Covista Reports First Quarter Fiscal Year 2027 Results; Raises Fiscal Year 2027 Revenue and Adjusted EPS Guidance
Covista reported Q1 FY27 revenue of $511.5 million, up 10.7% YoY, with diluted EPS of $1.95 and adjusted EPS of $2.19, up 25.1% YoY. Total enrollment grew 7.6% to 104,713 students, marking a 13th straight quarter of growth, while adjusted EBITDA rose 17.1% to $131.2 million with a 25.6% margin. The company raised FY27 guidance to revenue of $2,060M-$2,095M and adjusted EPS of $9.00-$9.20, repurchased $84 million of shares, and repriced its $510M Term Loan B to SOFR plus 2.00% with net leverage at 0.5x.
Key figures
- Eps
- 1.95
- Revenue
- 511534000
- Guidance
- FY27 revenue $2,060M-$2,095M (5.5%-7% YoY growth, raised from $2,050M-$2,090M); adjusted EPS $9.00-$9.20 (9%-11.5% growth, raised from $8.90-$9.15)
- Revenue Yoy
- 10.7%
- Adjusted eps
- 2.19
- Net leverage
- 0.5x
- Enrollment yoy
- 7.6%
- Adjusted ebitda
- 131184000
- Gaap net income
- 67427000
- Operating income
- 98027000
- Total enrollment
- 104713
- Free cash flow q1
- 355173000
- Adjusted ebitda yoy
- 17.1%
- Term loan repricing
- SOFR plus 2.00%, margin reduced 25 bps
- Share repurchases q1
- $84 million
- Adjusted ebitda margin
- 25.6%
- Adjusted eps yoy growth
- 25.1%
AI analysis
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