BuybackAug 10, 2026, 08:18 AM
CoreCivic Announces $500M Accelerated Share Repurchase, Updates Guidance
AI Summary
CoreCivic, Inc. announced it has entered into a $500 million Accelerated Share Repurchase (ASR) agreement with a financial institution. This ASR is part of the company's recently expanded $755.8 million share repurchase program, with approximately $255.8 million remaining after the ASR's completion. The company expects an initial delivery of about 12.4 million shares and anticipates final settlement by the end of Q2 2027. As a result of the ASR, CoreCivic has updated its full-year 2026 financial guidance, increasing its diluted EPS and FFO per diluted share outlook.
Key Highlights
- CoreCivic entered into a $500 million Accelerated Share Repurchase (ASR) agreement.
- The ASR is part of an existing $755.8 million share repurchase program.
- The company expects an initial delivery of approximately 12.4 million shares.
- Updated 2026 Diluted EPS guidance is $15.62 to $15.82, up from $15.00 to $15.20.
- Updated 2026 Adjusted Diluted EPS guidance is $1.64 to $1.73, up from $1.62 to $1.70.
- Updated 2026 FFO per diluted share guidance is $2.66 to $2.75, up from $2.59 to $2.68.
- Updated 2026 Normalized FFO per diluted share guidance is $2.68 to $2.77, up from $2.61 to $2.70.
Price Impact
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