Adtalem Global Education Reports Fiscal Q2 2022 Results, Revises Full-Year Guidance

Covista Inc.

2022-Q2 EPS reported -$0.81 revenue$660,268,000

Revenue rose 58.4% to $371.2M, driven by the Walden acquisition; diluted EPS fell to $0.36 from $0.44.
Adjusted diluted EPS from continuing operations was $0.75, up from $0.61; operating income excluding special items rose 70% to $70.2M.
Pending sale of Financial Services segment to a consortium of Wendel Group and Colibri Group to sharpen healthcare focus.
Full-year fiscal 2022 revenue guidance revised to $1.35B–$1.39B, adjusted EPS to $2.90–$3.10 from continuing operations.
COVID-19 headwinds, especially Omicron, continued to impact post-licensure nursing enrollments at Chamberlain and Walden.

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