2024-02-08 16:09:07 ET
CoreCivic, Inc. (CXW)
Q4 2023 Earnings Conference Call
February 08, 2024 11:00 AM ET
Company Participants
Michael Grant - Managing Director of Investor Relations
Damon Hininger - President and Chief Executive Officer
David Garfinkle - Executive Vice President and Chief Financial Officer
Brian Hammonds - Vice President of Finance
Conference Call Participants
Joe Gomes - Noble Capital
Marla Marin - Zacks
Kirk Ludtke - Imperial Capital
Brian Violino - Wedbush Securities
Greg Gibas - Northland Securities
Presentation
Operator
Thank you for standing by, and welcome to the CoreCivic Fourth Quarter 2023 Earnings Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Mr. Mike Grant, Managing Director of Investor Relations.
Michael Grant
Thank you, operator. Good morning, ladies and gentlemen, and thank you for joining us today. Participating on today's call are Damon Hininger, CoreCivic's President and Chief Executive Officer; and David Garfinkle, our Chief Financial Officer. We are also joined here in the room by our Vice President of Finance, Brian Hammonds.
On today's call, we will discuss our financial results for the fourth quarter of 2023 as well as financial guidance for the 2024 year. We'll 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 provision 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 fourth quarter 2023 earnings release issued after market yesterday and in our Securities and Exchange Commission filings, including Forms 10-K, 10-Q and 8-K reports.
You are also cautioned that any forward-looking statements reflect management's current views only and that the company undertakes no obligation to revise or update such statements in the future. On this call, management will also discuss certain non-GAAP measures. A reconciliation of the most comparable GAAP measurement is provided in the corresponding earnings release and included in the company's quarterly supplemental financial data report posted on the Investors page of the company's website at corecivic.com.
With that, it is my pleasure to turn the call over to our President and CEO, Damon Hininger.
Damon Hininger
Thank you, Mike. Good morning, and thank you for joining us for our fourth quarter 2023 earnings call. On today's call, I will provide details of our fourth quarter financial performance and introduce our 2024 full-year financial guidance. I will also discuss with you our latest operational developments, and update you on the latest developments with our government partners. Following my remarks, I will turn the call over to our CFO, Dave Garfinkle, who will review our financial results and our 2024 financial guidance in greater detail. He will also provide a more detailed update on our ongoing capital structure initiatives, including debt reduction, share buybacks and our new bank credit facility obtained in the fourth quarter....
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CoreCivic, Inc. (CXW) Q4 2023 Earnings Call Transcript