NYSE$CXW

Corecivic Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

CoreCivic's financial performance remained strong, with resilient cash flow generation despite the impact of the global pandemic.

CoreCivic reported a decrease in total revenue by 3.6% to $472.6 million. Net income attributable to common stockholders was $22.2 million, with a diluted EPS of $0.18 and an adjusted diluted EPS of $0.33.

  • Total revenue decreased by 3.6% to $472.6 million.
  • Net income attributable to common stockholders was $22.2 million.
  • Diluted EPS was reported as $0.18.
  • Adjusted diluted EPS reached $0.33.

Headline financials

Total Revenue

$473M

Previous: $490M-3.6%
EPS (adj)

$0.56

Previous: $0.69-18.8%
Adjusted EBITDA

$101M

Previous: $115M-12.3%
Normalized FFO per Diluted Share

$0.56

No prior period
Capital Expenditures

-$83.2M

Previous: -$23.5M-253.4%
Free Cash Flow

-$61M

Previous: $25M-343.7%
Net Income

$22.2M

Previous: $48.6M-54.3%
Operating Income

$39.2M

Previous: $71M-44.7%
Gross Profit

$120M

Previous: $145M-17.2%
Cash & Equivalents

$364M

Previous: $56.7M+541.1%
Total Assets

$4.04B

Previous: $3.74B+8.0%
Stock-Based Comp

$4.32M

Previous: $4.26M+1.5%

Revenue & EPS history

Corecivic · Revenue · Quarterly

$473M

Q2 2020-3.6%vs Q2 2019
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Corecivic · $484M total across 3 segments · Q3 2023

  • Safety
    $443M
  • Community
    $29.8M
  • Properties
    $10.5M

Forward guidance

CoreCivic withdrew its financial guidance on April 1, 2020, due to uncertainties associated with COVID-19 and does not expect to provide financial guidance until further clarity is achieved.

Tailwinds

  • The business is very durable.
  • The business continues to generate cash flow.
  • Facilities and services are essential in the Safety and Community segments.
  • There is diversification and stability of Properties segment.
  • Payments are supported by highly rated federal, state, and local government agencies.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.8%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.7%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+62.0%

Q3 2024

Best reaction

-17.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-7.7%+9.2%
Q4 2025-3.5%+1.0%-1.6%
Q3 2025-10.1%-7.6%+0.0%
Q1 2025-3.1%-3.9%-2.7%
Q4 2024-4.2%-0.1%+5.4%
Q3 2024+62.0%+75.6%+57.9%
Q2 2024+3.9%+3.4%+7.1%
Q1 2024+1.2%-0.5%+0.7%
Q4 2023+4.9%+1.3%+5.1%
Q3 2023+6.2%+2.5%+3.2%
Q2 2023+4.6%+10.2%+11.1%
Q1 2023-3.5%+7.0%+2.8%
Q4 2022+11.9%+13.8%-6.0%
Q3 2022+2.8%+16.7%+25.2%
Q2 2022-2.4%-9.9%-9.7%
Q1 2022-9.3%-12.1%-6.0%
Q4 2021+0.9%+1.5%-7.8%
Q3 2021+2.3%+19.0%+4.8%
Q2 2021+0.4%+2.0%-12.7%
Q1 2021-5.2%-3.2%+8.3%
Q4 2020-4.3%-2.9%+7.0%
Q3 2020-17.7%-17.2%+4.7%
Q2 2020-5.1%-2.5%+3.0%
Q1 2020-6.9%-1.4%+16.8%
Q4 2019-0.3%-0.6%-28.6%
Q3 2019+0.4%+0.4%-5.2%
Q2 2019+5.1%+6.6%+4.7%
Q1 2019+4.2%+4.7%+10.0%
Q4 2018+4.9%+8.4%-4.2%
Q3 2018-3.9%-3.7%-5.5%
Q2 2018-2.2%-2.8%-3.1%
Q1 2018+3.1%+5.8%+6.0%
Q4 2017+1.0%+0.2%+1.1%
Q3 2017+3.3%-2.5%-9.8%
Q2 2017-3.2%-4.4%-1.5%
Q1 2017-3.2%+1.0%-11.3%
Q4 2016+6.5%+9.0%+9.4%
Q3 2016+0.6%+2.1%+65.9%
Q2 2016-8.6%-10.4%-49.6%
Q1 2016+7.4%
Q4 2015-3.5%
Q3 2015-4.3%
Q2 2015-2.8%
Q1 2015-2.4%
Q4 2014+1.6%
Q3 2014+1.2%
Q2 2014+5.2%
Q1 2014+0.6%
Q4 2013-0.4%
Q3 2013-2.1%
Q2 2013+4.1%
Q1 2013+1.7%
Q4 2012-0.2%
Q3 2012-3.9%
Q2 2012+4.6%
Q1 2012+0.4%
Q4 2011+4.3%
Q3 2011-0.7%
Q2 2011-6.7%
Q1 2010+0.1%
Q1 2011-0.2%
Q4 2008+3.1%
Q4 2010+3.1%
Q3 2009-1.1%
Q3 2010-1.1%
Q2 2010+2.6%
Q4 2009+2.6%
Q2 2009+2.6%

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