Franklin Covey Co Stock Price, News & Analysis

Franklin Covey (NYSE: FC) reported strong Q4 2024 results with revenue increasing 8% to $84.1 million. Net income grew 76% to $12.0 million, while Adjusted EBITDA rose 39% to $22.9 million. For fiscal 2024, total revenue reached $287.2 million, with operating cash flows of $60.3 million. The Enterprise Division saw 12% Q4 growth, while Education Division remained stable. The company maintains strong liquidity of over $111 million, including $48.7 million in cash, with no credit facility drawdowns despite $30.7 million in share buybacks. Management announced plans for $16 million in strategic investments to accelerate growth, targeting double-digit revenue increases in coming years.

Franklin Covey (NYSE: FC) has announced its upcoming fourth quarter and fiscal year 2024 financial results conference call, scheduled for Wednesday, November 6, 2024, at 5:00 p.m. ET. The financial results will be released after market close on the same day. FranklinCovey, operating in over 160 countries, specializes in organizational performance improvement through leadership development, team building, and culture transformation via their All Access Pass® platform.

FranklinCovey (NYSE:FC) has won the 2024 Training Magazine Network Choice Award for Leadership Development for the fourth time. This recognition comes from the Training Magazine Network's 56,000-plus member community, who voted for the most effective vendor partners in six categories.

FranklinCovey's unique approach combines powerful content, expert consultants, and an innovative learning platform to support lasting behavior change. Through the All Access Pass®, clients can access a vast library of content, including assessments, training courses, and resources available in multiple formats. The company's solutions focus on areas such as strategic leadership, change management, and business execution.

CEO Paul Walker expressed gratitude for the recognition, emphasizing FranklinCovey's commitment to helping clients achieve extraordinary results through mobilizing their people's collective talent and action.

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®.