Exhibit 99.1

 

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Contact:   

Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024

Financial Media: David Gutierrez, Dresner Corporate Services – (312) 780-7204

CORECIVIC REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS

PROVIDES 2018 FULL YEAR EPS AND FFO GUIDANCE

NASHVILLE, Tenn. – February 14, 2018 – CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2017.

Fourth Quarter 2017 Highlights

 

    Diluted EPS of $0.35

 

    Adjusted Diluted EPS of $0.40

 

    Normalized FFO per diluted share of $0.60

 

    Net Income of $41.3 million

 

    Adjusted Net Income of $46.9 million

 

    Adjusted EBITDA of $98.1 million

Full Year 2017 Highlights

 

    Diluted EPS of $1.50

 

    Adjusted Diluted EPS of $1.57

 

    Normalized FFO per diluted share of $2.38

 

    Adjusted EBITDA of $387.9 million

“We concluded the year with a great deal of optimism about the strategic direction of the Company as we experienced positive developments across each of our business lines,” said Damon T. Hininger, CoreCivic’s President and Chief Executive Officer. “For the first time in many years, during 2017 we entered into new contracts with three different states in our CoreCivic Safety portfolio, and 2018 has already presented multiple additional federal and state level opportunities. We have also continued to execute on our strategy to further diversify our business and cash flows through organic and M&A driven growth of our CoreCivic Community and CoreCivic Properties portfolios. Most recently, we were awarded our industry’s first contract to develop a correctional facility through a public-private partnership that will be leased and operated by a government agency in Lansing, Kansas. We believe our ability to deliver unique real estate solutions and comprehensive recidivism-reducing reentry programs will continue to create opportunities to expand and diversify our business.”


The following information was filed by Corecivic, Inc. (CXW) on Thursday, February 15, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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