secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001193125-24-028017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic reports Q4 net income $26.5M, EPS $0.23; FY2023 revenue $1.90B; provides 2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524028017/0001193125-24-028017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524028017/d780058d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-028017

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