CoreCivic's Board of Directors approved an increase of $150.0 million to its share repurchase program on May 15, 2025. This raises the total aggregate authorization for common stock repurchases to $500.0 million.
This expanded authorization signals the company's confidence in its cash flow outlook and its commitment to enhancing shareholder value. The company has actively repurchased shares, with 1.9 million shares bought back for $37.9 million in Q1 2025 alone.
As of March 31, 2025, CoreCivic had repurchased a total of 16.5 million shares at an aggregate cost of approximately $219.0 million since the program's authorization in May 2022. The remaining authorization of $131.0 million before this increase, now substantially larger, provides significant flexibility for future capital returns.
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