Davis Correctional Facility

CoreCivic Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 7, 2023
Workforce, Oklahoma Department of Corrections, Damon T. Hininger, Travel, McRae Correctional Institution, Davis Correctional Facility, Senior, Bed, Nursing, Share repurchase, ICE, Bank statement, Supplement, Debt-to-GDP ratio, Policy, COVID-19, Tax, GAAP, Federal Bureau of Prisons, Title 42 of the United States Code, CoreCivic, ODOC, CXW, Government, FFO, EBITDA, Documentation, McRae, Funds from operations, Investment, Depreciation, EPS, Ageing, Environment, Keystone State Park (Oklahoma), NYSE, Normalization, BOP, Pharmaceutical industry, Video game, Car rental

BRENTWOOD, Tenn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the second quarter of 2023.

Key Points: 
  • BRENTWOOD, Tenn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the second quarter of 2023.
  • Net income in the second quarter of 2023 totaled $14.8 million, or $0.13 per diluted share, compared with net income in the second quarter of 2022 of $10.6 million, or $0.09 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $71.8 million in the second quarter of 2023, compared with $71.1 million in the second quarter of 2022.
  • Adjusted EBITDA was $72.1 million in the second quarter of 2023, compared with $78.8 million in the second quarter of 2022.

CoreCivic Receives Lease Termination Notice for the North Fork Correctional Facility from the State of Oklahoma

Retrieved on: 
Tuesday, April 25, 2023
ODC, North Fork Correctional Facility, COVID-19, Oklahoma Department of Corrections, Davis Correctional Facility, Employment, NYSE, CoreCivic, CXW, Lease

BRENTWOOD, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today it received notice from the Oklahoma Department of Corrections (ODC) of its intent to terminate the lease agreement for the company-owned, 2,400-bed North Fork Correctional Facility (NFCF) upon the lease expiration on June 30, 2023.

Key Points: 
  • BRENTWOOD, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today it received notice from the Oklahoma Department of Corrections (ODC) of its intent to terminate the lease agreement for the company-owned, 2,400-bed North Fork Correctional Facility (NFCF) upon the lease expiration on June 30, 2023.
  • The Company was also aware that since commencing the lease of the NFCF in 2016, other privately owned correctional capacity became available to the state of Oklahoma and impacted the competitive landscape for renewal of the Company's lease agreement.
  • The Company is also actively renegotiating the terms of its contract with the state of Oklahoma at the company owned-and-operated 1,670-bed Davis Correctional Facility, which is also set to expire on June 30, 2023.
  • The Company can provide no assurance that it will be successful in entering into an agreement with the state of Oklahoma for the continued use of the Davis Correctional Facility.