secwatch.observer — SEC 8-K summary
======================================

Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-134855
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic Q1 revenue $500.7M (+9% YoY); raises adjusted net income guidance for FY 2024
--------------------------------------------------------------------------------

- Revenue $500.7M (up 9% YoY); net income $9.5M ($0.08 diluted EPS). Adjusted net income $27.9M ($0.25 adj. diluted EPS).
- Occupancy 75.2%, highest since Q1 2020. ICE revenue rose to $153.8M from $130.7M YoY.
- Repurchased 2.7M shares for $39.4M in Q1; net debt/Adj. EBITDA 2.7x, within target range.
- Issued $500M of 8.250% senior notes due 2029 to refinance 2026 notes; incurred $27.2M debt-related expenses.
- FY 2024 adj. net income guidance raised to $74-85M; adj. diluted EPS $0.66-0.76. California City lease expiration expected to reduce EPS by $0.15-0.16 for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524134855/0001193125-24-134855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524134855/d810606d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-134855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer