secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001193125-22-210626
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic Q2 net income $10.6M ($0.09 EPS); guidance cut on Title 42 delay, La Palma transition
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- Q2 2022 revenue $456.7M; adjusted diluted EPS $0.13 vs $0.25 YoY; adjusted EBITDA $78.8M down from $101.7M.
- Board increased share repurchase authorization by $75M to $225M; 4.2M shares bought for $50.6M at ~$12.13/share.
- Agreed to sell 1,978-bed McRae facility for $130M (expected Q3 close); also sold two California facilities and a land parcel.
- Full-year 2022 guidance: net income raised to $106.6-118.2M but adjusted net income lowered to $52-60M; cites Title 42 delay and La Palma transition extension.
- New $350M bank credit facility in May; repaid $124.1M Term Loan B; purchased $3.6M of 4.625% senior notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522210626/0001193125-22-210626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522210626/d371718d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-210626

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