secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001193125-24-252027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524252027/0001193125-24-252027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524252027/d860915d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-252027

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