Welcome to our dedicated page for Franklin Covey Co news (Ticker: FC), a resource for investors and traders seeking the latest updates and insights on Franklin Covey Co stock.
Franklin Covey Co (FC) delivers organizational performance solutions through leadership development and behavior-based training programs. This news hub provides investors and professionals with essential updates on the company's strategic initiatives, market positioning, and operational developments.
Access real-time announcements covering earnings reports, partnership agreements, product launches, and executive leadership programs. Our curated collection features official press releases alongside third-party analysis of FC's impact on workplace productivity and organizational effectiveness trends.
Key focus areas include updates on leadership training methodologies, execution management systems, and trust-building initiatives that drive FC's client results. Track developments in educational improvement programs and global expansion efforts through verified primary sources.
Bookmark this page for streamlined monitoring of FC's market-moving announcements and in-depth coverage of their unique approach to sustainable organizational change. Return regularly to maintain strategic awareness of this NYSE-listed performance improvement leader.
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®.
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