CoreCivic, Inc. (CXW) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.120 Good day and thank you for standing by. Welcome to the CoreCivic first quarter 2025 00:00:06.120 -- 00:00:12.671 earnings call. At this time, all participants are in a listen-only mode. 00:00:12.671 -- 00:00:17.518 After the speaker's presentation, there will be a question and answer session. 00:00:17.518 -- 00:00:22.546 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:22.546 -- 00:00:27.113 You'll then hear an automated message advising your hand is raised. 00:00:27.113 -- 00:00:31.738 To withdraw your question, please press star 11 again. 00:00:31.738 -- 00:00:36.104 Please be advised that today's conference is being recorded. 00:00:36.104 -- 00:00:41.189 I would now like to hand the conference over to your first speaker today, Michael 00:00:41.189 -- 00:00:46.153 Grand, Managing Director of Investor Relations. 00:00:47.016 -- 00:00:51.281 Thank you, Operator. Good morning, everyone, and welcome to CoreCivic's first quarter 00:00:51.281 -- 00:00:56.697 2025 earnings call. Participating on today's call are Damon Heiniger, 00:00:56.697 -- 00:01:01.804 CoreCivics Chief Executive Officer, Patrick Swindle, CoreCivics President and 00:01:01.804 -- 00:01:07.291 Chief Operating Officer, and David Garfinkel, our Chief Financial Officer. 00:01:07.291 -- 00:01:13.116 We are also joined here in the room by our Vice President of Finance, Brian Hammonds. 00:01:13.179 -- 00:01:18.566 On this call, we will discuss financial results for the first quarter of 2025, as 00:01:18.566 -- 00:01:21.730 well as updated financial guidance for the 2025 year. 00:01:21.730 -- 00:01:27.161 We will also discuss developments with our government partners and provide you 00:01:27.161 -- 00:01:30.223 with other general b...