CoreCivic reported third-quarter 2026 net income of $1,344.1 million, or $14.49 diluted EPS, driven primarily by a $1,770.7 million gain on the sale of four detention facilities for $2.2 billion in gross proceeds. The company used approximately $1.6 billion in net proceeds to repay over $700 million in debt and execute a $500 million accelerated share repurchase agreement. Adjusted diluted EPS was $0.49, up 104% year-over-year, as occupancy rose to 84.0%. Concurrently, the Board authorized an additional $500 million for its existing share repurchase program, bringing total authorization to $1.7 billion with $755.8 million remaining available. The filing also noted a leadership transition where Lucibeth Mayberry replaced Patrick Swindle as CEO due to health reasons. CoreCivic operates private correctional and detention facilities and provides government solutions.
