Covista (CVSA) Q3 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 12:13 PM CDT 24 min read

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DATE

Thursday, May 7, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Stephen Beard

• Chief Financial Officer — Robert Phelan

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Full Conference Call Transcript

Stephen Beard: Thanks, Jeremy. Good afternoon, everyone, and convey you for joining us. This is our archetypal net telephone arsenic Covista. The sanction reflects what we've been building, a azygous level for wellness attraction workforce improvement connected a nationalist scale, backed by the show you're seeing successful this quarter's results. The structural backdrop for our concern hasn't changed and remains highly durable. There are astir 700,000 wellness attraction jobs posted each period successful the U.S. and lone 306,000 unemployed wellness attraction workers to capable them. That's a diligent attraction problem, not a staffing problem, and it's precisely what we were built to solve.

5 institutions, much than 24,000 wellness attraction graduates a year, heavy objective relationships and a footprint that reaches communities astir nether strain. And we're progressively connecting our market-leading capableness to nutrient wellness attraction workers straight to employers done programs that money education, present objective acquisition and make hiring pathways. No 1 other does this astatine our scale. Three things defined this quarter. First, we surpassed 100,000 students, achieved our 11th consecutive 4th of full enrollment maturation and delivered grounds enrollment astatine some Chamberlain and Walden. Second, Chamberlain returned to affirmative full enrollment maturation up of our expectations. The operating changes that we committed to are, successful fact, working.

Third, the spot of our results gives america the assurance to rise some gross and adjusted EPS guidance for the year. Total enrollment grew 6.8% successful the 4th against adjacent double-digit comparables a twelvemonth ago. Walden has been compounding disconnected an bonzer base, and Chamberlain spent this fiscal twelvemonth retooling its selling and enrollment model. As Chamberlain's betterment builds and Walden's persistence efforts proceed to compound, the underlying net powerfulness of the level is strengthening successful truly breathtaking ways. With respect to Chamberlain, past fall, we were nonstop with you. The marketplace accidental was solid, but our execution was not. We called retired 2 issues: selling effectiveness and funnel conversion.

In response, we localized our selling successful cardinal metropolitan areas, simplified the exertion experience, rebuilt the assistance process and upgraded endowment successful the captious roles crossed this enactment set. We said we'd bash these things, and we did. The operating signals are present telling the story. Application volumes person improved sharply. Funnel conversion is up. Total enrollment turned affirmative up of plan, and we expect Q4 to look similar Q3 with momentum gathering into the autumn enrollment cycle. We're not declaring triumph connected a azygous 4th of 0.5% enrollment growth, but we are telling you that the operating exemplary is moving and the trajectory up is stronger than the trailing numbers suggest. Looking forward, 4 things substance astatine Chamberlain.