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Franklin Covey Company (NYSE: FC) is a globally recognized leader in performance improvement, offering a wide range of services to help organizations achieve significant results through behavior change. The company focuses on seven key areas: leadership, execution, productivity, trust, sales performance, customer loyalty, and education. Franklin Covey's mission is to enable greatness in people and organizations everywhere.
The company's core services include time management and effectiveness training for both individuals and corporations. They provide these services through a variety of formats, including online training, in-person workshops, and corporate events. Franklin Covey also offers consulting services to organizations looking to implement strategic initiatives and improve operational efficiencies.
Franklin Covey operates across three main business segments: Direct Offices, Education Practice, and International Licensees. Revenue is generated from training and consulting services, as well as from the sale of books, audio media, and other related products. The company has a significant presence in the United States and extends its reach to multiple international markets.
Recent achievements include the expansion of their talent network, which offers job alerts and matches opportunities to individual interests. This initiative aligns with their commitment to fostering leadership and excellence at every level. Franklin Covey continues to innovate and adapt to market needs, ensuring they remain at the forefront of performance improvement solutions.
For the latest updates and relevant information about Franklin Covey's performance, events, and developments, visit their official news section or join their talent network for new job opportunities.
Franklin Covey Co. (FC) reported a 27% increase in first-quarter sales, reaching a record $61.3 million compared to $48.3 million in the same period last year. Subscription and subscription services sales also grew by 27% to $33.1 million, with the education division's revenues up 56%. The company's operating income rose to $5.5 million, while adjusted EBITDA surged 167% to $9.9 million. Billed and unbilled deferred revenue climbed 24% to $121.1 million. With a strong liquidity position, the company remains optimistic about future growth.
Franklin Covey Co. (NYSE: FC) will hold a conference call on January 6, 2022, at 5:00 p.m. ET, to discuss its first quarter fiscal 2022 financial results, released after market close. Interested parties can join by calling 800-708-4540 or via webcast at here. A replay will be available from 7:30 p.m. ET on January 6 until January 20, 2022, on the company’s investor relations website.
FranklinCovey (NYSE: FC) has launched a new course, Change: How to Turn Uncertainty Into Opportunity, aimed at helping individuals and organizations navigate workplace change effectively. This course emphasizes the importance of understanding human reactions to change, highlighting that successful change relies on engaging all organizational levels, not just processes. The course is supported by research indicating only 26% of organizational transformations are deemed successful. Various learning modalities are available, with plans to offer translations in multiple languages by 2022.
Franklin Covey Co. (NYSE: FC) reported strong financial results for the fourth quarter and fiscal 2021, with sales reaching a record $68.9 million, a 41% increase year-over-year. Full-year sales rose 13% to $224.2 million, driven by a 41% surge in subscription services. Adjusted EBITDA grew 18% to $10.6 million in Q4, totaling $28.0 million for the year, a 96% increase. Cash flows from operating activities rose 68% to $46.2 million. The company holds $47.4 million in cash and expects substantial growth in its subscription model moving forward.
Franklin Covey Co. (NYSE: FC) will hold a conference call on November 9, 2021, at 5:00 p.m. ET to discuss its fourth quarter and fiscal 2021 year-end financial results. The financial results will be released after market close on the same day. Participants can join via phone or access a live webcast. A replay will be available from November 9 through November 23, 2021 on the Investor Relations section of the company’s website.
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Franklin Covey Co. (NYSE: FC) reported robust financial results for Q3 of fiscal 2021, concluding May 31, 2021. Consolidated sales reached a record $58.7 million, up from $37.1 million in 2020, driven by a 17% increase in All Access Pass (AAP) sales. Gross profit surged to $45.9 million, reflecting a 587 basis point improvement in gross margin. Adjusted EBITDA rose to $8.6 million, a substantial gain from a loss of $(3.6) million in 2020. The company's liquidity remained strong with $35.8 million in cash, and deferred subscription revenue increased by 25% to $96.6 million.
Franklin Covey Co. (NYSE: FC) announced a conference call for its third quarter fiscal 2021 financial results, scheduled for June 30, 2021, at 5:00 p.m. ET. The company will release its financial results after market close on the same day. Participants can join by calling 800-708-4539 or via webcast. A replay will be available from 7:30 p.m. ET on June 30 through July 14, 2021. Franklin Covey specializes in organizational performance improvement and serves numerous global clients across various sectors.
FranklinCovey (FC) has launched Jhana® for Individuals, a new training solution designed to enhance performance support for employees. This innovative program offers bite-size learning opportunities that fit into the workflow, promoting essential skills like emotional intelligence and resilience. Paul Walker, President and COO, highlighted the necessity for organizations to develop next-level skills to achieve objectives. Jhana is accessible via the FranklinCovey All Access Pass®, which has helped grow annual subscription revenue to nearly $100 million.
FranklinCovey Education has launched three new educational podcasts aimed at providing inspiration and life-changing content for educators, students, and administrators. The podcasts include Change Starts Here, The Empowering Teacher, and Realiteen Talks. Each podcast offers valuable discussions and interviews with industry experts, focusing on leadership, empowerment, and personal growth. The Change Starts Here podcast, hosted by Managing Director Dustin Odham, emphasizes unlocking human potential. New episodes are released weekly on platforms such as YouTube, Spotify, and Apple Podcasts.
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