Covista Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
CVSA$116.50+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(in thousands, except per share data)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended | ||||||||||||
| · · March 31, · · March 31, | ||||||||||||
| · · 2026 · · 2025 · · 2026 · · 2025 | ||||||||||||
| Revenue | | $487,030 | | $466,055 | | $1,452,703 | | $1,331,184 | ||||
| Operating cost and expense: | | | | | | | | | | | ||
| Cost of educational services | | 210,719 | | 199,869 | | 616,911 | | 572,500 | ||||
| Student services and administrative expense | | 184,106 | | 175,167 | | 542,631 | | 491,141 | ||||
| Restructuring expense | | 863 | | 510 | | 5,228 | | 2,926 | ||||
| Total operating cost and expense | | 395,688 | | 375,546 | | 1,164,770 | | 1,066,567 | ||||
| Operating income | | 91,342 | | 90,509 | | 287,933 | | 264,617 | ||||
| Interest expense | | (13,629) | | (13,074) | | (35,636) | | (41,465) | ||||
| Other income, net | | 232 | | 1,898 | | 4,422 | | 6,779 | ||||
| Income from continuing operations before income taxes | | 77,945 | | 79,333 | | 256,719 | | 229,931 | ||||
| Provision for income taxes | | (19,963) | | (18,539) | | (61,504) | | (51,716) | ||||
| Income from continuing operations | | 57,982 | | 60,794 | | 195,215 | | 178,215 | ||||
| Discontinued operations: | | | | | | | | | | | ||
| (Loss) income from discontinued operations before income taxes | | (21,860) | | 52 | | (20,810) | | 6,216 | ||||
| Benefit from (provision for) income taxes | | 5,515 | | (14) | | 5,440 | | (1,578) | ||||
| (Loss) income from discontinued operations | | (16,345) | | 38 | | (15,370) | | 4,638 | ||||
| Net income and comprehensive income | | $41,637 | | $60,832 | | $179,845 | | $182,853 | ||||
| | | | | | | | | | | | | |
| Earnings (loss) per share: | | | | | | | | | | | ||
| Basic: | | | | | | | | | | | ||
| Continuing operations | | $1.69 | | $1.64 | | $5.52 | | $4.76 | ||||
| Discontinued operations | | $(0.48) | | $0.00 | | $(0.43) | | $0.12 | ||||
| Total basic earnings per share | | $1.21 | | $1.64 | | $5.08 | | $4.88 | ||||
| Diluted: | | | | | | | | | ||||
| Continuing operations | | $1.67 | | $1.59 | | $5.42 | | $4.62 | ||||
| Discontinued operations | | $(0.47) | | $0.00 | | $(0.43) | | $0.12 | ||||
| Total diluted earnings per share | | $1.20 | | $1.59 | | $4.99 | | $4.74 | ||||
| | | | | | | | | | | | | |
| Weighted-average shares outstanding: | | | | | | | | | | | | |
| Basic shares | | | 34,283 | | | 37,140 | | | 35,381 | | | 37,434 |
| Diluted shares | | | 34,782 | | | 38,233 | | | 36,031 | | | 38,583 |
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