CoreCivic Secures 1,033-Bed Leavenworth Permit, Foresees $0.05–$0.06 EPS Boost
CoreCivic received approval for a 1,033-bed Midwest Regional Reception Center special use permit in Leavenworth, Kansas, clearing the final legal hurdle after a third-quarter 2025 contract award. The reactivation is slated to add $0.05 to $0.06 per share in 2026 EPS from phased intake operations.
1. Permit Approval and Facility Reactivation
CoreCivic obtained a Special Use Permit for its 1,033-bed Midwest Regional Reception Center in Leavenworth, Kansas, finalizing the approval needed to restart operations under the third-quarter 2025 contract. The permit clears the regulatory hurdle that delayed the intake process and paves the way for phased reactivation.
2. Expected Financial Impact
Management projects that phased intake at the Leavenworth facility will contribute approximately $0.05 to $0.06 in incremental earnings per share for the remainder of 2026. This targeted EPS uplift reflects the facility’s capacity utilization ramp and contract terms.
3. Staffing and Operational Readiness
CoreCivic initiated hiring after the contract award and built a strong candidate pool, then paused recruitment in December 2025 during the SUP review to align staffing with regulatory timing. With approval secured, hiring is set to resume to ensure sufficient personnel for safe operations.
4. Next Steps and Timeline
The company plans to begin detainee intake in the coming weeks, executing a phased commencement of operations that aligns with start-up activities and staffing milestones. Full reactivation is expected by mid-year, subject to intake scheduling and operational readiness.