Quarterly ResultAug 6, 2026, 12:16 PM
CoreCivic to Sell Facilities for $2.2B; Q2 Revenue +27%
AI Summary
CoreCivic reported strong revenue and EPS growth for the second quarter and year-to-date periods ended June 30, 2026, driven by strategic acquisitions. Q2 2026 revenue increased 27.3% to $684.9 million, while YTD basic EPS rose 31.0% to $0.76. The company also announced significant post-period divestments, including the sale of two detention facilities for an aggregate of $1.5 billion in July 2026 and two more for $734.0 million in August 2026, alongside debt repayments and ongoing share repurchases.
Key Highlights
- CoreCivic sold California City and Otay Mesa facilities for $1.5B in July 2026.
- Prairie and Midwest facilities sold for $734.0M in August 2026.
- Acquired Clinical Solutions Pharmacy for $199.8M in April 2026.
- Q2 2026 revenue increased 27.3% to $684.9M from $538.2M year-over-year.
- YTD 2026 revenue rose 26.6% to $1.30B from $1.03B year-over-year.
- YTD 2026 basic EPS increased 31.0% to $0.76 from $0.58 year-over-year.
- Repaid $100M Incremental Term Loan and will redeem $238.5M Senior Notes in July/August 2026.
- Repurchased $55.1M of common stock year-to-date June 30, 2026.
Price Impact
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