Franklin Covey Company - FC STOCK NEWS

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.

Franklin Covey Co. (NYSE: FC) announced a conference call to discuss its Q1 fiscal 2023 results on January 5, 2023, at 5:00 p.m. ET. The financial results will be released after market close on the same day. Interested parties can access the call via audio webcast or telephone registration. Franklin Covey operates in over 160 countries, focusing on leadership development and organizational performance transformation through its All Access Pass® solutions.

FranklinCovey (NYSE: FC) has significantly updated its Project Management for the Unofficial Project Manager course, integrating agile and waterfall methodologies. This update addresses the increasing demand for project management skills among knowledge workers, as 65% of projects fail annually, impacting organizational resources. The updated course provides practical training for informal project managers to lead effectively, focusing on creating value, engaging stakeholders, and ensuring project success through a structured approach. The course is available in multiple formats on the FranklinCovey Impact Platform.

Franklin Covey Co. reported a 17% increase in fiscal 2022 sales, reaching a record $262.8 million, driven by strong subscription services. The fourth quarter sales rose 14% to $78.8 million, with All Access Pass subscriptions growing 28% year-over-year. Operating income surged 192% to $23.7 million, and adjusted EBITDA rose 51% to $42.2 million. Deferred subscription revenue increased 20% to $153.4 million. Despite international sales challenges, the company maintained strong liquidity with over $75 million available at year-end.

Franklin Covey Co. (NYSE: FC) will hold a conference call on November 2, 2022, at 5:00 p.m. ET to discuss its fourth quarter and fiscal 2022 year-end financial results. The results will be released after market close on the same day. Participation is available via phone at 866-374-5140 or through a webcast. A replay of the call will be accessible from November 2, 2022, 7:30 p.m. ET to November 16, 2022. Franklin Covey is recognized globally for transforming organizational performance and enhancing leadership capabilities.

FranklinCovey (NYSE: FC) announced the launch of the FranklinCovey Impact Platform™, a transformative tool aimed at generating behavior change at scale within organizations. This platform resulted from FranklinCovey's acquisition of Strive and combines content, facilitators, and coaches for OnDemand and facilitated learning experiences. The platform features assessments, microlearning, and actionable challenges to foster leadership skills. Designed to enhance user engagement and track measurable outcomes, it is available as part of FranklinCovey's All Access Pass subscription.