Earnings ·
CoreCivic reported second quarter 2026 total revenue of $684.9 million, a 27.3% increase year-over-year, driven by…
CXWCoreCivic, Inc.
CoreCivic reported second quarter 2026 total revenue of $684.9 million, a 27.3% increase year-over-year, driven by facility activations and higher populations. Net income was $37.1 million ($0.37 diluted EPS), while Adjusted EBITDA reached $109.4 million. Subsequent to the quarter-end, the company sold four detention facilities for gross proceeds of $2.2 billion, generating an aggregate gain on sale of approximately $1.8 billion. The Board authorized a $500 million increase to its share repurchase program, raising total authorization to $1.2 billion. Additionally, CoreCivic redeemed $238.5 million in senior notes and paid down portions of its credit facility using net proceeds from the sales. Full-year 2026 guidance was significantly updated upward to reflect these transactions. CoreCivic operates private correctional facilities and provides related government services.