Franklin Covey Co Stock Price, News & Analysis

FranklinCovey (NYSE: FC) announced the launch of the FranklinCovey Impact Platform™, a transformative tool aimed at generating behavior change at scale within organizations. This platform resulted from FranklinCovey's acquisition of Strive and combines content, facilitators, and coaches for OnDemand and facilitated learning experiences. The platform features assessments, microlearning, and actionable challenges to foster leadership skills. Designed to enhance user engagement and track measurable outcomes, it is available as part of FranklinCovey's All Access Pass subscription.

Franklin Covey Co. (NYSE: FC) and HarperCollins Leadership announced the release of Master Mentors: 30 Transformative Insights From Our Greatest Minds, Volume 2, authored by Scott Jeffrey Miller. This book provides insights from 30 notable figures, aimed at enhancing personal and professional growth. It features practical advice and thought-provoking questions, making it accessible for busy readers. Miller emphasizes the transformative potential of mentorship through shared stories. The book is defined by concise chapters that offer actionable strategies for aspiring leaders.

FranklinCovey (NYSE: FC) has launched a new leadership module, Fundamental Beliefs of Trust & Inspire Leaders, aimed at transforming leadership styles from 'Command & Control' to 'Trust & Inspire'. This initiative is based on content from Stephen M. R. Covey’s latest bestselling book, Trust & Inspire: How Truly Great Leaders Unleash Greatness in Others. The module is designed to help leaders at all levels unlock the potential of their teams, improving overall performance and motivation. It highlights the importance of trust in leadership, significantly impacting productivity by inspiring employees.

Franklin Covey Co. reported a 13% increase in Q3 sales, reaching $66.2 million, up from $58.7 million in 2021. Subscription services surged by 32% to $39.1 million, with education revenues climbing 21%. Billed and unbilled deferred revenue rose 21% to $116.5 million. Operating income increased by 91% to $5.9 million, while Adjusted EBITDA rose 27% to $10.9 million. Cash flows from operations grew 28% to $39.5 million, maintaining strong liquidity at $67 million. The company also raised its earnings guidance for FY 2022, reflecting confidence in its growth trajectory.

Franklin Covey Co. (NYSE: FC) will hold a conference call on June 29, 2022, at 5:00 p.m. ET to review its third quarter fiscal 2022 financial results, expected to be released after market close on the same day. Interested participants can join by phone or via a webcast linked in the press release. A replay of the call will be available from June 29 to July 13, 2022.

Franklin Covey, a leader in organizational performance improvement, operates in over 160 countries and has been transforming organizations for over 30 years.

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.