| CoreCivic, Inc. (CXW) Q1 2025 Earnings Call Transcript |
CoreCivic, Inc. (NYSE:CXW ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Michael Grant - MD, IR Damon Hininger - CEO Patrick Swindle - President & COO David Garfinkle - CFO Brian Hammonds - VP, Finance Conference Call Participants Joe Gomes - Noble Capital Jay McCanless - Wedbush M. Marin - Zacks Greg Gibas - Northland Securities Benjamin Briggs - StoneX Financial Kirk Ludtke - Imperial Capital Jordan Hymowitz - Philadelphia Financial Management of San Francisco Operator Good day and thank you for standing by. |
seekingalpha.com |
2025-05-08 21:07:10 |
Czytaj oryginał (ang.) |
| CoreCivic Reports First Quarter 2025 Financial Results |
Increased Occupancy and New Contracts Propel Strong Financial Performance Raises 2025 Full Year Guidance Increased Occupancy and New Contracts Propel Strong Financial Performance Raises 2025 Full Year Guidance |
globenewswire.com |
2025-05-07 20:15:00 |
Czytaj oryginał (ang.) |
| ICE Opens New Immigrant Detention Center In NJ – Despite State Ban |
NEWARK, NJ — U.S. Immigration and Customs Enforcement (ICE) has begun housing prisoners at a controversial new immigration detention facility in New Jersey’s largest city, the agency says. On Monday, a spokesperson confirmed that ICE started housing detainees at Delaney Hall in Newark on May 1. No data was immediately available about how many detainees are currently at the facility – which has seen harsh criticism and protest from immigrant rights advocates and local officials. Updates statistics that could include Delaney Hall will be available within the coming weeks at the federal agency’s enforcement data website, ICE spokespeople told Patch. The mayor’s office is planning to hold a news conference to discuss updates on Delaney Hall on Monday morning. Check back for updates. In February, federal officials announced plans to reopen Delaney Hall in Newark. The 1,000-bed facility will be the first federal detention center to open under President Donald Trump’s second term. Read More: ICE Detention Center In NJ Is First To Open Under Trump's New Term The move will allow ICE to expand its detention capacity in the Northeast region of the country. It will also aid with deportations. Trump has insisted that a nationwide crackdown is needed to push back against a “large-scale invasion” of illegal immigration. “This cannot stand,” Trump said after being inaugurated for his second term. “A nation without borders is not a nation, and the federal government must act with urgency and strength to end the threats posed by an unsecured border.” The facility’s owner, the GEO Group – one of the largest private prison companies in the nation – was recently awarded a 15-year contract that it valued at $1 billion to run the new detention center. “We are continuing to prepare for what we believe is an unprecedented opportunity to help the federal government meet its expanded immigration enforcement priorities,” GEO Group executive chair George Zoley said. Meanwhile, advocates have argued that the reopening of Delaney Hall – which formerly held immigration detainees until it closed in 2017 and was turned into a halfway house – is a severe blow to constitutional rights. It’s also a violation of New Jersey state law, advocates say. Under a 2021 state law, all prisons in New Jersey – public or private – are banned from making new contracts with ICE to hold federal detainees. Prisons also can’t expand or renew old agreements. The law has seen pushback since Gov. Phil Murphy signed it in 2021, however. The GEO Group and CoreCivic – which runs the Elizabeth Detention Center in Union County – have challenged the state ban in court. The administration of former president Joe Biden took the side of private prison companies in that case, arguing that ICE needed detention centers near airports to expedite operations. A judge ruled in 2023 that CoreCivic could keep its jail in Elizabeth open. Federal authorities and prison companies are now seeking to add more detention space in New Jersey, despite the state’s ban. Trump’s immigration crackdown will likely create a massive profit for the GEO Group and CoreCivic. According to the GEO Group, the 15-year, fixed-price contract for Delaney Hall is