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. (NYSE: FC) regularly issues news and updates that reflect its role as an organizational performance company with Enterprise and Education divisions. Its announcements cover financial results, leadership changes, capital allocation decisions, and new course launches tied to its content and training offerings.
Investors following FC news will see quarterly and annual earnings releases that detail revenue by division and segment, subscription and subscription services revenue, deferred subscription revenue, and non-GAAP measures such as Adjusted EBITDA and Free Cash Flow. These releases often include management commentary on the company’s go-to-market transformation, multi-year contract mix, and trends in its Enterprise and Education divisions.
Franklin Covey’s news flow also includes disclosures about share repurchase authorizations and Rule 10b5-1 trading plans, which explain how the company uses stock repurchases within its capital allocation strategy. Additional items include conference call announcements for upcoming earnings discussions and summaries of those events in related SEC filings.
Beyond financial reporting, Franklin Covey issues news about new leadership development and communication courses, such as offerings based on bestselling books and programs designed to help leaders navigate disruption or improve writing effectiveness. The company also highlights events like the FranklinCovey Impact Conference, which features authors, leadership experts, and panels on topics including AI and leadership.
By monitoring this news page, readers can review Franklin Covey’s latest earnings results, strategic initiatives in its Enterprise and Education divisions, updates on share repurchase activity, and introductions of new courses and events that support its organizational performance focus.
Franklin Covey (NYSE: FC) reported Q1 fiscal 2025 results with revenue growing 1% to $69.1 million compared to $68.4 million in Q1 2024. The Education Division showed strong performance with 11% growth to $16.5 million, while Enterprise Division revenue slightly decreased to $51.6 million.
Net income decreased to $1.2 million ($0.09 per diluted share) from $4.9 million ($0.36 per diluted share) in Q1 2024. Adjusted EBITDA was $7.7 million, down from $11.0 million last year. The company maintains strong liquidity with $53.3 million in cash and no drawdowns on its $62.5 million credit facility.
The company affirmed its fiscal 2025 guidance, expecting revenue between $295-305 million and Adjusted EBITDA of $40-44 million in constant currency, factoring in $16 million of planned investments in sales and marketing initiatives.
Franklin Covey (NYSE: FC) has announced it will release its first quarter fiscal 2025 financial results on Wednesday, January 8, 2025, after market close. The company will host a conference call at 5:00 p.m. ET (3:00 p.m. MT) to discuss the results.
Interested participants can access the event through a live webcast or via telephone registration. A replay of the conference call webcast will be available on the company's website for at least 30 days. Franklin Covey operates in over 150 countries, focusing on organizational performance improvement through leadership development, team building, and culture transformation.
FranklinCovey (NYSE: FC) has announced the launch of its reimagined course, The 7 Habits of Highly Effective People®, updated to address modern workplace challenges. The course, based on the bestselling book that sold over 50 million copies worldwide, focuses on developing essential human skills in an era of advancing technology and AI.
The updated program addresses core organizational challenges through three main solutions: improving individual effectiveness, establishing collaborative teams, and creating strategic alignment. The course is structured around The Maturity Continuum®, featuring Private Victory® (Habits 1-3), Public Victory® (Habits 4-6), and Renewal (Habit 7). It's available in multiple formats, including Live In-Person, Live-Online, and On Demand, across 20 languages.
FranklinCovey (NYSE: FC) has appointed Holly Procter as Chief Revenue Officer to strengthen its executive team and drive revenue growth. Procter brings extensive experience from various industries, including roles at LinkedIn, Gallup, Clari, WeWork, and Incredible Health. Her expertise spans sales strategy, revenue growth, global expansion, and customer relationship management. She has a proven track record of exceeding revenue targets and building world-class revenue organizations. Procter holds an MBA and bachelor's degree from the University of Nebraska-Lincoln and will focus on transforming FranklinCovey's market approach and client service.
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.
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