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Sep 30, 2024
Corecivic Q3 2024 Earnings Report
CoreCivic's financial performance was driven by cost management and higher occupancy rates.
Key Takeaways
CoreCivic reported a 2% increase in total revenue, reaching $491.6 million. Net income increased by 52% to $21.1 million, with diluted earnings per share of $0.19. The company raised its full year financial guidance, reflecting strong operating momentum and cost management.
Total revenue increased by 2% to $491.6 million.
Net income rose by 52% to $21.1 million.
Adjusted EBITDA increased by 11% to $83.3 million.
Compensated occupancy increased to 75.2% from 72.0% in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CoreCivic raised its financial guidance for the full year 2024.
Positive Outlook
- Net income is expected to be between $55.5 million and $61.5 million.
- Adjusted Net Income is projected to be between $78.0 million and $84.0 million.
- Diluted EPS is anticipated to be between $0.49 and $0.55.
- Adjusted Diluted EPS is expected to be between $0.69 and $0.75.
- Adjusted EBITDA is projected to be between $317.0 million and $321.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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