CXW News & Events

Reports Q1 revenue $614.73M, consensus $608.17M. Patrick Swindle, CoreCivic's President and Chief Executive Officer, commented, "Our strong first quarter financial results were driven by the activation of four previously idled facilities since the first quarter of 2025. We anticipate increased demand from our federal, state, and local government partners in the second half of the year after a recent downturn due to enforcement redeployments and overall strategy adjustments within the Department of Homeland Security. We are well-positioned to meet demand given our readily available capacity, in both existing and idle facilities."

Consensus $1.61. Raises FY26 adjusted EBITDA view to $453.8M-$461.8M from $437M-$445M. The company said, "Our guidance has been updated to include the acquisition of CSP and activation of the Midwest Regional Reception Center, which successfully obtained an SUP and began receiving detainee populations in March 2026. Our guidance has also been updated to reflect a recent decrease in nationwide ICE populations compared with our prior guidance, due to enforcement redeployments and overall strategy adjustments within DHS, which we believe is temporary."