Filing Flows › Covista (CVSA) › Q1 FY27
Covista (CVSA) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 29, 2026
Covista (CVSA) reported revenue of $512M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +2% from the quarter before. Operating margin was 19.2%, net earnings $67.4M (13.2% of revenue).
Covista, Q1 FY27: revenue $512M (+11% year over year), operating margin 19.2%, net earnings $67.4M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $512M | +2% | +11% |
| Operating profit | $98.0M | +3% | +15% |
| Net earnings | $67.4M | -6% | +9% |
| Operating cash flow | $114M | -8% | -13% |
| Free cash flow | $76.4M | -21% | -33% |
What changed
Revenue was $511.5M in Q1 FY27, up 11% year over year and up 2% from the previous quarter. Walden was the largest line at 42% of revenue. Walden added $26.7M year over year (up 14%), 54% of the total change.
Operating profit was $98.0M, a 19.2% margin (up 0.7 points year over year). Of the extra revenue versus Q1 FY26, 25% reached operating profit, above the 18% margin then. Total costs grew 10% against revenue growth of 11%. Net earnings were $67.4M, up 9% year over year. The effective tax rate was 21.1%.
Operating cash flow was $114.0M (down 13% year over year), 169% of net earnings. Non-cash charges added back $12.3M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items added $26.2M. Capital expenditures of $37.6M left free cash flow of $76.4M.
Questions
What was Covista's revenue in the first quarter fiscal 2027?
Covista (CVSA) reported revenue of $512M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +2% from the quarter before.
Was Covista profitable in the first quarter fiscal 2027?
Operating profit was $98.0M (19.2% of revenue) and net earnings $67.4M.
Source: Covista 10-Q on SEC EDGAR.