Every material Form 8-K Covista has filed with the SEC since January 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
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.
Covista reported third quarter fiscal 2026 results for the quarter ended March 31, 2026, with revenue of $487.0 million, up 4.5% year-over-year, and raised its fiscal 2026 revenue and adjusted earnings per share guidance. GAAP net income fell to $41.6 million from $60.8 million, and diluted EPS fell to $1.20 from $1.59, after a $16.3 million loss from discontinued operations. Shareholders get higher guidance and growing revenue, but reported profit declined in the quarter.
Revenue $487.0 million, up 4.5% year-over-year; up 8.4% when adjusted for a one-week Walden academic shift
GAAP net income $41.6 million vs. $60.8 million prior year; diluted EPS $1.20 vs. $1.59, including a $16.3 million loss from discontinued operations
Adjusted EPS $1.98 vs. $1.92 prior year
FY2026 revenue guidance raised to $1,930 million-$1,945 million from $1,900 million-$1,940 million; adjusted EPS guidance raised to $7.95-$8.15 from $7.80-$8.00
Covista Inc. entered into a credit agreement amendment on March 2, 2026, raising $510 million in new term loans maturing March 2, 2033, and used the proceeds to repay existing term loans and fully redeem its 5.50% Senior Secured Notes due 2028. The amendment cuts the term loan interest rate margin by 0.50%, which lowers borrowing costs, while the redemption payment included about $404,950,000 of note principal.
New term loans total $510 million, maturing March 2, 2033, at Term SOFR plus 2.25% (0.75% SOFR floor) or alternate base rate plus 1.25%
Term loan interest rate margins reduced by 0.50% under the amendment
Notes redeemed at 100.00% of principal, about $404,950,000 of principal plus accrued interest, with the indenture satisfied and discharged
Redemption notice was sent February 13, 2026; Morgan Stanley Senior Funding, Inc. is administrative agent
Adtalem Global Education (NYSE: ATGE) reported second quarter fiscal 2026 revenue of $503.4 million, up 12.4%, and raised its fiscal 2026 adjusted earnings per share guidance to $7.80 to $8.00, while keeping its revenue guidance unchanged. The results include $18.0 million of incremental Walden revenue from a shifted academic week, and Chamberlain's operating income fell 24.2%, so shareholders may weigh the strength of the headline growth against those factors. Note: this 8-K was filed by Adtalem Global Education Inc., not Covista Inc. (CVSA) as the request stated.
Q2 fiscal 2026 revenue $503.4 million, up 12.4% year-over-year; diluted EPS $2.11 vs. $1.98; adjusted EPS $2.43 vs. $1.81, up 34.3%
Fiscal 2026 adjusted EPS guidance raised to $7.80 to $8.00 from $7.60 to $7.90; revenue guidance maintained at $1,900 million to $1,940 million
Chamberlain Q2 operating income $32.0 million vs. $42.2 million a year earlier, down 24.2%; Walden operating income rose 53.8% to $75.2 million
New $750 million share repurchase program through December 2028; $165 million of shares repurchased in Q2
Adtalem Global Education reported first quarter fiscal 2026 results for the three months ended Sept. 30, 2025, with revenue up 10.8% to $462.3 million and diluted EPS of $1.67, versus $1.18 a year earlier. The company maintained its fiscal 2026 guidance and announced an Investor Day for Feb. 24, 2026. The filing is from Adtalem Global Education Inc., not Covista Inc. as named in the request, and the filing does not state a ticker.
Revenue $462.3 million, up 10.8% from $417.4 million a year earlier
Diluted EPS $1.67 vs. $1.18; adjusted EPS $1.75 vs. $1.29, up 35.7%
Fiscal 2026 guidance maintained: revenue $1,900 million to $1,940 million; adjusted EPS $7.60 to $7.90
$142 million remains under the $150 million share repurchase program through May 2028
Adtalem Global Education reported fiscal 2025 results for the year ended June 30, 2025, with revenue of $1.79 billion, up 12.9%, and diluted earnings per share of $6.18, compared with $3.39 a year earlier. It also initiated fiscal 2026 guidance calling for revenue of $1.90 billion to $1.94 billion and adjusted earnings per share of $7.60 to $7.90. Separately, on August 6, 2025, it amended its credit agreement to add $100.0 million of revolving commitments, bringing the total to $500.0 million, and extended the facility's maturity to August 6, 2030.
Fiscal 2025 GAAP net income was $237.1 million, compared with $136.8 million; fourth-quarter revenue was $457.1 million, up 11.5%.
Fiscal 2026 guidance: revenue of $1.90 billion to $1.94 billion and adjusted EPS of $7.60 to $7.90.
Revolving facility commitments rose by $100.0 million to $500.0 million, with maturity extended to August 6, 2030; drawn loans priced at SOFR plus 2.25% to 3.00%.
Adtalem Global Education Inc. (NYSE: ATGE) reported third-quarter fiscal 2025 revenue of $466.1 million, up 12.9%, and diluted EPS of $1.59 versus $0.93 a year earlier, and raised its fiscal 2025 guidance. The Board also authorized a new $150 million share repurchase program through May 2028. Note that the filing is from Adtalem, not Covista Inc. (CVSA) as the request header states.
