CoreCivic(NYSE) CXW

CoreCivic, Inc. helps governments manage jails and detention centers. It provides safe housing and programs for those in justice systems. The company also handles transportation and pharmacy services for these sites.

Managing People and Places

• Residential Management: Operates 64 correctional, detention, and reentry facilities for government partners; generated $614.9 million in revenue during the three months ended June 30, 2026.
• Services Segment: Delivers pharmacy, transportation, and monitoring services for correctional facilities; generated $65.3 million in revenue during the three months ended June 30, 2026.
• Leased Properties: Owns five properties leased to government agencies for their own operations; generated $4.7 million in revenue during the three months ended June 30, 2026.

Growing Through New Contracts

• Acquired Clinical Solutions Pharmacy on April 1, 2026, to expand into mail order pharmacy services for over 600 correctional facilities.
• Sold four detention facilities to the DHS (Department of Homeland Security) in July and August 2026 for a combined $2.2 billion.
• Activated five previously idled facilities between 2025 and 2026 to support ICE (U.S. Immigration and Customs Enforcement) detention needs.
• Acquired the Farmville Detention Center in Virginia on July 1, 2025, to provide transportation and civil detention services.

A Large and Flexible Network

CoreCivic manages a large-scale network of approximately 72,000 beds across its residential segment. Its integrated model combines real estate ownership with specialized services like recidivism-reduction programs and logistics.

Tracking the Results

• Total revenue reached $684.9 million in the three months ended June 30, 2026, up 27.3% year over year.
• Net income was $37.1 million during the three months ended June 30, 2026.
• The company cared for approximately 6,000 more individuals under ICE contracts as of June 30, 2026, than in January 2025.
• Revenue per compensated man-day—a measure of daily income per occupant—reached $119.88 in the second quarter of 2026.
• The board of directors increased the share repurchase program authorization to $1.2 billion in August 2026.

Future Direction

CoreCivic has evolved from a real estate owner into a diverse government solutions provider. Recent facility sales and service acquisitions show a strategy of focusing on core operations and liquidity.