CoreCivic, Inc. (CXW) Wednesday reported first-quarter net income of $25.1 million, or $0.23 per share, compared with $9.5 million, or $0.08 per share last year.
The prior year quarter included expenses associated with debt repayments and refinancing transactions of $27.2 million. When adjusted for special items, adjusted net income for the first quarter of 2024 was $27.9 million, or $0.25 per share.
Funds From Operations for the first quarter was $49.7 million, or $0.45 per share, compared with $33.9 million, or $0.30 per share, in the first quarter of 2024.
Normalized FFO, which excludes special items, was $52.6 million, or $0.46 per share, in the first quarter of 2024.
Looking forward to full year 2025, the company now expects EPS of $0.83 to $0.92 and FFO per share of $1.72 to $1.82.
Previously, the company expected EPS of $0.48 to $0.61, and FFO per share of $1.37 to $1.50.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.