CoreCivic Projects 2026 Adjusted EPS of $1.74-$1.80 and Increases Share Buyback Authorization to $1.7 Billion
CoreCivic (CXW) has provided financial guidance for 2026, projecting adjusted earnings per share (EPS) in the range of $1.74 to $1.80. Alongside this outlook, the company announced a significant expansion of its share repurchase program, increasing the total buyback authorization to $1.7 billion. During the Q3 2026 earnings call, CEO Lucibeth Mayberry highlighted a major liquidity event involving the sale of four facilities to the Department of Homeland Security. The transaction resulted in approximately $1.6 billion in after-tax net proceeds, strengthening the company's capital position as it executes its long-term financial strategy.
Tickers: $CXW
Topics: facility sale government contracts net proceeds quarterly earnings