North Fork Correctional Facility

CoreCivic Reports First Quarter 2024 Financial Results

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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

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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 Reports Third Quarter 2023 Financial Results

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월요일, 11월 6, 2023
McRae, CoreCivic, Federal Bureau of Prisons, Male, EPS, COVID-19, ICE, Bloomberg, Share repurchase, Debt-to-GDP ratio, Tallahatchie, Sale, Asset-backed security, Supplement, Tax, GAAP, Damon T. Hininger, Oklahoma Department of Corrections, Credit, National Debt Repayment Movement, CXW, Investment, Funds from operations, Crossroads Correctional Center, Note, Bank statement, Tallahatchie County Correctional Facility, Depreciation, Title 42 of the United States Code, Documentation, Fourth Amendment Protection Act, NYSE, Government, EBITDA, North Fork Correctional Facility, State, FFO, Environment, BOP, ODC, Bank, Video game, Car rental, Property management, Normalization

BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2023.

Key Points: 
  • BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2023.
  • Net income in the third quarter of 2023 totaled $13.9 million, or $0.12 per diluted share, compared with net income in the third quarter of 2022 of $68.3 million, or $0.58 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $72.8 million in the third quarter of 2023, compared with $147.9 million in the third quarter of 2022.
  • Based on current business conditions, we are providing the following update to our financial guidance for the full year 2023:

CoreCivic Receives Lease Termination Notice for the North Fork Correctional Facility from the State of Oklahoma

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화요일, 4월 25, 2023
ODC, North Fork Correctional Facility, COVID-19, Oklahoma Department of Corrections, Davis Correctional Facility, Employment, NYSE, CoreCivic, CXW, Lease

BRENTWOOD, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today it received notice from the Oklahoma Department of Corrections (ODC) of its intent to terminate the lease agreement for the company-owned, 2,400-bed North Fork Correctional Facility (NFCF) upon the lease expiration on June 30, 2023.

Key Points: 
  • BRENTWOOD, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today it received notice from the Oklahoma Department of Corrections (ODC) of its intent to terminate the lease agreement for the company-owned, 2,400-bed North Fork Correctional Facility (NFCF) upon the lease expiration on June 30, 2023.
  • The Company was also aware that since commencing the lease of the NFCF in 2016, other privately owned correctional capacity became available to the state of Oklahoma and impacted the competitive landscape for renewal of the Company's lease agreement.
  • The Company is also actively renegotiating the terms of its contract with the state of Oklahoma at the company owned-and-operated 1,670-bed Davis Correctional Facility, which is also set to expire on June 30, 2023.
  • The Company can provide no assurance that it will be successful in entering into an agreement with the state of Oklahoma for the continued use of the Davis Correctional Facility.