary, tied to goals to be set in the first quarter of 2026
Long-term grant of restricted stock units in the first quarter of 2026, expected to be 50% time-based and 50% performance-based, both over three years
CoreCivic amended its credit agreement, effective December 1, 2025, raising its revolving credit commitment by $300 million to $575 million, using $300 million of the accordion feature. The amended facility totals $700 million, including a $125 million term loan, and matures October 11, 2028. The company said the expansion adds balance sheet flexibility, and it made no additional borrowings in connection with the amendment.
Revolving credit commitment increased by $300 million to $575 million, effective December 1, 2025.
Amended facility totals $700 million: a $125 million term loan and a $575 million revolver, maturing October 11, 2028.
Per the press release, revolver borrowings outstanding were $165.0 million, letters of credit $18.6 million, and additional borrowing capacity $391.4 million after the amendment.
No additional borrowings were made in connection with the amendment, and the amendment did not change applicable margins.
CoreCivic reported third-quarter 2025 revenue of $580.4 million, up 18.1% from a year earlier, and net income of $26.3 million, or $0.24 per diluted share. It lowered its full-year 2025 guidance, citing start-up expenses at four newly contracted facilities that it expects to weigh on fourth-quarter results, while saying those facilities should support stronger 2026 results.
Q3 2025 net income was $26.3 million, or $0.24 per diluted share, compared with $21.1 million, or $0.19, in Q3 2024.
Full-year 2025 net income guidance was revised to $107.0 million to $113.0 million, down from $116.4 million to $124.4 million.
Full-year 2025 adjusted EBITDA guidance was revised to $355.0 million to $359.0 million, down from $365.0 million to $371.0 million.
In Q3 2025 the company repurchased 1.9 million shares for $40.0 million; $197.9 million of repurchase authorization remained as of September 30, 2025.
CoreCivic said CEO Damon Hininger will step down and leave the Board effective January 1, 2026, and President and COO Patrick Swindle will become CEO and join the Board. Hininger will serve as Special Advisor to the CEO and Chairman through March 31, 2027, and the filing sets Swindle's 2026 base salary at $900,000 with a $2,502,000 equity grant, which is a leadership change rather than a financial result.
Patrick Swindle succeeds Damon Hininger as CEO effective January 1, 2026; Hininger has served as CEO since August 17, 2009
Swindle's 2026 base salary is $900,000, with a short-term cash incentive target of 132% of base salary and a long-term equity grant valued at $2,502,000
Hininger's transition agreement runs through March 31, 2027, with base salary paid and 100% of his 2026 annual cash bonus for 2025 performance, and no new equity awards
CoreCivic reported second-quarter 2025 revenue of $538.2 million, up 9.8%, and diluted EPS of $0.35 versus $0.17 a year earlier. It raised its full-year 2025 guidance, with diluted EPS now expected at $1.08 to $1.15, up from $0.83 to $0.92, and adjusted EBITDA at $365.0 million to $371.0 million, up from $331.0 million to $339.0 million.
Q2 2025 revenue of $538.2 million, up 9.8%; net income of $38.5 million, up 103.4%
Full-year 2025 diluted EPS guidance raised to $1.08 to $1.15 from $0.83 to $0.92
Full-year 2025 adjusted EBITDA guidance raised to $365.0 million to $371.0 million from $331.0 million to $339.0 million
Company repurchased 2.0 million shares for $43.2 million in Q2 and closed the $67.0 million Farmville Detention Center acquisition on July 1, 2025
CoreCivic's board adopted an amended and restated executive severance and change-in-control plan on July 17, 2025, effective July 25, 2025. The changes lengthen the post-change-in-control protection period to 18 months, raise the CEO's non-change-in-control severance to 2 times the Severance Amount, and cut the change-in-control lump-sum multiplier for the CEO to 2.5 times and for other covered executives to 1.5 times.
Board adopted the amended plan on July 17, 2025, effective July 25, 2025, covering the CEO, CFO and executive vice presidents.
Change in Control Period extended to 18 months after a change in control.
CEO severance outside a change in control rises to 2 times the Severance Amount, which is base salary plus target annual cash bonus.
Change-in-control lump-sum multiplier cut from 2.99 times base salary to 2.5 times Severance Amount for the CEO and 1.5 times for other covered executives.
CoreCivic reported first-quarter 2025 net income of $25.1 million, or $0.23 per diluted share, up from $9.5 million, or $0.08, a year earlier, while revenue fell to $488.6 million from $500.7 million. The prior-year quarter included $27.2 million of debt refinancing expenses, and on an adjusted basis diluted EPS was $0.25 a year earlier, so adjusted EPS declined. The company raised its full-year 2025 net income guidance to $91.3 million to $101.3 million, reflecting reactivation of idle facilities under ICE agreements.
Q1 2025 revenue was $488.6 million, versus $500.7 million in Q1 2024; ICE revenue was $133.2 million, versus $153.8 million.
Q1 2025 net income was $25.1 million ($0.23 diluted EPS), versus $9.5 million ($0.08) in Q1 2024; Q1 2024 adjusted diluted EPS was $0.25.
Full-year 2025 net income guidance was raised to $91.3 million to $101.3 million from $53.5 million to $67.5 million; diluted EPS guidance rose to $0.83 to $0.92 from $0.48 to $0.61.
In Q1 2025 the company repurchased 1.9 million shares for $37.9 million, leaving $131.0 million of authorization as of March 31, 2025.
CoreCivic agreed under an amended intergovernmental services agreement with the City of Dilley, Texas and ICE to resume operations and care for up to 2,400 individuals at the South Texas Family Residential Center, and entered a new lease with Target Hospitality Corporation, the facility owner, over a period matching the ICE agreement. The company expects total annual revenue of about $180 million once the facility is fully activated and expects the award to be accretive to earnings beginning in the second quarter of 2025. The filing also adds three independent directors effective March 17, 2025, and reports that director Robert Dennis will not stand for re-election at the 2025 Annual Meeting.
Up to 2,400 individuals at the Dilley facility; amended IGSA expires in March 2030 and may be extended
Expected total annual revenue of about $180 million once fully activated, inclusive of medical services
S. Dawn Smith, Stacey Tank and Nina Tran join the Board effective March 17, 2025; Robert Dennis will leave at the 2025 Annual Meeting, reducing the Board to twelve
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CoreCivic filing is on SEC EDGAR ↗. 8-K briefs of other companies →