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Sep 30, 2021
Corecivic Q3 2021 Earnings Report
CoreCivic reported strong cash flow generation and executed its capital allocation strategy, prioritizing debt reduction.
Key Takeaways
CoreCivic reported a revenue of $471.2 million, a diluted EPS of $0.25, and an adjusted diluted EPS of $0.28 for Q3 2021. The company focused on debt reduction, with leverage decreasing to 2.7x. Despite challenges from the global pandemic and employment market, CoreCivic's cash flow generation remained strong.
Total revenue reached $471.2 million.
Diluted earnings per share were reported at $0.25.
Adjusted diluted EPS amounted to $0.28.
Leverage decreased to 2.7x.
Forward Guidance
CoreCivic is not providing 2021 financial guidance due to uncertainties associated with COVID-19 and the administration’s policies. Full year 2022 financial guidance is expected in February 2022.
Challenges Ahead
- Uncertainties associated with COVID-19, including a resurgence caused by the Delta variant.
- Uncertainties associated with the application of the administration’s various executive actions and policies related to immigration and criminal justice.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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