secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000886206-24-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Covey Q3 net income up 25% to $5.7M; adj EBITDA $13.9M (+17%); FY24 guidance at low end of $54.5-$58.0M
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- Q3 revenue $73.4M (+3% YoY); net income $5.7M ($0.43 diluted EPS), up from $4.6M ($0.32).
- Adjusted EBITDA $13.9M (+17% YoY); operating income $8.3M (+27%).
- Education Division revenue +18% to $20.1M; Enterprise Division down to $52.0M from $53.2M.
- Cash from operations 9 months $38.4M (+48%); free cash flow $30.6M (+96%).
- Board approved new $50M share repurchase plan; Q3 repurchases $7.4M (188,373 shares).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620624000038/0000886206-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620624000038/fc-20240626x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-24-000038

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