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Dec 31, 2022
Corecivic Q4 2022 Earnings Report
CoreCivic reported strong financial performance in a difficult environment, made progress on debt reduction goals, and repurchased shares.
Key Takeaways
CoreCivic's Q4 2022 results showed a total revenue of $471.4 million and a net income of $24.4 million. The company's adjusted diluted EPS was $0.22. The results were impacted by the transition of the contract with the state of Arizona, the expiration of the contract with the Federal Bureau of Prisons, and ongoing labor market pressures.
Total revenue for Q4 2022 was $471.4 million.
Net income for Q4 2022 was $24.4 million, or $0.21 per diluted share.
Adjusted diluted EPS for Q4 2022 was $0.22.
The company reduced its outstanding debt balance by over $287 million in 2022.
Revenue by Segment
Forward Guidance
CoreCivic provided financial guidance for the full year 2023, including net income between $58.0 million and $75.0 million, diluted EPS between $0.50 and $0.65, and EBITDA between $298.5 million and $313.5 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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