CoreCivic Q2 net income $14.8M, raises 2023 guidance; ICE populations up 45%

CoreCivic, Inc.

2023-Q2 EPS reported $0.24 revenue$921,684,000

Revenue $463.7M; diluted EPS $0.13; Adjusted EBITDA $72.1M.
Reduced debt by $34.1M, including $21.0M repurchase of 8.25% Senior Notes.
Raised FY2023 adjusted net income guidance to $59.5M-$67.5M (prior $53.5M-$65.5M).
New 6-year lease with Oklahoma DOC for Davis Correctional Facility; annual rent $7.5M.
ICE detention populations up 45% (+2,573 residents) since Title 42 ended in May 2023.

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