CoreCivic Q2 adj. EPS $0.38 beats; sells 4 facilities for $2.2B; expands buyback by $500M

CoreCivic, Inc.

• Q2 revenue $684.9M (+27.3% YoY); adj. diluted EPS $0.38 (+5.6% YoY); occupancy 78.4% vs 76.8%.
• Sold four detention facilities to U.S. government for $2.2B gross; gain on sale ~$1.8B; net proceeds ~$1.6B.
• Board authorized additional $500M share repurchase, increasing total authorization to $1.2B; $755.8M remaining.
• Used $1.1B of proceeds to repay revolver, term loan, and redeem $238.5M of 4.75% senior notes due 2027.
• Updated 2026 guidance: adj. diluted EPS $1.62-$1.70 (up from $1.53-$1.63); includes Prairie Facility activation.