California City Correctional Facility

CoreCivic Reports First Quarter 2024 Financial Results

Retrieved on: 
수요일, 5월 8, 2024
Supplement, Acceleration, North Fork Correctional Facility, State, Travel, California Department, Depreciation, Rehabilitation, Hand, ICE, CXW, Federal, ODC, Corrections, FFO, Documentation, Tax, Local, COVID-19, Nursing, EPS, Share repurchase, California City Correctional Facility, CoreCivic, Bank statement, GAAP, Funds from operations, Note, Security (finance)

BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024. Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024. Propelled by 75.2% occupancy – our highest level since the first quarter of 2020 – CoreCivic generated sturdy margins and year-over-year growth in our key metrics. Revenue increased 9% versus the first quarter of 2023, with Federal, State, and Local revenues all increasing, and our cost-management initiatives also contributed to our favorable results.”

Key Points: 
  • BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024.
  • Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024.
  • Adjusted EBITDA, which excludes special items, was $89.5 million in the first quarter of 2024, compared with $73.7 million in the first quarter of 2023.
  • Based on current business conditions, we are providing the following updated financial guidance for the full year 2024:

CoreCivic Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
수요일, 2월 7, 2024
EPS, Travel, California Department, ICE, Coronavirus, Economy, Net, North Fork Correctional Facility, Tallahatchie County Correctional Facility, CoreCivic, Rehabilitation, California City Correctional Facility, Share repurchase, CXW, Note, Corrections, ODC, Bloomberg, Funds from operations, Credit, Depreciation, State, Crossroads Correctional Center, FFO, Supplement, Government, Tax, Debt-to-GDP ratio, Documentation, Bed, COVID-19, GAAP, Tallahatchie, Investment, Bank statement, Property management

BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023. 

Key Points: 
  • BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023.
  • Commenting on financial results for the quarter, Hininger added, "We are pleased with CoreCivic's financial performance for 2023, as we exceeded the financial guidance for the fourth quarter we provided in November 2023, and ended up in the top half of the financial guidance range we provided in February 2023 for Net income, Diluted EPS, FFO per diluted share and EBITDA.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $90.1 million in the fourth quarter of 2023, compared with $87.0 million in the fourth quarter of 2022.
  • Adjusted EBITDA, which excludes special items, was $90.0 million in the fourth quarter of 2023, compared with $87.7 million in the fourth quarter of 2022.

CoreCivic Receives Lease Termination Notice for the California City Correctional Center from the State of California

Retrieved on: 
수요일, 12월 7, 2022
Electricity, Internet, NYSE, Government, California Department, California City Correctional Facility, Prison, CoreCivic, CCCC, Imprisonment, Ohio Department of Rehabilitation and Correction, Professional, CXW, CDCR, Partnership, Property management, Risk management, Rehabilitation

The lease agreement is fully funded through the current fiscal year ending June 30, 2023.

Key Points: 
  • The lease agreement is fully funded through the current fiscal year ending June 30, 2023.
  • The Company believes these factors, along with the advanced age of many of the state of California's other correctional facilities, support the continued lease of the CCCC by the CDCR.
  • CoreCivic is very proud of its opportunity over the past nine years to help the state of California successfully manage through its historic challenges with prison overcrowding.
  • CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways.

California Department of Corrections and Rehabilitation, the Largest State Criminal Justice Agency in the United States, Implements eSOPH Background Investigation System by Miller Mendel

Retrieved on: 
화요일, 1월 26, 2021
California Department of Corrections and Rehabilitation, Prisons in California, Law enforcement in the United States, California, States of the United States, California City Correctional Facility, Incarceration in California

SACRAMENTO, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Today, the California Department of Corrections and Rehabilitation (CDCR) transitioned to eSOPH, the industry-leading background investigation software system by Miller Mendel.

Key Points: 
  • SACRAMENTO, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Today, the California Department of Corrections and Rehabilitation (CDCR) transitioned to eSOPH, the industry-leading background investigation software system by Miller Mendel.
  • eSOPH is specifically designed for law enforcement background investigations of applicants seeking employment in the criminal justice field.
  • By implementing eSOPH, CDCR will reduce their background investigation time by approximately 50% and gain access to tools and other cost-saving efficiencies.
  • The California Department of Corrections and Rehabilitation (CDCR) is the state agency in California responsible for the state prison and parole system.

California Department of Corrections and Rehabilitation, the Largest State Criminal Justice Agency in the United States, Implements eSOPH Background Investigation System

Retrieved on: 
화요일, 1월 26, 2021
California Department of Corrections and Rehabilitation, Prisons in California, States of the United States, California City Correctional Facility

SACRAMENTO, Calif., Jan. 26, 2021 /PRNewswire/ --Today, the California Department of Corrections and Rehabilitation (CDCR) transitioned to eSOPH, the industry-leading background investigation software system by Miller Mendel.

Key Points: 
  • SACRAMENTO, Calif., Jan. 26, 2021 /PRNewswire/ --Today, the California Department of Corrections and Rehabilitation (CDCR) transitioned to eSOPH, the industry-leading background investigation software system by Miller Mendel.
  • By implementing eSOPH, CDCR will reduce their background investigation time by approximately 50% and gain access to tools and other cost-saving efficiencies.
  • The CDCR will also be utilizing the integrated social media screening service, Experian credit report service, and the eSOPH smart fax service.
  • The California Department of Corrections and Rehabilitation (CDCR) is the state agency in California responsible for the state prison and parole system.