CXW: Strong 2Q25 Reflects Rising Utilization, Expected to Continue, Operating Leverage
CXW's adjusted EPS of $0.36 beat our/consensus forecast significantly, primarily reflecting higher populations at its facilities (54k in 2Q25 vs...
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CXW: Pending Acquisition of Farmville Facility - Raising Estimates, Valuation
CXW had liquidity of about $331m at 1Q25-end & plans to fund the $67.0m purchase using cash on hand and its revolving credit...
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CXW: Believe CXW is Well-Positioned for Further Occupancy Increases
CXW is reactivating three facilities that it had idled, including two under letter agreements. CXW is optimistic that it will reach long-term...
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CXW: Recent Contracts Positive Implications
CXW expects the new agreement to generate annual revenue of ~ $180m when it has ramped fully and to be accretive beginning in 2Q25. Separately,...
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