Franklin Covey Company - FC STOCK NEWS

Franklin Covey Co. announces conference call to review Q4 and fiscal year 2023 financial results

FranklinCovey has been selected for Training Industry’s 2023 Top 20 Leadership Training Companies list for the 12th time. The company offers leadership development programs and solutions that help organizations build exceptional leaders, teams, and cultures. FranklinCovey's approach focuses on expanding a leader's impact, creating collective action and engagement, and driving breakthrough results. The FranklinCovey All Access Pass provides access to a vast library of content and resources.

FranklinCovey appoints Meisha Sherman as Chief People Officer. Sherman brings over 30 years of experience in human resources and has held leadership roles in various industries. She will focus on building a culture and workplace that values every employee.

FranklinCovey (NYSE: FC) announced significant enhancements to The 4 Disciplines of Execution® (4DX®) System and the 4DX® Platform, aiming to drive breakthrough results for clients. With organizations spending over $31 billion on ineffective strategy execution, FranklinCovey emphasizes the importance of a proven method to overcome these challenges. The updated system is designed for leaders and teams, offering new tools and resources, including a mobile app to enhance engagement and accountability.

These enhancements focus on simplifying the execution process, improving communication, and providing clear metrics for success. FranklinCovey's experience with over 140,000 teams highlights their commitment to helping organizations achieve their goals effectively.

FranklinCovey (NYSE: FC) has announced the release of a new book titled CHANGE: How to Turn Uncertainty Into Opportunity, authored by its change experts. The book, already a #1 Amazon Bestseller in Decision Making and Problem-Solving, aims to equip leaders with the tools to navigate change, including disruptive scenarios.

The authors present a framework to address common reactions to change, offering strategies to minimize disruption and maximize opportunities. Key topics include step-by-step engagement strategies and insights into the Five Common Reactions to Change such as Move, Minimize, Wait, Resist, and Quit. By utilizing the FranklinCovey Change Model, leaders can better prepare for, clarify, and inspire their teams through transitions.

Franklin Covey Co. (NYSE: FC) reported a 9% increase in consolidated sales for Q2 fiscal 2023, totaling $61.8 million compared to $56.6 million in Q2 fiscal 2022. This was bolstered by an 11% growth in All Access Pass and subscription services, totaling $35.4 million. The Education Division experienced a 28% revenue growth to $14.2 million. Deferred subscription revenue rose 22% to $145.8 million, while gross profit increased 7% to $47.2 million. Net income reached $1.7 million, or $0.12 per diluted share. The board approved a $50 million share buyback plan and the company affirmed its earnings guidance, expecting Adjusted EBITDA between $47 million and $49 million for fiscal 2023.