Earnings ·
Covista Inc. reported fourth quarter and full-year fiscal 2026 results ending June 30, 2026, exceeding financial…
CVSACovista Inc.
Covista Inc. reported fourth quarter and full-year fiscal 2026 results ending June 30, 2026, exceeding financial guidance. Q4 revenue increased 9.7% year-over-year to $501.4 million, while total student enrollment grew 8.4% to 99,472. Full-year revenue rose 9.3% to $1,954.1 million, with diluted earnings per share reaching $7.04 and adjusted EPS of $8.25, representing 23.7% growth. The company repurchased $238 million in shares and repaid $50 million of debt during the fiscal year, maintaining a net leverage ratio of 0.5x as of June 30, 2026. Covista initiated fiscal 2027 guidance projecting revenue between $2,050 million and $2,090 million and adjusted EPS between $8.90 and $9.15. The company operates in the higher education sector, specifically as a healthcare educator training professionals through institutions including Chamberlain University, Walden University, and medical schools.