Quarterly ResultMay 7, 2026, 12:44 PM
CoreCivic Q1 Revenue $614.7M, Net Income $37.9M; EPS $0.38
AI Summary
CoreCivic reported strong first-quarter 2026 financial results with significant increases in revenue, net income, and earnings per share compared to the prior year. The company also continued its share repurchase program, buying back 2.3 million shares for $44.7 million, and increased its revolving credit facility usage. Cash and cash equivalents saw a substantial increase, while net cash from operating activities decreased. The accounting for the Farmville Detention Center acquisition was finalized during the quarter.
Key Highlights
- Q1 2026 Revenue increased to $614.7 million from $488.6 million in Q1 2025.
- Q1 2026 Net Income rose to $37.9 million from $25.1 million in Q1 2025.
- Basic and Diluted EPS for Q1 2026 were $0.38, up from $0.23 in Q1 2025.
- Repurchased 2.3 million common shares for $44.7 million in Q1 2026.
- Cash and cash equivalents increased to $209.7 million from $97.9 million (Dec 31, 2025).
- Total debt increased to $1.41 billion from $1.23 billion (Dec 31, 2025).
- Net cash provided by operating activities was $13.8 million, down from $44.5 million in Q1 2025.
- Acquisition of Farmville Detention Center for $71.3 million finalized in Q1 2026.
Price Impact
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