Federal Bureau of Prisons facilities in California

CoreCivic Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 3, 2023
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BRENTWOOD, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2023.

Key Points: 
  • BRENTWOOD, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2023.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $73.7 million in the first quarter of 2023, compared with $83.0 million in the first quarter of 2022.
  • Adjusted EBITDA was $73.7 million in the first quarter of 2023, compared with $80.8 million in the first quarter of 2022.
  • Based on current business conditions, we are providing the following update to our financial guidance for the full year 2023:

Beam Global Receives Multiple Orders from Correctional Facilities for EV ARC™ Off-Grid EV Charging Systems

Retrieved on: 
Tuesday, February 14, 2023
State, Government, Federal Bureau of Prisons facilities in California, Electricity, MAS, GSA, California Department, ARC, Risk, General Services Administration, DGS, EVS, Beam Suntory, EV, Beam, SAN, Census, Environment, California Department of General Services, Fireworks, Prison

“This is another excellent example of the unique and valuable attributes our rapidly deployed, low touch infrastructure products bring to the EV charging space,” said Beam Global CEO Desmond Wheatley.

Key Points: 
  • “This is another excellent example of the unique and valuable attributes our rapidly deployed, low touch infrastructure products bring to the EV charging space,” said Beam Global CEO Desmond Wheatley.
  • Sites with physical security concerns like correctional facilities—both public and private—need EV charging infrastructure without the risk that traditional installation projects introduce.
  • For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions please contact The Beam Team at 858-799-4583 or [email protected] .
  • Beam Global EV ARC™ off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responders.

CoreCivic Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, February 8, 2023
Depreciation, BOP, Credit management, GBA, GAAP, Tax, Federation, CXW, CoreCivic, Coronavirus, Note, Damon T. Hininger, Federal Bureau of Prisons facilities in California, Community, COVID-19, NYSE, Travel, EPS, Ageing, Government, Normalization, McRae Correctional Institution, Funds from operations, Bed, EBITDA, Line of credit, Sale, Economy, CARES Act, Debt-to-GDP ratio, Hand, FFO, Environment, Investment, Growth, Supplement, Share repurchase, Video game, Renewable energy, Bank, Real estate, Car rental

BRENTWOOD, Tenn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2022.

Key Points: 
  • BRENTWOOD, Tenn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2022.
  • Net income in the fourth quarter of 2022 totaled $24.4 million, or $0.21 per diluted share, compared with net income in the fourth quarter of 2021 of $28.0 million, or $0.23 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $87.0 million in the fourth quarter of 2022, compared with $97.0 million in the fourth quarter of 2021.
  • Adjusted EBITDA was $87.7 million in the fourth quarter of 2022, compared with $103.2 million in the fourth quarter of 2021.

CoreCivic Awarded New Contract with the State of Arizona at the La Palma Correctional Center

Retrieved on: 
Monday, January 10, 2022
United States Department of Justice, Communication, Acquisition, La Palma Correctional Facility, Bed, CoreCivic, Arizona Department, Documentation, Private prison, Legislation, REIT, Contract, Securities Exchange Act of 1934, Privatization, Justice, Federation, Policy, United States Marshals Service, Use, Adult, U.S. Securities and Exchange Commission, Internet, Private sector, Government, Security (finance), Partnership, Male, Solution, NYSE, Private Securities Litigation Reform Act, Company, DOJ, Professional, CXW, Federal Bureau of Prisons facilities in California, Arizona State Prison Complex – Florence, ICE, State, GLOBE, Rehabilitation, Medicine, Health insurance, Prison, COVID-19

BRENTWOOD, Tenn., Jan. 10, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has been awarded a new contract with the State of Arizona for up to 2,706 adult male inmates on behalf of the Arizona Department of Corrections, Rehabilitation & Reentry (ADCRR) at the Company's 3,060-bed La Palma Correctional Center in Eloy, Arizona.

