---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-24-000136"
form_type: "8-K"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:19:51.007757+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Adtalem Q2 revenue +8.4% to $393.2M, raises FY guidance; short seller report disclosed

## Summary
- Revenue $393.2M (+8.4% YoY); total enrollment 81,772 (+6.2%); Chamberlain enrollment +6.6%, Walden +7.9%.
- Diluted EPS $0.98; adjusted EPS $1.23 (+5.1% YoY); adjusted EBITDA $92.6M (+2.2%); margin 23.5%.
- FY2024 guidance raised: revenue $1,520-$1,560M (from $1,470-$1,530M); adj. EPS $4.55-$4.75 (from $4.25-$4.45).
- Completed $300M buyback; new $300M authorization through Jan 2027; repaid $50M Term Loan B; repriced $253M at 50bps lower; net leverage 1.5x.
- Filed risk factor re: short seller report published Jan 30 alleging misconduct; share price impacted; may lead to litigation/regulatory probes.

## SEC filing metadata
- accession: 0001157523-24-000136
- form_type: 8-K
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000115752324000136/0001157523-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000115752324000136/a53889834.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-24-000136
- JSON: https://secwatch.observer/filing/0001157523-24-000136.json
- Plain text: https://secwatch.observer/filing/0001157523-24-000136.txt

## Key facts
- Earnings Releases
  Covista Inc. reported second quarter fiscal 2024 (ended Dec. 31, 2023) results: revenue $393.2 million, net income $39.9 million, EPS $0.98 per diluted share. Guidance raised.
  - Period: second quarter fiscal 2024 (ended Dec. 31, 2023)
  - Revenue: $393.2 million
  - Net income: $39.9 million
  - EPS: $0.98 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Guidance Raised Revenue up 8.4% YoY Total enrollment up 6.2% YoY Diluted earnings per share $0.98; Adjusted EPS $1.23, growth of 5.1% YoY Second quarter highlights ● Revenue $393.2 million, up 8.4% year-over-year ● Total student enrollment 81,772, up 6.2% year-over-year ● Chamberlain University fourth straight quarter of total enrollment growth, up 6.6%
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000115752324000136/0001157523-24-000136-index.htm

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