CoreCivic (CXW) Tops Q1 EPS by 4c

CoreCivic (NYSE: CXW) reported Q1 EPS of $0.42, $0.04 better than the analyst estimate of $0.38.

• Diluted EPS of $0.42, up 7.7% from $0.39
• Adjusted Diluted EPS of $0.43, up 7.5% from $0.40
• Normalized FFO per diluted share of $0.63, up 5.0% from $0.60
• Adjusted EBITDA of $99.9 million, up 5.5% from $94.7 million

"Our continued focus on providing dependable, professional service to address the needs of our government partners is key to the long-term success of CoreCivic, and that focus is what allowed us to deliver positive financial results in the first quarter," said Damon T. Hininger, CoreCivic's President and Chief Executive Officer. "We are encouraged by our recently announced contract with the state of Ohio and with the growing number of opportunities we see in the market to work with new and existing partners to deliver cost-effective real estate solutions."

For earnings history and earnings-related data on CoreCivic (CXW) click here.

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