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Sep 30, 2022
Corecivic Q3 2022 Earnings Report
Reported financial results and raised full year guidance.
Key Takeaways
CoreCivic reported Q3 2022 financial results with a total revenue of $464.2 million and net income of $68.3 million. The company raised its full year guidance and continued its capital allocation strategy of reducing debt and returning capital to shareholders through share repurchases.
Total revenue for Q3 2022 was $464.2 million.
Net income for Q3 2022 was $68.3 million, or $0.58 per diluted share.
Adjusted diluted EPS for Q3 2022 was $0.08.
The company repurchased 6.6 million shares at a cost of $74.5 million and reduced debt by nearly $250 million year-to-date.
Corecivic
Corecivic
Forward Guidance
CoreCivic updated its financial guidance for the full year 2022.