CoreCivic, Inc. (CXW) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to Cora Civic's third quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, please press star 1-1. If your question has been answered and you'd like to remove yourself from the queue, press star 1-1 again. As a reminder, this call may be recorded. I would like to turn the call over to Jeb Bachman, Managing Director, Investor Relations. Please go ahead. Thank you, operator. Good afternoon, everyone, and welcome to CoreCivic's third quarter 2025 earnings call. Participating on today's call are Damien Heininger, CoreCivic's chief executive officer, Patrick Swindle, CoreCivic's president and chief operating officer, and David Garfinkel, our chief financial officer. We are also joined here in the room by our vice president of finance, Brian Hammonds. On this call, we will discuss financial results for the third 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 third 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 statements reflect management's current views only and that the company under...