Franklin Covey reports record FY2023 sales $280.5M, Adjusted EBITDA up 14% to $48.1M; FY2024 guidance raised

FRANKLIN COVEY CO

FY2023 sales $280.5M (+7% YoY); net income $17.8M ($1.24 diluted) vs $18.4M ($1.27) prior year.
Adjusted EBITDA $48.1M (+14% YoY); guides FY2024 constant-currency Adjusted EBITDA $54.5M-$58.0M.
Deferred subscription revenue (billed+unbilled) up 22% to $186.4M; 54% of AAP contracts multi-year.
Q4 FY2023 sales $78.0M, net income $6.8M ($0.49 diluted) vs $5.6M ($0.39) prior year.
Repurchased 885,500 shares for $35.6M during FY2023; liquidity >$100M at year-end.

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 fourth quarter and full fiscal 2023, which ended on August 31, 2023 results: revenue $280.5 million.

Period: fourth quarter and full fiscal 2023, which ended on August 31, 2023
Revenue: $280.5 million
Result: reported results

Exact text from the filing

www.franklincovey.com FRANKLIN COVEY REPORTS STRONG FINANCIAL RESULTS FOR FULL YEAR FISCAL 2023 AND FOURTH QUARTER Consolidated Sales for the Year Increase 7% to a Record $280.5 Million Compared with $262.8 Million in Fiscal 2022 Education Division Revenues Grow 13% Compared with Fiscal 2022 Sum of Billed and Unbilled Deferred Subscription Revenue Increases

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Source: SEC EDGAR

accession 0000886206-23-000056

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