CoreCivic, Inc. (CXW) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the CoreCivic two-quarter 2025 earnings call. At this time, all participants are in a dissonant mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, Please press start one more again. Please be advised that today's conference is being recorded. I would now like to turn the call over to David Gutierrez. You may now begin. Thank you, operator. Good morning, everyone, and welcome to CoreCivic's second quarter 2025 earnings call. Participating on today's call are Damon Heiniger, CoreCivic's chief executive officer, Patrick Swindle, Core Civics President and Chief Operating Officer, and David Garfinkel, our Chief Financial Officer. We also are joined here in the room by our Vice President of Finance, Brian Hammonds. On this call, we will discuss financial results for the second quarter of 2025, as well as updated financial guidance for the 2025 year. We will also discuss developments with our government partners and provide you with other general business updates. During today's call, our remarks, including our answers to your questions, will include forward-looking statements pursuant to the safe harbor provisions of the Private Securities and Litigation Reform Act. Our actual results or trends may differ materially as a result of a variety of factors, including those identified in our second quarter 2025 earnings release issued after market yesterday. as well as in our Securities and Exchange Commission filings, including forms 10-K, 10-Q, and also 8-K reports. You are cautioned that any forward-looking statem...