earnings
confidence high
sentiment positive
materiality 0.75
CoreCivic reports Q4 net income $26.5M, EPS $0.23; FY2023 revenue $1.90B; provides 2024 outlook
CoreCivic, Inc.
2023-FY EPS reported
$0.59
revenue$1,896,635,000
- Full year 2023 revenue $1.90B, net income $67.6M, diluted EPS $0.59, adjusted diluted EPS $0.61.
- Q4 2023 net income $26.5M ($0.23 diluted EPS); adjusted EBITDA $90.0M, up from $87.7M in Q4 2022.
- Occupancy improved to 74% in Q4 2023, highest since Q2 2020; signed three new management contracts (MT, WY, Harris County).
- Repurchased 3.5M shares in FY2023 at $38.1M; reduced debt $157.8M; leverage ratio 2.8x.
- FY2024 guidance: net income $65-80M, diluted EPS $0.58-0.72, EBITDA $300-313M.