Franklin Covey Co - FC STOCK NEWS

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.

FranklinCovey has awarded C.R. England, Inc. and England Logistics, Inc. the Excellence in Execution Award for achieving the highest Execution Performance Score (XPS) among its clients globally. This recognition highlights their successful implementation of the 4 Disciplines of Execution (4DX) System since 2014, demonstrating exceptional commitment to achieving their Wildly Important Goals. The companies excelled in areas such as safety, on-time service, and driver retention. FranklinCovey emphasizes the importance of effective execution in strategy implementation, noting that many organizations struggle with this aspect.

Franklin Covey Co. (NYSE: FC) announced a conference call scheduled for March 29, 2023, at 5:00 p.m. ET to discuss its second quarter fiscal 2023 financial results. The financial results will be released after market close on the same day. Interested parties can join via a live audio webcast or telephone registration, with options for automated calls. Franklin Covey, a trusted leadership company operating in over 160 countries, focuses on organizational performance improvement through its All Access Pass, offering integrated content, solutions, and metrics for lasting change.

Franklin Covey Co. (NYSE: FC) reported a robust financial performance for the first quarter of fiscal 2023, ending November 30, with consolidated sales rising 13% to $69.4 million compared to $61.3 million in the previous year. Subscription services contributed significantly, with year-over-year growth of 20% to $39.6 million. Adjusted EBITDA increased 16% to $11.5 million, while net income climbed 22% to $4.7 million. The company affirmed its fiscal 2023 guidance, projecting Adjusted EBITDA between $47 million and $49 million. Liquidity remains strong at over $73 million.