Franklin Covey Company - FC STOCK NEWS

FranklinCovey (NYSE: FC) has partnered with World of Business Ideas (WOBI) for the 2024 World Business Forum events. Stephen M. R. Covey and Anne H. Chow, renowned thought leaders and authors, will present at events in New York, Bogota, Mexico City, Madrid, and Sydney. Covey, bestselling author of 'The Speed of Trust' and 'Trust & Inspire', will share insights on trust, leadership, and culture. Chow, former CEO of AT&T Business and FranklinCovey Lead Director, will discuss creating high-performing teams and insights from her new book, 'LEAD BIGGER'.

The partnership aims to provide valuable business and performance acumen to international businesses. Other notable speakers at the events include Francis Ford Coppola, General David Petraeus, Amy Edmonson, and Gary Hamel. FranklinCovey CEO Paul Walker emphasized the importance of these presentations for implementing change and driving growth in organizations.

FranklinCovey (NYSE: FC) has launched the FranklinCovey Mobile App, exclusively for All Access Pass® customers. Powered by the FranklinCovey Impact Platform™, the app aims to drive significant behavior change at scale by providing flexible access to diagnostics, courses, and microlearning. This development responds to high client demand for a more flexible learning option, allowing users to access content anytime and anywhere. Available in 25 languages and on both Apple and Android platforms, the app is designed to enhance learner engagement and effectiveness. The Impact Platform combines content, coaching, community, and analytics to deliver measurable outcomes.

Franklin Covey (NYSE: FC) reported strong financial results for the third quarter of fiscal 2024, ending May 31, 2024. The company's revenue increased by 3% to $73.4 million, with net income up 25% to $5.7 million, or $0.43 per diluted share. Adjusted EBITDA rose by 17% to $13.9 million. The firm’s cash flows from operating activities increased to $38.4 million, and free cash flow grew to $30.6 million. The company's liquidity remains robust at nearly $100 million, bolstered by $36.6 million in cash and no drawdowns on a $62.5 million credit facility. The Education Division saw an 18% revenue increase, while the Enterprise Division experienced a slight decline due to decreased legacy training program revenue. The company reaffirmed its fiscal 2024 guidance, expecting Adjusted EBITDA to be at the lower end of the previously announced range of $54.5 million to $58 million.

The company also announced a new $50 million share repurchase program, replacing the previous one, with no expiration date. The strength of their subscription business model, which generates high levels of recurring revenue, was highlighted as a key factor in their solid performance.

Franklin Covey Co. (NYSE: FC), a leader in organizational performance improvement, announced it will report its third quarter fiscal 2024 financial results on Wednesday, June 26, 2024, after market close. A conference call to discuss the results will be held the same day at 5:00 p.m. ET (3:00 p.m. MT). Interested parties can access the live webcast or participate via telephone by registering at the provided link. A replay of the webcast will be available on the company's website for at least 30 days. Franklin Covey operates in over 160 countries, offering leadership and organizational improvement solutions through its All Access Pass®.

Franklin Covey Co. (NYSE: FC) announced a new common share purchase plan of up to $50.0 million, replacing the nearly depleted existing plan. The new plan has no expiration date and allows for repurchases through open market transactions or other means as per federal securities laws. The decision to purchase shares will be based on various factors, with no obligation to buy under the authorization.

FranklinCovey (NYSE: FC) has been selected for the 14th time to Training Industry's 2024 Top 20 Leadership Training Companies List. The company is known for its transformative leadership approach that helps organizations build exceptional leaders, teams, and cultures.

Franklin Covey Co. (FC) reports $61.3 million in revenue for Q2 2024, with strong subscription sales and a record $227.3 million in the rolling four quarters. Operating cash flows increase to $30.2 million. Adjusted EBITDA expected at $54.5 million. The company's liquidity stands at over $103 million.

Franklin Covey Co. (NYSE: FC) will hold a conference call on March 27, 2024, to discuss its second-quarter fiscal 2024 financial results. The call will take place at 5:00 p.m. ET (3:00 p.m. MT), with financial results released after the market closes. Interested parties can join via webcast or telephone registration.

FranklinCovey (FC) launches a new module, Navigating Difficult Conversations: Turn Tension Into Progress™, aimed at helping leaders and employees manage emotional tension in challenging conversations. The module provides mindset, skillset, and toolset to address uncomfortable issues and emotional reactions, fostering better communication and collaboration within teams and organizations.