secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001193125-23-135094
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 $12.4M, EPS $0.11; cuts FY23 guidance on Oklahoma contract losses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312523135094/0001193125-23-135094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312523135094/d269568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-135094

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