expected to generate in excess of $60 million in annualized revenues for GEO in the first full year of operations. The company estimated the 15-year value of the contract with normal cost of living adjustments to be approximately $1 billion. According to Open Secrets, the GEO Group spent $1.38 million lobbying the federal government in 2024, and CoreCivic spent $1.77 million. Much of their focus was the appropriations bill funding the Department of Homeland Security, which includes the budget for ICE. The day after Trump was reelected to his second term, the companies’ stock prices soared: GEO Group’s by about 41 percent and CoreCivic’s by nearly 29 percent. The reopening of Delaney Hall has seen a vocal outcry from immigrant rights supporters and some North Jersey residents. Hundreds of people gathered outside the facility in March, demanding that ICE put the reopening on ice. “Nearly 25 percent of New Jersey’s population are immigrants,” an advocate charged. “ICE has no place here.” Activists have continued to defend the state’s 2021 ban on ICE prison contracts, rallying in Philadelphia at a federal Third Circuit Court on May 1 to fight back against detention expansion in New Jersey. “Mass detention is a cruel, failed system that inflicts irreparable harm on our communities – it has no place in our state,” urged Amy Torres, executive director of the New Jersey Alliance for Immigrant Justice. “Our communities are watching, and we won’t stop until the ICE detention ban is fully defended and upheld,” agreed Eliana Fernandez, director of organizing at Make the Road New Jersey. The reopening of Delaney Hall has also seen pushback from city officials, who issued a “stop work” order in late March. Newark Mayor Ras Baraka accused ICE of opening the facility “without following proper building safety protocols” and without the necessary construction permits, continued certificates of occupancy and requests to change the building’s use. “They failed to give city officials access to conduct inspections required under municipal ordinances and state code,” the mayor alleged. “This violates city and state law.” The march towards reopening Delany Hall has continued despite this opposition, with ICE slamming the city’s legal pushback as “aggressive and legally unjustified.” Although the focus on federal immigration enforcement has ramped up since Trump took office, ICE raids also took place in New Jersey during Biden’s watch. Read More: NJ Activists Say Biden’s Playbook On Immigration Is Similar To Trump’s A major immigration sweep took place in North Jersey the week before Trump’s inauguration, with ICE’s Newark field office arresting 33 non-citizens who have committed or been accused of crimes. Read More: Newark ICE Office Makes 33 Arrests, Deportations Loom The Newark field office is located at 970 Broad Street, and processes federal detainees from across the state. Prior to New Jersey’s ban on ICE contracts took effect, hundreds of people were being arrested and deported from the office every month. Read More: ICE In NJ Deported 500 People From Country In 3 Months, Feds Say Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site. |
https://www.patch.com |
2025-05-05 18:36:49 |
Czytaj oryginał (ang.) |
| Top 3 Industrials Stocks That May Plunge This Month |
As of April 16, 2025, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. |
benzinga.com |
2025-04-16 12:37:35 |
Czytaj oryginał (ang.) |
| CoreCivic Announces 2025 First Quarter Earnings Release and Conference Call Dates |
BRENTWOOD, Tenn., April 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2025 first quarter financial results after the market closes on Wednesday, May 7, 2025. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, May 8, 2025. |
globenewswire.com |
2025-04-07 19:10:00 |
Czytaj oryginał (ang.) |
| CoreCivic Appoints Dawn Smith, Stacey Tank, and Nina Tran to Its Board of Directors |
BRENTWOOD, Tenn., March 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that, effective March 17, 2025, Dawn Smith, Stacey Tank, and Nina Tran will be appointed as independent members of the Company's Board of Directors (the Board), expanding the Board from eleven to fourteen directors, thirteen of whom have been determined by the Board to be independent. CoreCivic's new board members are expected to join various board committees in the future. |
