secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001193125-22-141373
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522141373/0001193125-22-141373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522141373/d327981d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-141373

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