CoreCivic, Inc. announced it signed a new management contract with the state of Wyoming for the housing of up to 240 male inmates at the Company's 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi. The company previously housed inmates for Wyoming under a management contract that had not been utilized since 2019. The term of the new contract runs through June 30, 2026.

Additionally, CoreCivic signed a new management contract with Harris County, Texas, to house up to 360 male inmates at the Tallahatchie County correctional Facility. Upon mutual agreement, the County may access an additional 360 beds at the Tallahatchie facility. These new contracts further reinforce the versatility of real estate assets.

Utilizing existing bed inventory is key to driving margin improvement at CoreCivic. These recent contract wins demonstrate both strong contracting progress and the high levels of interest in services and assets from existing and new governmental partners.