Quarterly ResultAug 6, 2026, 04:33 PM
Covista FY26 Revenue $1.95B, Adj EPS $8.25; FY27 Guidance Initiated
AI Summary
Covista Inc. announced its fourth quarter and full year fiscal 2026 academic, operating, and financial results, exceeding its financial guidance. The company reported strong revenue and adjusted EPS growth for both the quarter and the full year, driven by increased student enrollment across its universities. Covista also initiated its fiscal year 2027 guidance, projecting continued revenue and adjusted EPS growth, and highlighted its new "Purpose at Scale" strategy.
Key Highlights
- Fiscal Year 2026 revenue was $1,954.1 million, up 9.3% year-over-year.
- Fiscal Year 2026 adjusted diluted EPS was $8.25, up 23.7% year-over-year.
- Fourth quarter 2026 revenue was $501.4 million, up 9.7% year-over-year.
- Fourth quarter 2026 adjusted diluted EPS was $2.09, up 25.9% year-over-year.
- Fiscal Year 2027 revenue guidance is $2,050 million to $2,090 million (5% to 7% growth).
- Fiscal Year 2027 adjusted EPS guidance is $8.90 to $9.15 (8% to 11% growth).
- Total student enrollment reached 99,472, up 8.4% year-over-year, marking 12 straight quarters of growth.
- Repurchased $238 million of shares and repaid $50 million of debt in FY26, with net leverage at 0.5x.
Price Impact
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