Private Prison Company CoreCivic Continues to Benefit from Trump's Anti-Immigrant Agenda
“We expect detainee populations to continue to grow as ICE implements its interior enforcement plan, contributing to a strong 2025," said CoreCivic CEO Damon T. Hininger in a press release.
In advance of CoreCivic’s third quarter earnings conference call, the for-profit prison company announced that its revenue and net income were up, and credited Immigration and Customs Enforcement (ICE) with its good fortune.
“Ongoing demand for the solutions we provide, particularly from U.S. Immigration and Customs Enforcement (ICE), contributed to a solid third quarter,” Damon T. Hininger, CoreCivic’s Chief Executive Officer, said in a statement.
“We expect detainee populations to continue to grow as ICE implements its interior enforcement plan, contributing to a strong 2025.”
CoreCivic’s third quarter earnings call is scheduled for Thursday, November 6 at 2:30 pm eastern time. To join the call live, people can register in advance here.
According to CoreCivic, the company has been awarded contracts at four idle “facilities” during the third quarter alone, which are expected to generate approximately $320 million of annual revenue once they’re fully operational.
The company’s total revenue for the third quarter was $580.4 million and net income was $26.3 million, an increase of 18.1 percent and almost 25 percent, respectively, from the prior year quarter, according to CoreCivic’s press release.
Hininger said that the government shutdown had not impacted the company’s revenues or “detention populations.”
With multi-million dollar contracts pouring in, the Trump presidency has given CoreCivic and GEO Group, which is also holding its third quarter call today, much to celebrate.
The so-called One Big Beautiful Bill, which President Trump signed into law on July 4, 2025, provides ICE with $45 billion for building new immigration jails, including lock-ups to detain families. As I previously reported for Truthout:
Many human rights advocates have warned that the legislation would be a financial boon to the private prison industry, which, as the Brennan Center for Justice pointed out, includes “significant financial supporters of GOP candidates for Congress as well as the president’s election campaign.”
In 2024, Hininger donated more than $300,000 to Trump and the Republican National Committee, according to Truthout’s analysis of Open Secrets’ data.
CoreCivic has been repeatedly accused of operating inhumane and dangerous lock-ups. A bombshell investigation by The Guardian revealed that the FBI is investigating an alleged drug smuggling ring at CoreCivic’s Cibola County Correctional Center (CCCC) in New Mexico. People in ICE custody make up about 30 percent of the lock-up’s population. An investigation by The Guardian also revealed that at least 15 people detained at the facility died “prematurely.”
On CoreCivic’s second quarter earnings call, held in August, Hininger told participants that the One Big Beautiful Bill had “changed dramatically the activity of ICE and securing bed capacity,” and that the legislation is “a pivotal moment for funding related to our industry.”
ICE’s plan to hire 10,000 employees, he explained, is “very important” as “this increase in law enforcement personnel will obviously raise the level of individuals arrested and the requirement for detention capacity.”
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