Adtalem Q2 revenue down 2.1% but adjusted EPS up 56%; margins expand, guidance reaffirmed

Covista Inc.

2023-Q2 EPS reported $0.57 revenue$717,861,000

Revenue $363.3M (-2.1% YoY); diluted EPS $0.52 vs $0.36; adjusted EPS $1.17 vs $0.75 (+56%).
Adjusted operating margin 21.9% (up from 18.9%); adjusted EBITDA $92.1M (+7%), margin 25.4% (up 220 bps).
Gross debt reduced by $50M (6.6% decrease from prior quarter end).
Walden enrollment down 7.8%; segment revenue $131.9M (-6.2% YoY). Chamberlain enrollment -0.8%, revenue +1.7%.
Reaffirmed FY2023 guidance: revenue $1.38B-$1.45B, adjusted EPS $3.95-$4.20.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Covista Inc. reported second quarter fiscal 2023 ended Dec. 31, 2022 results: revenue $363.3 million, net income $24.1 million, EPS $0.52. Guidance reaffirmed.

Period: second quarter fiscal 2023 ended Dec. 31, 2022
Revenue: $363.3 million
Net income: $24.1 million
EPS: $0.52
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of an improved macro dynamic for the benefit of all our stakeholders.” Financial Highlights Selected financial data for the three months ended Dec. 31, 2022: • Revenue of $363.3 million decreased 2.1% compared with the prior year • Diluted earnings per share increased to $0.52 from $0.36 in the prior year; adjusted earnings per share increased to $1.17 or by

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Source: SEC EDGAR

accession 0001157523-23-000155

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