Covista Q3 FY2026 revenue up 4.5%; raises FY2026 revenue and adjusted EPS guidance
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.