CoreCivic, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:15 pm EDT
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CoreCivic, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 14.59 million compared to USD 13.94 million a year ago. Revenue was USD 464.21 million compared to USD 471.19 million a year ago. Net income was USD 68.32 million compared to USD 30.01 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.25 a year ago.
For the nine months, sales was USD 43.7 million compared to USD 54.93 million a year ago. Revenue was USD 1,373.9 million compared to USD 1,390.48 million a year ago. Net income was USD 97.88 million compared to net loss of USD 79.93 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to basic loss per share from continuing operations of USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to diluted loss per share from continuing operations of USD 0.67 a year ago.
CoreCivic, Inc. is a diversified, government-solutions company. The Company provides a broad range of solutions to government partners that serve the public good through corrections and detention management. Its segments include CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. CoreCivic Safety segment consists of approximately 43 correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by CoreCivic, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic. CoreCivic Safety also includes the operating results of its subsidiary that provides transportation services to governmental agencies, TransCor America, LLC. CoreCivic Community segment consists of the residential reentry centers that are owned, or controlled via a long-term lease, and managed by CoreCivic. CoreCivic Properties segment consists of the real estate properties owned by CoreCivic and leased to government agencies.
CORECIVIC, INC. 
