Quarterly ResultMay 7, 2026, 04:20 PM
Covista Q3 Revenue $487M, Raises FY26 Guidance; Enrollment +6.8%
AI Summary
Covista Inc. reported strong third-quarter fiscal year 2026 results, with total student enrollment increasing 6.8% year-over-year to over 100,000 students. Revenue rose 4.5% to $487.0 million, or 8.4% when adjusted for a one-week academic shift at Walden University. The company also raised its full fiscal year 2026 revenue and adjusted earnings per share guidance, reflecting confidence in its "Growth with Purpose" strategy. Additionally, Covista repurchased $66 million in shares and refinanced its outstanding debt.
Key Highlights
- Total student enrollment reached 100,585, up 6.8% year-over-year.
- Q3 Revenue was $487.0 million, a 4.5% increase year-over-year.
- Adjusted Q3 diluted EPS was $1.98, compared to $1.92 in prior year.
- Raised FY26 revenue guidance to $1,930M-$1,945M (8-9% growth YoY).
- Raised FY26 adjusted EPS guidance to $7.95-$8.15 (19-22% growth YoY).
- Repurchased $66 million of shares in Q3.
- Refinanced outstanding debt into a $510 million Term Loan B.
- Chamberlain segment revenue was $197.0 million, up 2.3% YoY.