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Corecivic - CXW STOCK NEWS

Welcome to our dedicated page for Corecivic news (Ticker: CXW), a resource for investors and traders seeking the latest updates and insights on Corecivic stock.

Overview of CoreCivic (CXW)

CoreCivic Inc. is a diversified government-solutions company that has been addressing challenging public sector needs for more than 40 years. Operating primarily in the fields of corrections management, detention facilities, and residential reentry centers, CoreCivic delivers solutions designed to support high-quality operations in correctional and detention management while helping to reduce recidivism. As a publicly traded REIT and one of the nation's largest owners of government-related real estate, the company plays a pivotal role in providing cost-effective services to government partners.

Business Model and Core Segments

CoreCivic operates through a well-diversified business model segmented into three main categories:

  • Safety Segment: This segment includes the design, development, and management of correctional and detention facilities. Facilities under this category are either owned by CoreCivic or managed under long-term lease agreements. The company provides operational management ensuring safety, security, compliance, and efficiency, which builds upon its extensive experience in corrections management.
  • Community Segment: Focused on residential reentry centers, this segment addresses the significant public policy challenge of recidivism. By offering safe and structured reentry environments, CoreCivic supports community reintegration efforts and offers alternatives to traditional incarceration.
  • Properties Segment: As a real estate investment trust, CoreCivic also manages a portfolio of properties leased to government agencies and third-party entities. This segment leverages the company's longstanding expertise in real estate to provide government partners with versatile and cost-efficient property solutions.

Operational Excellence and Industry Position

CoreCivic’s success is built on decades of operational excellence and a deep understanding of government needs. The company consistently delivers flexible and reliable service by adapting its facilities and offering tailored solutions for governmental challenges. This includes managing high-quality correctional facilities that not only provide incarceration but also support broader reentry programs designed to aid public safety and reduce repeat offenses.

Expertise in Government Solutions

At its core, CoreCivic is driven by a commitment to high standards, professionalism, and service to the public good. The company has developed an advanced operational infrastructure to manage complex contractual relationships with government agencies. Its expertise spans beyond standard corrections management to include innovative government real estate solutions. This dual focus not only solidifies its position in the market but also allows the company to address multiple facets of public safety and operational efficiency.

Competitive Landscape and Differentiation

The competitive landscape in corrections management and government solutions involves several players, yet CoreCivic differentiates itself through scale, experience, and an adaptable business model. Rather than simply offering facility management services, CoreCivic provides integrated solutions that combine corrections, reentry services, and real estate expertise. This integrated approach enables it to be a dependable partner for government agencies seeking holistic solutions to control costs while maintaining high standards of operation.

Robust Operational Framework and Commitment to Quality

CoreCivic’s operational framework emphasizes:

  • Operational Efficiency: Through streamlined processes, robust facility management practices, and adherence to compliance standards, the company ensures that its facilities remain cost-effective and high-quality managed.
  • Scalability: With extensive experience in managing a large network of facilities, CoreCivic is capable of scaling its operations to meet evolving government requirements.
  • Innovation in Service Delivery: The company continuously adapts its service offerings to implement innovative solutions for government real estate and corrections management challenges, leveraging technology and operational best practices.

Market Significance and Strategic Insights

CoreCivic holds a significant position in the U.S. corrections and detention market as one of the largest private operators and REIT owners in the sector. Its contracts with government agencies underscore its role as a trusted provider for public safety solutions. CoreCivic operates in an environment where public and governmental expectations are high, and its longstanding relationships with state and federal agencies stand as a testament to its reliability and expertise.

Key Takeaways for Investors

Investors examining CoreCivic are likely to appreciate the company’s established market presence, diversified revenue streams, and the strategic advantage of being a comprehensive solutions provider within the government services industry. The clear segmentation of its business model allows for an in-depth understanding of how each part of its operations contributes to overall performance. Whether it is through the management of correctional and detention facilities or the provision of real estate solutions, CoreCivic demonstrates a robust capability to adapt and meet the rigorous demands of its governmental partners.

Conclusion

In summary, CoreCivic (CXW) offers an expansive portfolio of services centered on corrections, reentry, and government real estate solutions. Its long history, operational expertise, structured business segments, and consistent focus on service quality form the foundation of its significant market presence. For those seeking an in-depth look at how a diversified government-solutions company functions, CoreCivic serves as a prime example of effective management in a challenging and evolving industry.

