---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-135094"
form_type: "8-K"
ticker: "CXW"
cik: "0001070985"
company_name: "CoreCivic, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:46:16.972451+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CoreCivic Q1 net income $12.4M, EPS $0.11; cuts FY23 guidance on Oklahoma contract losses

## Summary
- Revenue $458.0M; net income $12.4M ($0.11 diluted EPS); adjusted diluted EPS $0.13.
- FY23 guidance lowered: net income $51.2-63.2M (from $58-75M); normalized FFO $1.31-1.42/share.
- Repurchased 2.5M shares for $24.9M; redeemed $153.8M of 4.625% Senior Notes due 2023; no debt maturities until 2026.
- Guidance cut reflects non-renewal of North Fork lease (expiring June 30) and potential loss of Davis Correctional contract.
- Sold two Philadelphia reentry centers for $5.8M on May 2; also marketing a Denver facility.

## SEC filing metadata
- accession: 0001193125-23-135094
- form_type: 8-K
- ticker: CXW
- cik: 0001070985
- company_name: CoreCivic, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070985/000119312523135094/0001193125-23-135094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070985/000119312523135094/d269568d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-135094
- JSON: https://secwatch.observer/filing/0001193125-23-135094.json
- Plain text: https://secwatch.observer/filing/0001193125-23-135094.txt

## Key facts
- Earnings Releases
  CoreCivic, Inc. reported the first quarter of 2023 results: revenue $458.0 million, net income $12.4 million, EPS $0.11.
  - Period: the first quarter of 2023
  - Revenue: $458.0 million
  - Net income: $12.4 million
  - EPS: $0.11
  - Result: reported results
  source text: Financial Highlights – First Quarter 2023 • Total revenue of $458.0 million • CoreCivic Safety revenue of $417.7 million • CoreCivic Community revenue of $26.4 million • CoreCivic Properties revenue of $13.8 million • Net Income of $12.4 million • Diluted earnings per share of $0.11
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070985/000119312523135094/0001193125-23-135094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.