Franklin Covey Co - FC STOCK NEWS

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.

Franklin Covey Co. (NYSE: FC) and HarperCollins Leadership announced the release of Master Mentors: 30 Transformative Insights From Our Greatest Minds, Volume 2, authored by Scott Jeffrey Miller. This book provides insights from 30 notable figures, aimed at enhancing personal and professional growth. It features practical advice and thought-provoking questions, making it accessible for busy readers. Miller emphasizes the transformative potential of mentorship through shared stories. The book is defined by concise chapters that offer actionable strategies for aspiring leaders.

FranklinCovey (NYSE: FC) has launched a new leadership module, Fundamental Beliefs of Trust & Inspire Leaders, aimed at transforming leadership styles from 'Command & Control' to 'Trust & Inspire'. This initiative is based on content from Stephen M. R. Covey’s latest bestselling book, Trust & Inspire: How Truly Great Leaders Unleash Greatness in Others. The module is designed to help leaders at all levels unlock the potential of their teams, improving overall performance and motivation. It highlights the importance of trust in leadership, significantly impacting productivity by inspiring employees.

Franklin Covey Co. reported a 13% increase in Q3 sales, reaching $66.2 million, up from $58.7 million in 2021. Subscription services surged by 32% to $39.1 million, with education revenues climbing 21%. Billed and unbilled deferred revenue rose 21% to $116.5 million. Operating income increased by 91% to $5.9 million, while Adjusted EBITDA rose 27% to $10.9 million. Cash flows from operations grew 28% to $39.5 million, maintaining strong liquidity at $67 million. The company also raised its earnings guidance for FY 2022, reflecting confidence in its growth trajectory.

Franklin Covey Co. (NYSE: FC) will hold a conference call on June 29, 2022, at 5:00 p.m. ET to review its third quarter fiscal 2022 financial results, expected to be released after market close on the same day. Interested participants can join by phone or via a webcast linked in the press release. A replay of the call will be available from June 29 to July 13, 2022.

Franklin Covey, a leader in organizational performance improvement, operates in over 160 countries and has been transforming organizations for over 30 years.