globenewswire.com |
2025-03-07 18:15:00 |
Czytaj oryginał (ang.) |
| CoreCivic Announces Resumption of Operations at South Texas Family Residential Center in Dilley, Texas |
BRENTWOOD, Tenn., March 05, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has agreed under an amended intergovernmental services agreement (IGSA) between the City of Dilley, Texas, and U.S. Immigration and Customs Enforcement (ICE) to resume operations and care for up to 2,400 individuals at the South Texas Family Residential Center in Dilley, Texas (the Dilley Facility). Simultaneously, CoreCivic has entered into a new lease agreement with Target Hospitality Corporation (Target), the owner of the facility, over a period co-terminus with the ICE agreement. |
globenewswire.com |
2025-03-05 18:15:00 |
Czytaj oryginał (ang.) |
| CoreCivic Announces Four New Contract Modifications to Add Capacity for U.S. Immigration and Customs Enforcement |
BRENTWOOD, Tenn., Feb. 27, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has entered into contract modifications to add capacity for up to a total of 784 detainees from U.S. Immigration and Customs Enforcement ("ICE") at its 2,016-bed Northeast Ohio Correctional Center, its 1072-bed Nevada Southern Detention Center, and its 1,600-bed Cimarron Correctional Facility in Oklahoma. In addition, CoreCivic has obtained a contract modification to specify that ICE may use up to 252 beds at its 2,672-bed Tallahatchie County Correctional Facility in Mississippi. |
globenewswire.com |
2025-02-27 10:00:00 |
Czytaj oryginał (ang.) |
| CoreCivic: Analysts Fear Is Unwarranted (Rating Upgrade) |
CoreCivic experienced significant volatility due to unwarranted Analysts fear and sector concerns, presenting a buying opportunity. Despite recent weak guidance for 2025, CoreCivic's management expressed optimism about future growth, particularly with ICE and the US Marshals Service. Q4 2024 results showed a decline in net income due to contract termination, but overall fiscal performance remained strong with $2 billion in revenue. |
seekingalpha.com |
2025-02-21 15:58:52 |
Czytaj oryginał (ang.) |
| CoreCivic, Inc. (CXW) Q4 2024 Earnings Call Transcript |
CoreCivic, Inc. (NYSE:CXW ) Q4 2024 Earnings Call Transcript February 11, 2025 11:00 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - Chief Executive Officer and Director David Garfinkle - Executive Vice President and Chief Financial Officer Patrick Swindle - President and Chief Operating Officer Conference Call Participants Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities M. Marin - Zacks Investment Research, Inc. Kirk Ludtke - Imperial Capital, LLC Jay McCanless - Wedbush Securities Ben Briggs - StoneX Financial Operator Thank you for standing by. |
seekingalpha.com |
2025-02-11 21:54:02 |
Czytaj oryginał (ang.) |
| CoreCivic's New Contracts On Focus, Analyst Sees Revenue Opportunities In 2026 |
JonesResearch analyst Jason Weaver reiterated the Buy rating and price forecast of $28 for CoreCivic, Inc. CXW following fourth-quarter results reported yesterday. |
benzinga.com |
2025-02-11 15:46:09 |
Czytaj oryginał (ang.) |
| CoreCivic Reports Fourth Quarter and Full Year 2024 Financial Results |
Higher Occupancy and Cost Management Drive Strong Financial Performance Establishes 2025 Full Year Guidance |
globenewswire.com |
2025-02-10 18:15:00 |
Czytaj oryginał (ang.) |
| CoreCivic: The Picture Has Changed, But The Rating Hasn't |
CoreCivic's stock surged 60.7% due to a favorable political climate, despite earlier setbacks from contract losses under the previous administration. The company's revenue and profitability have improved, driven by higher occupancy rates and lower variable expenses, making it near the low end of fair value. With significant contracts from ICE and USMS, CoreCivic stands to benefit from increased government investments in detention facilities under the current administration. |
seekingalpha.com |
2025-02-05 09:30:00 |
Czytaj oryginał (ang.) |
| CoreCivic: An Undervalued Opportunity In The Private Prison Sector |
