Filing Flows › Covista (CVSA) › Q3 FY25
Covista (CVSA) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
Covista (CVSA) reported revenue of $466M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +4% from the quarter before. Operating margin was 19.4%, net earnings $60.8M (13.1% of revenue).
Covista, Q3 FY25: revenue $466M (+13% year over year), operating margin 19.4%, net earnings $60.8M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $466M | +4% | +13% |
| Operating profit | $90.5M | -13% | +47% |
| Net earnings | $60.8M | -20% | +65% |
| Operating cash flow | $208M | — | +35% |
| Free cash flow | $198M | — | +40% |
What changed
Revenue was $466.1M in Q3 FY25, up 13% year over year and up 4% from the previous quarter. Chamberlain was the largest line at 41% of revenue. Walden added $27.8M year over year (up 18%), 52% of the total change.
Operating profit was $90.5M, a 19.4% margin (up 4.5 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 15% margin then. Total costs grew 7% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $60.8M, up 65% year over year. The effective tax rate was 23.4%.
Operating cash flow was $207.9M (up 35% year over year), 342% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $10.3M of share-based compensation. Working capital and other items added $123.7M. Capital expenditures of $10.2M left free cash flow of $197.7M.
Questions
What was Covista's revenue in the third quarter fiscal 2025?
Covista (CVSA) reported revenue of $466M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +4% from the quarter before.
Was Covista profitable in the third quarter fiscal 2025?
Operating profit was $90.5M (19.4% of revenue) and net earnings $60.8M.
Source: Covista 10-Q on SEC EDGAR.