secwatch.observer — SEC 8-K summary
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Issuer:     Covista Inc. (CVSA)
CIK:        0000730464
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0000730464-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Covista Q3 revenue up 4.5%, enrollment over 100k; raises FY2026 revenue and EPS guidance
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- Revenue $487M (+4.5% YoY); adjusted EPS $1.98 vs $1.92; GAAP EPS $1.20 vs $1.59.
- Total enrollment 100,585 (+6.8% YoY); Chamberlain returned to positive enrollment growth; Walden +12.3%.
- Raised FY2026 guidance: revenue $1,930-1,945M (prev $1,900-1,940M); adjusted EPS $7.95-8.15 (prev $7.80-8.00).
- Repurchased $66M shares in Q3; refinanced $510M Term Loan B due 2033; net leverage 0.7x.
- Medical schools 97% first-time residency; AI certificates w/ Google Cloud enrolled 4,000+ learners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730464/000073046426000021/0000730464-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730464/000073046426000021/cvsa-20260507x8k.htm
  HTML page:      https://secwatch.observer/filing/0000730464-26-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer