CoreCivic Q3 adjusted EPS up 75% to $0.14; raises full-year guidance

CoreCivic, Inc.

2023-Q3 EPS reported $0.36 revenue$1,405,389,000

Adjusted net income $15.6M ($0.14 diluted EPS) vs $9.7M ($0.08) YoY, up 75%.
Total revenue $483.7M; Safety $443.3M, Community $29.8M, Properties $10.5M.
Adjusted EBITDA $75.2M (+10% YoY); repaid $137.7M debt YTD; new $400M credit facility to 2028.
New management contract with Hinds County, MS (up to 250 detainees) and Montana intent (up to 120 inmates).
Raised FY 2023 guidance: Adjusted Diluted EPS $0.54-$0.60 (prior $0.52-$0.59); Adjusted EBITDA $302.5-$306.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CoreCivic, Inc. reported third quarter of 2023 results: revenue $483.7 million, net income $13.9 million, EPS $0.12.

Period: third quarter of 2023
Revenue: $483.7 million
Net income: $13.9 million
EPS: $0.12
Result: reported results

Exact text from the filing

epurchases.” Financial Highlights – Third Quarter 2023 • Total revenue of $483.7 million • CoreCivic Safety revenue of $443.3 million • CoreCivic Community revenue of $29.8 million • CoreCivic Properties revenue of $10.5 million • Net Income of $13.9 million • Diluted earnings per share of $0.12 • Adjusted Diluted EPS of $0.14 • Normalized Funds From Operations per diluted share of $0.35 • Adjusted EBITDA of $75.2 million Third Quarter 2023 Financial Results Compared With Third Quarter 2022 Net income in the third quarter of 2023 totaled $13.9 million, or $0.12 per diluted share, compared with net income in the third quarter of 2022 of

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CoreCivic, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-271869

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