Covista Inc.

Covista Inc. has appointed Ms. Emily Chiu and Ms. Leslie Storms as independent members of its Board of Directors, effective August 17, 2026. In conjunction with these appointments, the Board's size will increase from ten to twelve members. Both new directors will receive compensation including restricted stock units and annual cash compensation. Their diverse expertise in technology, healthcare, and education is expected to strengthen the board and support Covista's "Purpose at Scale" growth strategy.

Covista Inc. reported a significant 31.5% decrease in net income to $41.6 million for the third quarter of fiscal year 2026, primarily due to a $16.3 million loss from discontinued operations. Despite this, revenue for the quarter increased by 4.5% to $487.0 million, and income from continuing operations saw a slight decrease of 4.6% to $58.0 million. For the nine-month period, net cash provided by operating activities rose to $346.5 million, and the company repurchased $239.9 million of common stock.

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.

On April 9, 2026, Covista Inc. (CVSA) released an investor newsletter, providing updates to its stakeholders. The newsletter detailed key milestones, strategic developments, and operational progress, aiming to keep the investment community informed about the company's ongoing activities. This disclosure was made under Regulation FD to ensure the fair and broad dissemination of material non-public information.