Revenue of $466.1 million, up 12.9% year over year; net income of $60.8 million versus $36.8 million
Adjusted EPS of $1.92 versus $1.50 a year earlier; diluted EPS of $1.59 versus $0.93
Fiscal 2025 guidance raised to revenue of $1,760 million to $1,775 million and adjusted EPS of $6.40 to $6.60
New $150 million share repurchase program through May 2028, following completion of a $300 million program on May 5, 2025
Adtalem Global Education Inc. (NYSE: ATGE) reported second quarter fiscal 2025 results on January 30, 2025, with revenue up 13.9% and diluted EPS of $1.98 versus $0.98 a year earlier. The company raised its fiscal 2025 revenue and adjusted EPS guidance, and the filing was made by Adtalem, not Covista Inc. (CVSA) as named in the request.
Revenue of $447.7 million, up 13.9% year-over-year; total enrollment of 91,264, up 11.6%
Diluted EPS of $1.98 versus $0.98 prior year; adjusted EPS of $1.81 versus $1.23
Fiscal 2025 revenue guidance raised to $1,730 million to $1,760 million; adjusted EPS guidance of $6.10 to $6.30
Repurchased $38 million of shares; $140 million remains under the $300 million authorization through January 2027
On November 13, 2024, Adtalem's board unanimously elected President and CEO Stephen W. Beard as chairman, so he now holds both roles, succeeding Michael W. Malafronte, who remains on the board as lead independent director. The same day, shareholders elected all ten director nominees and approved the PricewaterhouseCoopers LLP auditor ratification and an advisory vote on executive compensation. The filing names Adtalem Global Education Inc. (NYSE: ATGE), not Covista Inc. (CVSA) as shown in the filing header.
November 13, 2024: board unanimously elected CEO Stephen W. Beard as chairman, effective immediately; Malafronte becomes lead independent director.
Annual meeting, November 13, 2024: all ten directors elected; Beard received 33,253,740 votes for and 66,330 against.
PricewaterhouseCoopers LLP ratification passed with 33,848,340 for and 629,766 against; advisory executive pay vote passed with 31,744,452 for and 847,326 against.
Adtalem Global Education Inc. (NYSE: ATGE) reported first-quarter fiscal 2025 results for the period ended September 30, 2024, with revenue up 13.2% and diluted EPS of $1.18 versus $0.25 a year earlier, and raised its fiscal 2025 guidance. The filing names Adtalem (ATGE), not Covista Inc. (CVSA) as stated in the request, so this summary covers Adtalem's filing.
Revenue of $417.4 million, up 13.2% year-over-year; total student enrollment of 90,140, up 11.2%
Diluted EPS $1.18 vs. $0.25 a year earlier; adjusted EPS $1.29 vs. $0.93
Fiscal 2025 guidance: revenue $1,690 million to $1,730 million; adjusted EPS $5.75 to $5.95
Repurchased $34 million of shares; $178 million remaining under $300 million authorization through January 2027
Adtalem Global Education Inc. (NYSE: ATGE) reported higher fourth-quarter and fiscal 2024 revenue, net income and diluted earnings per share for the year ended June 30, 2024, and initiated fiscal 2025 guidance of $1.66 billion to $1.70 billion in revenue and $5.60 to $5.85 in adjusted EPS. The filing names Adtalem, not Covista Inc. (CVSA) as stated in the request, so the company identity in this report follows the filing. Shareholders get a growth update plus a forward outlook, along with $261 million of fiscal 2024 share repurchases.
Fiscal 2024 revenue $1.58 billion, up 9.2%; diluted EPS $3.39 vs $2.05; net income $136.8 million vs $93.4 million
Fourth-quarter revenue $409.9 million, up 12.4%; diluted EPS $1.28 vs $0.50 a year earlier
Fiscal 2025 guidance: revenue $1.66 billion to $1.70 billion; adjusted EPS $5.60 to $5.85
Repurchased $261 million of shares in fiscal 2024; $212 million remains under $300 million authorization through January 2027
Adtalem Global Education (NYSE: ATGE) reported fiscal Q3 2024 revenue of $412.7 million, up 11.8%, and raised its fiscal 2024 revenue and adjusted EPS guidance. GAAP net income fell to $36.8 million from $45.9 million, but adjusted EPS rose to $1.50 from $1.13. Note: this 8-K is filed by Adtalem, not Covista Inc. (CVSA) as the request stated.
Revenue $412.7 million, up 11.8% from $369.1 million; total enrollment 85,809, up 7.8%
FY2024 revenue guidance raised to $1,560 million to $1,580 million from $1,520 million to $1,560 million
FY2024 adjusted EPS guidance raised to $4.80 to $5.00 from $4.55 to $4.75
Diluted GAAP EPS $0.93 vs $1.00 a year earlier; repurchased $91 million of shares
Adtalem Global Education (NYSE: ATGE) reported fiscal second-quarter 2024 revenue of $393.2 million, up 8.4%, and diluted EPS of $0.98, versus $0.53 a year earlier, then raised its fiscal 2024 revenue and adjusted EPS guidance. The 8-K was filed by Adtalem, not Covista Inc. (CVSA) as the request stated, and it also discloses a short seller report published January 30, 2024 that the company says hurt its share price.
Q2 fiscal 2024 revenue $393.2 million, up 8.4%; diluted EPS $0.98 versus $0.53 a year earlier
Fiscal 2024 revenue guidance raised to $1,520 million to $1,560 million from $1,470 million to $1,530 million
Fiscal 2024 adjusted EPS guidance raised to $4.55 to $4.75 from $4.25 to $4.45
New $300 million share repurchase program authorized, running through January 2027
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