Covista Inc
DUS:DVY
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Covista Inc
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Covista Inc
Once a part of DeVry University, Adtalem Global Education Inc. has carved out its niche as a significant player in the educational landscape, primarily focusing on professional education. The company's journey began with a mission to empower students to achieve their goals and make informed career decisions. Its portfolio is now a robust blend of institutions that span varied fields like healthcare, financial services, and technology. Prominent entities under the Adtalem umbrella include the American University of the Caribbean School of Medicine, Chamberlain University, and Carrington College. Each of these institutions shares a common thread—equipping students with the skills and knowledge necessary to excel in demanding professions. Adtalem's business model thrives on a strategic combination of accreditation-driven programs, flexible learning options, and a commitment to outcomes-oriented education. Revenue generation is heavily anchored in tuition fees, supported by the company's refined admission processes and program offerings tailored to meet industry demands. By investing in high-growth sectors and optimizing digital learning environments, Adtalem ensures its institutions remain attractive to both domestic and international students. This strategic focus enables sustained enrollment levels, which are crucial for its revenue flow. The company’s dedication to enabling career success not only supports its growth objectives but also cements its role in the broader educational ecosystem, creating pathways for future professionals.
Once a part of DeVry University, Adtalem Global Education Inc. has carved out its niche as a significant player in the educational landscape, primarily focusing on professional education. The company's journey began with a mission to empower students to achieve their goals and make informed career decisions. Its portfolio is now a robust blend of institutions that span varied fields like healthcare, financial services, and technology. Prominent entities under the Adtalem umbrella include the American University of the Caribbean School of Medicine, Chamberlain University, and Carrington College. Each of these institutions shares a common thread—equipping students with the skills and knowledge necessary to excel in demanding professions.
Adtalem's business model thrives on a strategic combination of accreditation-driven programs, flexible learning options, and a commitment to outcomes-oriented education. Revenue generation is heavily anchored in tuition fees, supported by the company's refined admission processes and program offerings tailored to meet industry demands. By investing in high-growth sectors and optimizing digital learning environments, Adtalem ensures its institutions remain attractive to both domestic and international students. This strategic focus enables sustained enrollment levels, which are crucial for its revenue flow. The company’s dedication to enabling career success not only supports its growth objectives but also cements its role in the broader educational ecosystem, creating pathways for future professionals.
Strong finish: Covista exceeded its raised fiscal 2026 targets, with revenue up 9.3% to $1.95 billion and adjusted EPS up 23.7% to $8.25.
Broad growth: Walden led the quarter, while Chamberlain delivered a second consecutive quarter of total enrollment growth and Medical and Veterinary posted its strongest year in several years.
2027 outlook: Management expects revenue of $2,050 million to $2,090 million and adjusted EPS of $8.90 to $9.15, representing approximately 5% to 7% and 8% to 11% growth, respectively.
Chamberlain recovery: Management expects total enrollment growth to accelerate again in the first quarter, supported by stronger marketing, inquiries, applications and improved performance in both pre-licensure and post-licensure programs.
Strategic expansion: Six Chamberlain campuses are in development, three have full regulatory approval, and Cincinnati and Salt Lake are scheduled to open in the first half of fiscal 2027.
Employer partnerships: Covista is expanding its SSM relationship and launching a nursing workforce program with Advocate Health, with the first cohort starting in September.
Financial flexibility: Free cash flow rose 39% to $393 million, net leverage improved to 0.5x, and $662 million remains available under the share repurchase authorization.