CoreCivic (CXW) Q2 FY26 earnings call

CoreCivic executed significant asset sales in Q2 FY26, generating substantial net proceeds of $1.6 billion, which were primarily used to reduce debt and fund a $500 million increase to the share repurchase program. The company redefined its operating segments and reported strong operational performance, exceeding analyst estimates for adjusted EPS and EBITDA, despite temporary declines in ICE populations. Management remains confident in the underlying value of its real estate portfolio and its ability to meet government demand, prioritizing shareholder returns through repurchases.