other material
confidence high
sentiment positive
materiality 0.70
CoreCivic enters $500M accelerated share repurchase; updates FY2026 guidance
CoreCivic, Inc.
- $500M ASR with Dealer; initial delivery ~12.4M shares; payment Aug 10, 2026; settlement by Q2 2027.
- Remaining authorization ~$255.8M after ASR; program expanded to $755.8M on Aug 4, 2026.
- FY2026 guidance: Diluted EPS $15.62-15.82 (prior $15.00-15.20); Adjusted EPS $1.64-1.73 (prior $1.62-1.70).
- Net income guidance lowered to $1.492-1.511B (prior $1.497-1.516B); Adjusted EBITDA $434.5-439.5M (prior $440.5-445.5M).
- Guidance reflects reduced interest income from $500M cash deployment and lower share count.