CoreCivic Q3 net income up 52% to $21.1M; raises full-year guidance

CoreCivic, Inc.

2024-Q3 EPS reported $0.44 revenue$1,482,353,000

Revenue $491.6M (+2% YoY); net income $21.1M ($0.19 diluted EPS); adjusted EPS $0.20.
Normalized FFO per share $0.43 (+23% YoY); compensated occupancy 75.2% vs 72.0% prior year.
FY2024 guidance raised: net income now $55.5M–$61.5M, adjusted net income $78M–$84M.
ICE revenue down 3.4% YoY due to South Texas contract termination; ex-South Texas up 10.9%.
Net debt/Adjusted EBITDA at 2.2x (below target 2.25x–2.75x); share repurchases paused to prioritize debt reduction.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.