CoreCivic reported second quarter 2026 revenue of $684.9 million, up 27.3% year over year, driven by the activation of five previously idle facilities and higher federal populations. Adjusted EBITDA was $109.4 million, and total occupancy rose 1.6 percentage points to 78.4%. The company completed the sale of four detention facilities to the Department of Homeland Security for gross proceeds of $2.2 billion, with net proceeds of approximately $1.6 billion after taxes and transaction costs. CoreCivic's board authorized a $500 million increase to its share repurchase program, bringing the total authorization to $1.2 billion, and the company redeemed $238.5 million of 4.75% senior notes due 2027. For fiscal 2026, CoreCivic expects diluted EPS of $15.15 to $15.20, reflecting a significant one-time gain from the facility sales, and adjusted EBITDA of $440.5 million to $445.5 million.
CoreCivic IncStrong Q2 revenue growth, facility sale proceeds, buyback increase, and debt redemption all boost financial position.
