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Mar 31, 2020
Corecivic Q1 2020 Earnings Report
CoreCivic's financial performance was reported for Q1 2020, with revenue up slightly amid adjustments to operations due to the COVID-19 pandemic.
Key Takeaways
CoreCivic reported a slight increase in total revenue for Q1 2020, alongside earnings per share of $0.27. The company has focused on responding to the COVID-19 pandemic, implementing measures to protect employees and those in their care. They withdrew financial guidance due to uncertainties related to COVID-19.
CoreCivic activated its Emergency Operations Center and implemented a crisis response plan to address COVID-19.
Total revenue increased by 1.5% to $491.1 million.
Diluted EPS was reported at $0.27, while adjusted diluted EPS reached $0.30.
The company is providing bonuses to frontline employees and has updated leave policies to support them during the pandemic.
Corecivic
Corecivic
Corecivic Revenue by Segment
Revenue by Segment
Safety Revenue
CapyFin.comCommunity Revenue
CapyFin.comProperties Revenue
CapyFin.com Forward Guidance
CoreCivic withdrew its financial guidance for 2020 due to the uncertainty created by the COVID-19 pandemic. The company's business is expected to be resilient due to the essential nature of its services and diversification of its segments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income