Exhibit 99.1


News Release     LOGO



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

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



BRENTWOOD, Tenn. – May 6, 2020 – CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2020.

First Quarter 2020 Highlights



Activated our Emergency Operations Center and implemented our crisis response plan to address the potential impact of COVID-19 on staff and residents entrusted to our care

Balance Sheet Highlights as of March 31, 2020



Cash and cash equivalents of $335.5 million



Availability under revolving credit facility of $146.7 million



No material capital commitments



No debt maturities until October 2022

Statement of Operations – First Quarter 2020



Total revenue of $491.1 million, an increase of 1.5%



CoreCivic Safety revenue of $437.8 million



CoreCivic Community revenue of $30.6 million



CoreCivic Properties revenue of $22.7 million



Net income attributable to common stockholders of $32.1 million



Diluted EPS of $0.27



Adjusted diluted EPS of $0.30



Normalized FFO per diluted share of $0.54



Adjusted EBITDA of $100.4 million

Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, said, “While 2020 was off to a good start as we exceeded our forecast for the first quarter, we quickly shifted our focus beginning in February to respond to the COVID-19 pandemic. We are dedicated to protecting our employees, those entrusted to our care, and our communities during this pandemic. For more than 35 years, we have worked closely with our government partners to develop and implement rigorous policies and procedures to address the potential spread of infectious diseases at our facilities, and we are putting that experience to use during these unprecedented times. Our employees have performed exceedingly well, and I am very proud of the challenging work they do every day.

“As essential public safety infrastructure, our work has continued uninterrupted throughout the pandemic. We have proactively implemented action plans customized for each facility and government partner, revised policies and procedures to conform with guidance from our


5501 Virginia Way, Brentwood, Tennessee 37027, Phone: 615-263-3000

The following information was filed by Corecivic, Inc. (CXW) on Thursday, May 7, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Corecivic, Inc.'s financial trajectory

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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Corecivic, Inc..


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