Franklin Covey Q2 FY2023 sales +9% to $61.8M, EPS $0.12 (vs $0.13), affirms FY guidance

FRANKLIN COVEY CO

2023-Q2 EPS reported $0.44 revenue$131,125,000

Consolidated sales $61.8M (+9% YoY); constant currency +11%; gross margin 76.4%.
All Access Pass subscription sales +11% to $35.4M; billed + unbilled deferred revenue +22% to $145.8M.
Education Division revenue +28% to $14.2M; Enterprise Division +6% to $46.6M.
Operating income $2.8M (vs $3.5M YoY); Adjusted EBITDA $8.2M (+2% YoY); net income $1.7M (vs $1.9M).
Board authorized $50M share buyback; new $70M credit facility closed March 27, 2023; FY2023 Adj. EBITDA guidance $47-49M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FRANKLIN COVEY CO reported second quarter of fiscal 2023, which ended on February 28, 2023 results: revenue $61.8 million. Guidance reaffirmed.

Period: second quarter of fiscal 2023, which ended on February 28, 2023
Revenue: $61.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Lake City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS STRONG FISCAL 2023 SECOND QUARTER RESULTS Consolidated Sales Increase 9% in the Second Quarter to $61.8 Million Compared with $56.6 Million in Fiscal 2022, Sales Grow 11% for the First Half of Fiscal 2023 All Access Pass Subscription and Subscription Services Sales in the Second Quarter

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Source: SEC EDGAR

accession 0000886206-23-000011

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