CoreCivic Q1 net income $19M, adjusted EPS $0.14; full-year guidance lowered

CoreCivic, Inc.

2022-Q1 EPS reported $0.16 revenue$452,988,000

Net income $19.0M ($0.16 diluted EPS) vs net loss of $125.6M in Q1 2021; adjusted diluted EPS $0.14 vs $0.24.
Adjusted EBITDA $80.8M vs $96.3M; decline driven by property sales, La Palma transition, and contract non-renewals.
Full-year 2022 guidance reduced: diluted EPS now $0.64-$0.79 (prior $0.72-$0.86); Adjusted EBITDA now $334-$349M (prior $355-$370M).
La Palma facility expected to generate $75-85M annual revenue once fully transitioned from ICE to Arizona contract by Q4 2022.
Net debt reduced ~$450M over past year; TTM debt leverage at 2.7x.

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