CoreCivic's share price lags behind GEO Group, but it has a stronger balance sheet, stable cash flows, and an attractive valuation. CoreCivic has reduced its debt significantly, allowing for share buybacks, which can support the share price and offer growth potential. GEO Group benefited from a short squeeze, driving up its share price, but CoreCivic offers a better valuation with a P/B ratio of 1.5x versus 3.3x. |
seekingalpha.com |
2025-02-04 07:19:49 |
Czytaj oryginał (ang.) |
| CoreCivic Expands Montana Relationship With New Contract And Additional Bed Utilization |
BRENTWOOD, Tenn., Jan. 16, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it has been awarded a new management contract with the state of Montana to care for additional inmates outside the state of Montana, with 240 inmates anticipated to arrive at our 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi during the first quarter of 2025. During January 2025, CoreCivic also received an additional 120 Montana inmates at the Company's 1,896-bed Saguaro Correctional Facility in Eloy, Arizona, under an existing contract with the state of Montana. |
globenewswire.com |
2025-01-16 18:15:00 |
Czytaj oryginał (ang.) |
| CoreCivic Announces 2024 Fourth Quarter Earnings Release and Conference Call Dates |
BRENTWOOD, Tenn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 fourth quarter financial results after the market closes on Monday, February 10, 2025. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Tuesday, February 11, 2025. |
globenewswire.com |
2025-01-13 18:16:00 |
Czytaj oryginał (ang.) |
| Trump's plan for mass deportation could have a big effect on prices |
Some experts say there is really nothing the government can do about high food prices. |
cnbc.com |
2025-01-11 11:00:01 |
Czytaj oryginał (ang.) |
| CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating Officer |
BRENTWOOD, Tenn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that CoreCivic's Board of Directors (the "Board") has appointed Patrick Swindle, who currently serves as CoreCivic's Executive Vice President and Chief Operating Officer, to President and Chief Operating Officer, effective January 1, 2025. |
globenewswire.com |
2024-12-16 09:00:00 |
Czytaj oryginał (ang.) |
| Trump's 'Very Tough' Mass Deportation Vow Fuels Prison Stock Rally |
Trump's immigration crackdown could raise need for ICE detention beds and renew a lost contract. CoreCivic offers early entry. |
investors.com |
2024-12-10 14:53:44 |
Czytaj oryginał (ang.) |
| Top 3 prison stocks to buy for 2025 Trump presidency |
Following the victory of GOP candidate Donald Trump in the 2024 Presidential election, private prison stocks experienced a notable surge to the upside. |
finbold.com |
2024-12-06 12:27:47 |
Czytaj oryginał (ang.) |
| An Options Trader's Guide to Election Day Fallout |
Subscribers to Chart of the Week received this commentary on Sunday, October 27. |
schaeffersresearch.com |
2024-11-12 13:21:43 |
Czytaj oryginał (ang.) |
| These Stocks Are Outperforming Tesla As The Biggest Trump Trade Winners |
Tesla may be the highest-profile stock market winner over the last week, but there are several stocks which have outperformed the Elon Musk-led car company thanks to similar optimism about macro conditions under the incoming administration. |
forbes.com |
2024-11-11 16:54:28 |
Czytaj oryginał (ang.) |
| Private prison stocks jump on Trump appointment of immigration hardliner Tom Homan |
Private prison stocks Geo Group and CoreCivic rose Monday after President-elect Donald Trump chose Tom Homan as his "border czar." Homan told a conservative conference in July that he "will run the biggest deportation force this country has ever seen" when Trump returns to office. |
cnbc.com |
2024-11-11 11:22:45 |
Czytaj oryginał (ang.) |
| My Portfolio's Biggest Winners And Losers From A Republican Sweep |
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT fundamentals by suppressing new construction starts due to higher interest rates. My portfolio saw significant movements post-election, with regional banks and energy stocks gaining, while renewables and healthcare REITs faced short-term declines. |
seekingalpha.com |
2024-11-09 10:45:00 |
Czytaj oryginał (ang.) |
| Why These Two Prison Stocks Soared Around 80% This Week |
