Oct 29, 4:16 PM ET
Covista reported first quarter fiscal 2027 revenue of $511.5 million, up 10.7% year over year, and diluted earnings per share of $1.95 versus $1.67 a year earlier. The company raised its fiscal 2027 revenue and adjusted EPS guidance, and CFO Robert Phelan announced a planned retirement that takes effect once a successor is named.
- Revenue of $511.5 million, up 10.7% year over year; total enrollment of 104,713, up 7.6%
- Diluted EPS $1.95 vs. $1.67 prior year; adjusted EPS $2.19 vs. $1.75
- Fiscal 2027 adjusted EPS guidance raised to $9.00 to $9.20 from $8.90 to $9.15; revenue guidance raised to $2,060 million to $2,095 million
- CFO Robert Phelan plans to retire and will serve until a successor is named; an active search is underway
Read the filing on SEC.gov ↗
Sep 23, 4:15 PM ET
Covista Inc. entered into Amendment No. 6 to its credit agreement on September 18, 2026, repricing all $510 million of outstanding term loans. The Term SOFR margin falls from 2.25% to 2.00%, and the base rate margin falls from 1.25% to 1.00%, which lowers the interest rate on the loans. The filing states that the other terms of the credit agreement were not materially changed.
- Amendment No. 6, dated September 18, 2026, repriced all $510 million of term loans, with Morgan Stanley Senior Funding, Inc. as administrative agent.
- Term SOFR margin reduced from 2.25% to 2.00%; base rate margin reduced from 1.25% to 1.00%.
- A 1.00% soft call applies to certain repricings or prepayments occurring within six months after the September 18, 2026 effective date.
- Other material terms are unchanged; the full amended agreement is filed as Exhibit 10.1.
Read the filing on SEC.gov ↗
Aug 6, 4:19 PM ET
Covista reported fourth-quarter and fiscal 2026 results for the year ended June 30, 2026, with revenue and diluted earnings per share both higher than the prior year. The company also issued fiscal 2027 guidance for revenue of $2,050 million to $2,090 million and adjusted earnings per share of $8.90 to $9.15. For shareholders, the headline measures improved and the company set a forward outlook, though the 8-K furnishes a press release rather than new audited statements.
- Fourth-quarter revenue was $501.4 million, up 9.7%, and GAAP diluted EPS was $2.06, versus $1.44 a year earlier.
- Fiscal 2026 revenue was $1,954.1 million, up 9.3%, and diluted EPS was $7.04, versus $6.18; adjusted EPS was $8.25, versus $6.67.
- Fiscal 2027 guidance calls for revenue of $2,050 million to $2,090 million and adjusted EPS of $8.90 to $9.15.
- During fiscal 2026 the company repurchased $238 million of shares and repaid $50 million of Term Loan B debt.
Read the filing on SEC.gov ↗
Jul 28, 4:15 PM ET
Covista Inc. appointed Emily Chiu and Leslie Storms as independent directors effective August 17, 2026, and the board increased its size from ten to twelve members. The filing says both will stand for re-election at the 2026 annual meeting, and their committee assignments have not yet been set.
- Appointments take effect August 17, 2026; board size rises from ten to twelve members.
- Each director receives a $150,000 equity retainer of restricted stock units after the annual meeting and $85,000 in annual cash compensation paid quarterly.
- After the appointments, 10 of Covista's 12 directors will be independent, according to the press release attached as Exhibit 99.1.
Read the filing on SEC.gov ↗
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