$CXW

The GEO Group, a major ICE contractor, and its subsidiary have donated millions to Republican candidates and super PACs ahead of the 2026 midterms. According to Scripps News, the company reported record revenue tied to reopening immigration detention centers. CoreCivic, another ICE contractor, also contributed to Republican campaigns. Both companies' PACs donated to lawmakers with immigration oversight roles.

GEO Group raised guidance, with its stock up 1.8% since reporting. Brady reported $436.9M revenue, up 10% YoY, but missed EPS estimates, and its stock fell 5.7%. Brink's reported $1.39B revenue, up 7.1% YoY, and its stock dropped 11.8%. Motorola Solutions reported $3.13B revenue, up 13.3% YoY, and its stock rose 2.3%.

California Gov. Gavin Newsom signed a law imposing a 25% tax on for-profit ICE detention center operators, effective July 2028. The law targets CoreCivic and GEO Group, which manage facilities in California. Revenue will fund immigration legal services. The law's constitutionality is uncertain, as federal contractors may challenge it in court. Newsom also signed 21 other immigration-related bills, including bans on electric shock devices used by ICE.

CoreCivic (CXW) announced CEO Patrick D. Swindle's resignation due to health issues, appointing Lucibeth N. Mayberry as his successor. Mayberry, with a 20-year track record at CoreCivic, is expected to maintain continuity. Analysts project $3.4B revenue and $515.5M earnings by 2029, with a potential 30% upside. The company's focus remains on federal detention and border security funding.

CoreCivic's CEO Patrick Swindle resigned due to health reasons, effective September 24, 2026. The company appointed Lucibeth Mayberry as his successor, with Swindle transitioning to a paid advisor role. Mayberry's compensation aligns with existing strategies, indicating leadership continuity.

CoreCivic, Inc. (CXW) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 News Release Contact: Investors: Jeb Bachmann – Managing Director, Investor Relations - (615) 263-3024 Media: Steve Owen – Vice President, Communications - (615) 263-3107 L UCIBETH N. M AYBERRY N AMED P RESIDENT AND CEO AND D IRECTOR OF C ORE C IVIC P ATRICK D. S WIN

CoreCivic (CXW) shares dropped 3.3% after CEO Patrick Swindle resigned for health reasons, replaced by Lucibeth Mayberry. Investors reacted cautiously to the leadership change, despite Mayberry's long tenure and commitment to current strategies.

CoreCivic (CXW) shares rose due to a $75 billion federal funding package for ICE and border security through 2029. Investors expect higher detention contracts and revenue. The company's real estate monetization and long-term contracts provide stability, but risks include policy changes and weak cash flow conversion.

CoreCivic's EVP Daren Swenson sold 20,000 shares for $697,000 at $34.85 each. The stock is near its 52-week high, up 63% in a year. CoreCivic reported Q2 2026 earnings of $0.38 per share on $684.9M revenue, beating estimates. The company raised $1.6B from facility sales and announced a $500M share buyback. StoneX maintains a Buy rating and $45 price target.

CoreCivic (CXW) EVP Joseph Bachmann sold 20,000 shares at $34.85 each, according to an SEC filing. He indirectly holds 4,625 shares via his spouse, totaling 142,666 shares directly and indirectly.