Franklin Covey Reports Strong Fiscal 2024 Results

Franklin Covey ( (FC) ) has released its Q4 earnings. Here is a breakdown of the information Franklin Covey presented to its investors.

Franklin Covey Co., a global leader in organizational performance improvement, provides world-class content, training, and tools to drive systemic changes in human behavior for organizations and individuals. In its latest earnings report, Franklin Covey reported strong financial results for the fourth quarter and fiscal year 2024, with revenue and net income showing significant growth. The company achieved an 8% increase in consolidated fourth-quarter revenue to $84.1 million, while net income surged by 76% to $12 million. Adjusted EBITDA grew 39%, reaching $22.9 million, and the company reported impressive free cash flow of $48.9 million for the fiscal year. Franklin Covey’s Enterprise Division saw a 12% revenue increase, driven by strong All Access Pass subscriptions, while the Education Division added 728 new Leader in Me schools, contributing to a 5% revenue growth. The company’s liquidity remains robust with over $111 million available, and it continues to repurchase shares, totaling $30.7 million in fiscal 2024. Looking ahead, Franklin Covey plans to accelerate revenue growth through strategic investments in sales and marketing to expand its client base and increase market penetration. The company anticipates these initiatives will lead to double-digit revenue growth in the coming years, with a forecasted revenue range of $295 million to $305 million for fiscal 2025. Franklin Covey is positioned to capitalize on its market opportunities, aiming for sustained growth and attractive returns for shareholders.