CoreCivic and Geo Group, which also run migrant detention centers, are having one of the best weeks since Trump's win in November 2016. The post Why These Two Prison Stocks Soared Around 80% This Week appeared first on Investor's Business Daily. |
investors.com |
2024-11-08 16:32:20 |
Czytaj oryginał (ang.) |
| Trump win drives up prison stocks |
CNBC's Eamon Javers joins 'The Exchange' to report on prison stocks moving higher since Trump's victory, in part based on his deportation plan. |
youtube.com |
2024-11-08 16:25:03 |
Czytaj oryginał (ang.) |
| Why private prison stocks are soaring |
Quite ironically, once Trump Media (NASDAQ: DJT) is excluded, one would be hard-pressed to find a stock that hasn't seen a massive rally in the wake of Donald Trump's reelection as the President of the United States. |
finbold.com |
2024-11-08 08:00:58 |
Czytaj oryginał (ang.) |
| CoreCivic, Inc. (CXW) Q3 2024 Earnings Call Transcript |
CoreCivic, Inc. (NYSE:CXW ) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Jason Weaver - JonesTrading M. Marin - Zacks Investment Research, Inc. Brian Violino - Wedbush Securities Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital, LLC Ben Briggs - StoneX Financial Operator Thank you for standing by. |
seekingalpha.com |
2024-11-07 17:32:43 |
Czytaj oryginał (ang.) |
| Will GEO Group and CoreCivic See Their Stocks Double Under a Trump Presidency? |
Private prison operators GEO Group (NYSE:GEO) and CoreCivic (NYSE:CXW) look poised to be one of the biggest beneficiaries of Donald Trump's presidency. |
247wallst.com |
2024-11-07 16:19:47 |
Czytaj oryginał (ang.) |
| Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared |
Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration. |
marketwatch.com |
2024-11-07 12:01:00 |
Czytaj oryginał (ang.) |
| CoreCivic Reports Third Quarter 2024 Financial Results |
Cost Management and Higher Occupancy Continue To Drive Positive Financial Performance Raises Full Year Financial Guidance |
globenewswire.com |
2024-11-06 18:15:00 |
Czytaj oryginał (ang.) |
| Prison Stocks Geo Group, CoreCivic Rally On Trump 2024 Election Win: History Shows The Gains May Not Last |
Among the biggest winners Wednesday morning are prison stocks Geo Group GEO and CoreCivic CXW, moving positively to the news that Donald Trump won the 2024 presidential election. |
benzinga.com |
2024-11-06 13:32:19 |
Czytaj oryginał (ang.) |
| What To Buy On A Trump Win |
Donald Trump's 2024 win should boost stocks like GEO Group, CoreCivic, Target Hospitality, Affirm, Federal National Mortgage Association, and Bitcoin pre-market. GEO Group and CoreCivic benefit from Trump's policies, with potential gains similar to post-2016 election performances. Target Hospitality could see increased demand for facilities due to stricter immigration policies and more drilling activity. |
seekingalpha.com |
2024-11-06 13:13:54 |
Czytaj oryginał (ang.) |
| 'The Big Short' Michael Burry Buys Real Estate And Chinese Tech |
Michael Burry is one of the best investors of our time. Just recently, he heavily invested in an office REIT. We review this investment and share our thoughts on it. |
seekingalpha.com |
2024-10-12 13:00:00 |
Czytaj oryginał (ang.) |
| Prison management company CoreCivic honored as inmates restore 55,000th wheelchair for people in need |
Agoura Hills, CA, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Over the past seventeen years, inmates at the South Central Correctional Facility (SCCF) in Clifton, Tennessee, have restored over 25,000 donated wheelchairs through a prison work program. The used wheelchairs they fix are sent to high-need areas around the world through the Joni and Friends Wheels for the World™ program, which distributes mobility devices and Bibles to the world's most vulnerable citizens. |
globenewswire.com |
2024-09-27 11:00:00 |
Czytaj oryginał (ang.) |
| 2 REITs With Huge Upside Potential |
REITs remain extremely cheap, even following the recent rally. This is especially true for more speculative REITs. I highlight 2 REITs that could triple. |
seekingalpha.com |
2024-09-26 12:15:00 |
Czytaj oryginał (ang.) |
| Which Sectors Stand to Benefit From Election Outcomes |
Subscribers to Chart of the Week received this commentary on Sunday, September 15. |
schaeffersresearch.com |
2024-09-17 13:52:08 |
Czytaj oryginał (ang.) |