Franklin Covey Co Stock Price, News & Analysis

FranklinCovey (NYSE: FC) announced the release of Trust & Inspire: How Truly Great Leaders Unleash Greatness in Others, authored by Stephen M. R. Covey and co-authors David Kasperson, McKinlee Covey, and Gary T. Judd. This book presents a new leadership model that promotes a shift from 'Command and Control' to 'Trust & Inspire,' focusing on unlocking employee potential for increased productivity. Endorsed by leaders from Microsoft, PepsiCo, and Zoom, the book emphasizes trust and collaboration, addressing the gap between workplace performance and potential.

Franklin Covey Co. reported a strong second quarter for fiscal 2022, with sales increasing 18% to $56.6 million, up from $48.2 million a year prior. Subscription services, including the All Access Pass, surged 29% to $32 million. Adjusted EBITDA rose 57% to $8 million. The company boasts $119.3 million in deferred revenue and maintains a robust liquidity position of $76 million. Notably, net income improved significantly to $1.9 million or $0.13 per share, a stark contrast to a net loss last year. The company has raised its earnings guidance for fiscal 2022.

Franklin Covey Co. (NYSE: FC) announced a conference call set for March 30, 2022, at 5:00 p.m. ET to discuss its second quarter fiscal 2022 financial results. The company's earnings report will be released after market close on the same day. Participants can join the call by dialing (800) 708-4540 or via a webcast accessible online. A replay will be available from March 30 through April 13, 2022.

Franklin Covey specializes in organizational performance improvement, offering solutions globally.

Mildred B. Janson Elementary in Rosemead, CA has been recognized as the second Leader in Me Legacy School globally by FranklinCovey Education. The announcement will be celebrated on February 25, 2022 at 9:00 a.m. This recognition spotlights the school's commitment to leadership and academic excellence, with 550 students enrolled, 77% qualifying for free or reduced lunch. Previously, A.B. Combs Elementary was honored as the first. Former principal Muriel Summers and representatives from Panda Cares will attend the event. The ceremony will be recorded for later viewing on the school's website.

Franklin Covey Co. (NYSE: FC) and Mango Publishing announce the release of their new book, Strikingly Different Selling: 6 Vital Skills to Stand Out and Sell More, launching on January 18. Co-authored by FranklinCovey Sales Performance Experts, the book addresses challenges faced by sales professionals in competitive environments. Research involved over 2,800 sales professionals across 135 countries. With a focus on differentiation, the authors present a formula to enhance sales effectiveness in both online and in-person interactions, aiming to improve win rates in a shifting sales landscape.

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.