ICE Demand Could Bring $1.5B Revenue Boost to CoreCivic -- Market Talk

Dow Jones

2025/02/12

1327 ET - Private prison manager CoreCivic is expecting the U.S. Immigration and Customs Enforcement will want to add 150,000 to 200,000 new beds for detained immigrants. The company gave ICE a proposal to offer 28,000 beds for detainees, which could yield up to $1.5 billion in revenue, president and COO Patrick Swindle tells analysts. Even with the Trump administration considering housing detainees at Guantanamo Bay, CoreCivic believes ICE's demand for bed capacity is extremely strong for domestic locations, as well. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 11, 2025 13:27 ET (18:27 GMT)

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