CoreCivic raises 2026 guidance after accelerated share repurchase
CoreCivic lifted 2026 diluted EPS guidance to $15.62-$15.82 from $15-$15.20, reflecting a $500 million accelerated share repurchase.
Adjusted diluted EPS seen at $1.64-$1.73, up from $1.62-$1.70; FFO per diluted share forecast at $2.66-$2.75, up from $2.59-$2.68.
Net income outlook cut to $1.49-$1.51 billion from $1.5-$1.52 billion; adjusted net income trimmed to $157-$165 million from $161.5-$169.5 million.
Adjusted EBITDA forecast reduced to $434.5-$439.5 million from $440.5-$445.5 million; EBITDA seen at $2.22-$2.24 billion from $2.22-$2.24 billion.
A $500 million cash payment is set for Aug. 10; initial delivery is expected at 12 million shares; about $255.8 million of repurchase capacity is expected to remain.
CXW•
