On an earnings call Tuesday, the head of a huge private prison company celebrated the Laken Riley Act and Donald Trump’s anti-immigration executive orders.

The new law and Trump’s policies are expected to lead to flood of detention and deportation, with the private prison firm predicting that the government could ultimately need up to 200,000 new beds to hold immigration detainees.

CoreCivic is so excited by its daily calls with the Trump administration that it is spending at least $40 million to renovate facilities even before inking new contracts, CEO Damon Hininger said on the call for investors.

“I have worked at CoreCivic for 32 years, and this is truly one of the most exciting periods in my career with the company,” Hininger said, adding that he expects “perhaps the most significant growth in our company’s history over the next several years.”

With $2 billion in revenue, CoreCivic is a publicly traded company that dominates the private prison market along with another company,

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