CoreCivic ( (CXW) ) has released its Q2 earnings. Here is a breakdown of the information CoreCivic presented to its investors.
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CoreCivic, Inc. is a diversified government-solutions company specializing in corrections and detention management, providing a range of services to government partners across the United States.
In its second quarter of 2025 financial report, CoreCivic announced a significant increase in revenue and net income, driven by heightened demand for its services, particularly from U.S. Immigration and Customs Enforcement (ICE). The company also raised its full-year financial guidance, reflecting a positive outlook for the remainder of the year.
Key financial metrics for the quarter included a 9.8% increase in total revenue to $538.2 million and a 103.4% rise in net income to $38.5 million. The company reported a diluted earnings per share of $0.35, marking a 105.9% increase from the previous year. CoreCivic also repurchased 2.0 million shares of its common stock, enhancing shareholder value. Strategic moves included the acquisition of the Farmville Detention Center and the reactivation of previously idled facilities.
The company’s financial performance was bolstered by increased occupancy rates and higher average per diem rates across its portfolio. Revenue from ICE, its largest government partner, rose by 17.2%, while revenue from state customers and the U.S. Marshals Service also saw increases. Adjusted EBITDA for the quarter was $103.3 million, up 23.2% from the prior year.
Looking ahead, CoreCivic’s management anticipates continued growth, supported by increased government funding and strategic facility activations. The company expects to capitalize on new contracts and further enhance its financial performance, positioning itself for a strong finish to 2025.