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CoreCivic, Inc. (NYSE: CXW) plans to offer up to $450 million in senior notes due 2029 to fund a cash tender offer for its outstanding 2026 Notes. The offering is subject to market conditions and will be guaranteed by CoreCivic's subsidiaries. The company aims to use the proceeds, along with other sources, to complete the Tender Offer and potentially redeem any remaining 2026 Notes.
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CoreCivic, Inc. (CXW) announces strong business momentum heading into 2024 with three new management contracts signed, increase in overall utilization, and positive financial results for full year 2023. Despite a positive outlook, the company faces challenges such as the expected expiration of a lease for the California City Correctional Center and continued labor challenges.
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CoreCivic, Inc. (NYSE: CXW) will release its 2023 fourth quarter financial results on February 7, 2024, followed by a live conference call on February 8, 2024. Participants can join via telephone or access the webcast on the Company's website. A replay will be available for seven days.
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CoreCivic, Inc. (NYSE: CXW) announced new management contracts with the state of Wyoming and Harris County, Texas, to house male inmates at the Tallahatchie County Correctional Facility. These recent wins, including contracts with the State of Montana and Hinds County (MS), are anticipated to generate approximately $25 million in annual revenue. CoreCivic's President and CEO, Damon T. Hininger, highlighted the company's commitment to providing essential solutions to government agencies and the versatility of their real estate assets.
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CoreCivic, Inc. (NYSE: CXW) announced a new management contract with the state of Montana for up to 120 inmates at its Saguaro Correctional Facility in Eloy, Arizona. The contract commences immediately and ends on October 31, 2025, with the possibility of extension. The company anticipates completing the receipt of the inmates from Montana by December 31, 2023. This new contract reflects the attractiveness of CoreCivic's available bed capacity and the high level of service and trust for which the company is recognized.
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CoreCivic, Inc. (NYSE: CXW) announced its financial results for Q3 2023, reporting total revenue of $483.7 million. Net income was $13.9 million, or $0.12 per diluted share, compared to $68.3 million, or $0.58 per diluted share, in Q3 2022. Adjusted net income increased by 75% to $15.6 million, or $0.14 per diluted share. Adjusted EBITDA was $75.2 million, a 10% increase from Q3 2022.
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CoreCivic to release 2023 Q3 financial results on November 6, 2023
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CoreCivic increases bank credit facility to $400 million
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CoreCivic signs new management contract with Hinds County, Mississippi for up to 250 adult male pre-trial detainees at Tallahatchie County Correctional Facility. Continues to see increasing demand for correctional and detention solutions. Recently accepted 160 additional residents from Idaho. Signed contract extensions with Vermont, U.S. Immigration & Customs Enforcement, Texas Department of Criminal Justice, and Montana.
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CoreCivic, Inc. announces Q2 2023 financial results, reduces total debt by $34.1 million and increases full-year guidance.
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FAQ

What is the current stock price of Corecivic (CXW)?

The current stock price of Corecivic (CXW) is $22.1 as of April 15, 2025.

What is the market cap of Corecivic (CXW)?

The market cap of Corecivic (CXW) is approximately 2.3B.

What are the core business segments of CoreCivic?

CoreCivic operates through three primary segments: Safety, which involves corrections and detention facility management; Community, focused on residential reentry centers; and Properties, which manages government-leased real estate assets.

How does CoreCivic generate revenue?

The majority of CoreCivic's revenue is generated from long-term management contracts for corrections and detention facilities, combined with revenue from its portfolio of government-leased properties and reentry center operations.

What makes CoreCivic different from its competitors?

CoreCivic differentiates itself with its integrated approach to government solutions, combining corrections management, reentry services, and diversified real estate operations, all backed by decades of operational expertise.

What is the role of the Safety segment within the company?

The Safety segment focuses on the management of correctional and detention facilities. It is the primary revenue driver and includes facilities that are either owned by CoreCivic or managed via long-term agreements with government agencies.

How does the Community segment contribute to addressing recidivism?

The Community segment manages residential reentry centers, offering structured environments that support the reintegration of individuals into society, thereby helping to address the challenges of recidivism.

What type of properties does CoreCivic own under its Properties segment?

Under the Properties segment, CoreCivic owns a diverse portfolio of real estate assets leased to government agencies and third-party entities, providing flexible and cost-efficient solutions for government real estate needs.

Why is CoreCivic considered a significant player in its industry?

With over 40 years of experience, extensive operational infrastructure, and a diversified business model, CoreCivic has established itself as a reliable partner in government solutions, managing a large network of correctional and detention facilities nationwide.

How does CoreCivic ensure operational quality in its facilities?

CoreCivic emphasizes stringent operational standards, consistent compliance with government contracts, and continuous process improvements that maintain the efficiency and quality of its correctional, reentry, and property management services.
Corecivic

NYSE:CXW

CXW Rankings

CXW Stock Data

2.35B
106.43M
2.06%
92.68%
2.23%
Security & Protection Services
Real Estate Investment Trusts
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United States
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