Covista — First Quarter Fiscal Year 2027 Earnings Summary

Covista Inc. reported first-quarter fiscal 2027 results with total enrollment reaching 104,713 students, a 7.6% increase year-over-year, and revenue rising 10.7% to $511.5 million. The company achieved diluted earnings per share of $1.95 and adjusted earnings per share of $2.19, reflecting a 25.1% year-over-year growth in adjusted EPS. Covista raised its full-year fiscal 2027 revenue guidance to a range of $2,060 million to $2,095 million and adjusted EPS guidance to $9.00 to $9.20. Additionally, the company repurchased $84 million of shares during the quarter and announced the planned retirement of Chief Financial Officer Robert Phelan.