CoreCivic, Inc.

Good morning. My name is Samara and I will be your conference operator. As a reminder, this call is being recorded. At this time, I'd like to welcome you to Course of X Q2 2022 earnings call. All lines have been placed on mute to avoid any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, press the star, then the number two. Thank you. I would now like to turn the call over to Cameron Hopewell, Core Civics Managing Director of Investor Relations. Mr. Hopewell, you may begin your conference.

Thanks, Samara. Good morning, ladies and gentlemen, and thank you for joining us. Participating on today's call are Damon Heiniger, President and Chief Executive Officer, and David Garfinkel, Chief Financial Officer. We are also joined here in the room by our Vice President of Finance, Brian Hammons. On today's call, we will discuss our financial results for the second quarter of 2022, 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 provisions 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 second quarter 2022 earnings release, issued after market yesterday, and in our Securities and Exchange Commission's filings, including the form's 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, we will also discuss certain non-GAAP measures. A reconciliation of the most comparable GAAP measurement is provided in our corresponding earnings release and included in the supplemental financial data file on our investors page at corecivic.com. With that, it's my pleasure to turn the call over to our President and CEO, Damon Heinegger.

Damon Heinegger Thank you, Cameron. Good morning, and thank you for joining us today for our second quarter 2022 earnings call. On today's call, I will provide you with details of our second quarter financial performance, discuss with you our latest operational developments, update you on capital allocation strategy, and discuss the latest developments with our government partners, including the pending $130 million sale of our McRae facility to the state of Georgia. I will then turn the call over to our CFO, Dave Garfinkel, who will review our second quarter financial results and full year 2022 guidance in greater detail and will update you on our ongoing capital structure initiatives. Before proceeding with the agenda, I would like to take a moment to address a tragedy that occurred at our Davis Correctional Facility in Holdenville, Oklahoma. This past weekend, Core Civic Correctional Officer Alan Hershberger lost his life in the line of duty succumbing to an injury from an unprovoked attack by an inmate. Officer Hershberger joined Core Civic in October of 2021 after a career in the military. He served in the United States Navy, the Army National Guard, and Army Reserves. Originally from Smithville, Missouri, Officer Hershberger started with us at our Leavenworth Detention Center in Kansas. He was very well liked and respected by all those who knew him and worked alongside him throughout our company. Our hearts are with his family and friends, as well as the entire team at Davis, where they're providing support services, where we are providing support services to assist our people as they cope with this loss. In the past couple of days, numerous correctional leaders from across the country have personally reached out to me to offer their support and condolences. They understand the gravity of the calling and sacrifice that the dedicated men and women in our profession make each and every day to keep our communities, coworkers, and those in our care safe. On behalf of the Core Civic family, I am grateful for their support and unity at such a difficult time. Alan Hershberger served his community and his nation faithfully.