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Stock impact report

CoreCivic Reports Third Quarter 2024 Financial Results

CoreCivic, Inc. (CXW) 
Last corecivic, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.corecivic.com/investor-relations
Company Research Source: GlobeNewswire
Cost Management and Higher Occupancy Continue To Drive Positive Financial PerformanceRaises Full Year Financial Guidance BRENTWOOD, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today its third quarter 2024 financial results.   Financial Highlights – Third Quarter 2024 Total revenue of $491.6 million, an increase of 2%Net income of $21.1 million, an increase of 52%Adjusted net income of $22.4 million, an increase of 44%Diluted earnings per share of $0.19; Adjusted Diluted EPS of $0.20Normalized FFO per diluted share of $0.43, an increase of 23%Adjusted EBITDA of $83.3 million, an increase of 11% Damon T. Hininger, CoreCivic's President and Chief Executive Officer, commented, "CoreCivic's financial results for the third quarter of 2024 demonstrate our continued strong operating momentum. We achieved notable improvement in our operating margin compared with the prior year quarter through our continued cost management dili Show less Read more
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