---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000155"
form_type: "8-K"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:57:54.188486+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000155
- form_type: 8-K
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000115752323000155/0001157523-23-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000115752323000155/a53298458.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000155
- JSON: https://secwatch.observer/filing/0001157523-23-000155.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000155.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000115752323000155/0001157523-23-000155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.