Covista (CVSA) Reports Strong Q1 2027 Results and Raises Full-Year Guidance
Covista Inc. (CVSA) delivered a robust first quarter for fiscal 2027, reporting revenue of $511.5 million, a 10.7% increase year-over-year. This growth was driven by strong performance across all operating segments, particularly in the Walden and Chamberlain divisions. Total student enrollment reached 104,713, marking the company's 13th consecutive quarter of expansion. Driven by first-quarter outperformance, management raised its full-year fiscal 2027 guidance for both revenue ($2.06 billion to $2.095 billion) and adjusted EPS ($9.00 to $9.20). The company also demonstrated strong capital management through $84 million in share repurchases and a reduction in interest expense, supported by a healthy cash position of $222.2 million.
Tickers: $WLN
Topics: earnings per share guidance raise revenue growth share repurchases student enrollment