8-K
filed February 9, 2023, 6:59 PM ET
ticker CXW
CIK 0001070985
earnings
confidence high
sentiment neutral
materiality 0.65
CoreCivic reports Q4 net income $24.4M, reduces debt by $287M in 2022; issues FY 2023 guidance EPS $0.50-$0.65
CoreCivic, Inc.
2022-FY EPS reported
$1.03
revenue$1,845,329,000
- Q4 net income $24.4M ($0.21 diluted EPS) vs $28.0M ($0.23) in Q4 2021; adjusted diluted EPS $0.22 vs $0.27.
- Full year revenue $1.85B; net income $122.3M includes $54M special items; adjusted diluted EPS $0.57.
- Debt reduced by $287M in 2022; repaid $154M 4.625% Senior Notes in full on Feb 1, 2023.
- Repurchased 6.6M shares for $74.5M in 2022; $140.5M remaining under share repurchase program.
- FY 2023 guidance: net income $58M-$75M, diluted EPS $0.50-$0.65, EBITDA $298.5M-$313.5M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CoreCivic, Inc. reported Fourth Quarter 2022 results: revenue $471.4 million, net income $24.4 million, EPS $0.21.
- Period
- Fourth Quarter 2022
- Revenue
- $471.4 million
- Net income
- $24.4 million
- EPS
- $0.21
- Result
- reported results
Exact text from the filing
• Total revenue of $471.4 million • CoreCivic Safety revenue of $430.2 million • CoreCivic Community revenue of $27.0 million • CoreCivic Properties revenue of $14.2 million • Net Income of $24.4 million • Diluted earnings per share of $0.21
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
CoreCivic, Inc. updated its Full Year 2023 guidance (initiated).
- Period
- Full Year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Our full year 2023 financial guidance reflects the positive impact from having substantially completed the transition to the previously announced contract with the state of Arizona at our 3,060-bed La Palma Correctional Center in Arizona, which was disruptive to earnings and cash flow during 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CoreCivic, Inc. reported Full Year 2022 results: revenue $1.85 billion, net income $122.3 million, EPS $1.03.
- Period
- Full Year 2022
- Revenue
- $1.85 billion
- Net income
- $122.3 million
- EPS
- $1.03
- Result
- reported results
Exact text from the filing
• Total revenue of $1.85 billion • CoreCivic Safety revenue of $1.68 billion • CoreCivic Community revenue of $103.3 million • CoreCivic Properties revenue of $57.9 million • Net income of $122.3 million • Net income reflects $54.0 million of special items, including $57.1 million gain on the sale of our McRae Correctional Facility in Georgia, net of taxes, reflected in the third quarter of 2022 • Diluted earnings per share of $1.03
View on SEC.gov
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