CoreCivic ( (CXW) ) has released its Q3 earnings. Here is a breakdown of the information CoreCivic presented to its investors.
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CoreCivic is a diversified government-solutions company that provides corrections and detention management services, as well as residential reentry facilities, primarily in the United States. The company is recognized as the largest owner of partnership correctional and detention facilities in the nation.
In its third quarter 2025 earnings report, CoreCivic announced a significant increase in total revenue, which rose by 18.1% compared to the same period last year. The company also reported a 24.7% increase in net income, highlighting a robust financial performance despite challenges such as a prolonged federal government shutdown.
Key financial metrics for the quarter included a total revenue of $580.4 million, net income of $26.3 million, and diluted earnings per share of $0.24. The company also repurchased 1.9 million shares of common stock, reflecting a strategic focus on enhancing shareholder value. Additionally, CoreCivic made progress in activating idle facilities, securing new contracts expected to generate substantial future revenue.
Looking ahead, CoreCivic’s management remains optimistic about the company’s growth prospects, driven by ongoing demand for its services, particularly from U.S. Immigration and Customs Enforcement. The company anticipates continued growth in detainee populations and expects new contracts to contribute positively to its financial performance in 2026, once facilities reach stabilized occupancy levels.