CoreCivic, Inc. (CXW) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.939 Good day, and thank you for standing by. Welcome to the Q4 2025 CoreCivic 00:00:07.082 -- 00:00:12.450 Earnings Conference Call. At this time, all participants are in a listen-only mode. 00:00:12.450 -- 00:00:16.557 After the speaker's presentation, there'll be a question and answer session. 00:00:16.557 -- 00:00:21.144 To ask a question during the session, you'll need to press star 11 on your telephone. 00:00:21.144 -- 00:00:24.749 You will then hear an automated message advising your hand is raised. 00:00:24.749 -- 00:00:27.723 To withdraw your question, please press star 11 again. 00:00:27.723 -- 00:00:31.167 Please be advised that today's conference is being recorded. 00:00:31.167 -- 00:00:34.730 I would now like to turn the call over to Jeb Backman. 00:00:34.730 -- 00:00:35.631 Please go ahead. 00:00:35.631 -- 00:00:37.631 Thank 00:00:39.796 -- 00:00:43.760 you, operator. Good morning, everyone, and welcome to CoreCivic's fourth quarter 2025 00:00:43.760 -- 00:00:48.825 earnings call. Participating on today's call are Patrick Swindle, CoreCivic's president 00:00:48.825 -- 00:00:53.812 and chief executive officer, and David Garfinkel, our chief financial officer. 00:00:53.812 -- 00:00:59.037 We are also joined here in the room by our Vice President of Finance, Brian Hammonds. 00:00:59.037 -- 00:01:03.902 On this call, we will discuss financial results for the fourth quarter of 2025, 00:01:03.902 -- 00:01:07.345 as well as financial guidance for the 2026 year. 00:01:07.345 -- 00:01:11.449 We will also discuss developments with our government partners and provide you with other 00:01:11.449 -- 00:01:14.091 general business updates. 00:01:14.091 -- 00:01:17.895 During today's call, our remarks, including our answers to your questi...