Key Points: 
  • BRENTWOOD, Tenn., Jan. 10, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has been awarded a new contract with the State of Arizona for up to 2,706 adult male inmates on behalf of the Arizona Department of Corrections, Rehabilitation & Reentry (ADCRR) at the Company's 3,060-bed La Palma Correctional Center in Eloy, Arizona.
  • Upon full utilization of the new contract the Company expects to generate approximately $75 million to $85 million in annualized revenue.
  • "The new contract is the largest prison contract awarded to the private sector by any state in over a decade.
  • The La Palma Correctional Center currently supports the mission of Immigration and Customs Enforcement (ICE) by caring for approximately 1,900 detainees.

CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

Retrieved on: 
Tuesday, September 21, 2021
Government, DOJ, CoreCivic, Policy, Internet, Partnership, REIT, Trust, Employment, Solution, Justice, Use, Security (finance), Private Securities Litigation Reform Act, U.S. Securities and Exchange Commission, Privatization, United States Department of Justice, United States Marshals Service, New Mexico Corrections Department, Federation, Acquisition, Legislation, Company, Communication, Private sector, Professional, CXW, Documentation, Federal Bureau of Prisons facilities in California, Maintenance, Contract, Securities Exchange Act of 1934, Secretary of State of New Mexico, Northwest New Mexico Correctional Facility, Bed, NYSE, GLOBE, Airline, Property management, Risk management

BRENTWOOD, Tenn., Sept. 21, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has entered into a new three-year lease agreement with the State of New Mexico at the Company's 596-bed Northwest New Mexico Correctional Center.

Key Points: 
  • BRENTWOOD, Tenn., Sept. 21, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has entered into a new three-year lease agreement with the State of New Mexico at the Company's 596-bed Northwest New Mexico Correctional Center.
  • CoreCivic currently operates the Northwest New Mexico Correctional Center under a contract with New Mexico and will transition facility operations to the New Mexico Corrections Department when the new lease agreement commences on November 1, 2021.
  • The new lease agreement includes automatic extension options that could extend the term of the lease through October 31, 2041.
  • Including this new agreement, we lease five correctional facilities to five different states through our Properties segment.

CoreCivic Provides Update on U.S. Marshals Service Contract for the West Tennessee Detention Facility

Retrieved on: 
Friday, September 17, 2021
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Marshals Service (USMS) at the 600-bed West Tennessee Detention Facility in Mason, Tennessee that is scheduled to expire on September 30, 2021.

Key Points: 
  • Marshals Service (USMS) at the 600-bed West Tennessee Detention Facility in Mason, Tennessee that is scheduled to expire on September 30, 2021.
  • As a result, the Company does not expect the USMS to exercise its renewal option under the existing contract.
  • The Company has been actively marketing the facility to other government agencies, and in August 2021, the Company submitted a formal response to a government agency's request for proposal to utilize the West Tennessee Detention Facility.
  • However, the Company can provide no assurances that it will be successful in entering into a new contract with the government agency.

Introducing the first product in the Fast Flexible Cell corrections product line by Tate®: The Secure Video Visitation Booth

Retrieved on: 
Friday, August 13, 2021
Steel, Orientation, Business development, Prison, Kingspan Group, COVID-19, Research, Tate, Federal Bureau of Prisons facilities in California, Confidentiality, ADA, Safety, Solution, Industry, Nightclub, Video game console

The Secure Video Visitation Booth (SVVB) is a secure enclosure facilitating offender video conferencing.

Key Points: 
  • The Secure Video Visitation Booth (SVVB) is a secure enclosure facilitating offender video conferencing.
  • The product is the first in the Fast Flexible Cell product line, which was developed to deliver a variety of prefabricated, modular units to address the emerging needs of the corrections industry.
  • The SVVB modular units can replace in-person visits requiring confidentiality, including legal consultations, judicial hearings, mental competency hearings, telehealth appointments and family visitation.
  • Correctional customers globally are implementing permanent video conferencing systems and the Secure Video Visitation Booth is an ideal solution for those systems."