FRANKLIN COVEY CO reported second quarter of fiscal 2026 results: revenue $59.6 million, net income $(2.0) million, or $(0.17) per share, EPS $(0.17) per share. Guidance reaffirmed.
“S. Minuteman Drive, Suite 500 Draper, UT 84020 www.franklincovey.com FRANKLIN COVEY REPORTS SECOND QUARTER FISCAL 2026 FINANCIAL RESULTS Consolidated Second Quarter Revenue of $59.6 Million Invoiced Amounts in Enterprise North America Increases 7% Deferred Revenue Increases 7% to $101.5 Million Net Loss for the Second Quarter of $2.0 Million Adjusted EBITDA”
A. Derek Hatch was appointed as Chief Accounting Officer, Controller, and Treasurer at FRANKLIN COVEY CO.
“Effective May 1, 2025, A. Derek Hatch, age 59, will begin service as the Company’s Chief Accounting Officer (CAO), Controller, and Treasurer.”
Jessica Betjemann was appointed as Executive Vice President and Chief Financial Officer at FRANKLIN COVEY CO.
“Effective May 1, 2025, Jessica Betjemann will begin service as an Executive Vice President and the Company’s CFO.”
Stephen D. Young retired as Chief Financial Officer at FRANKLIN COVEY CO.
“Effective May 1, 2025, Stephen D. Young, after 24 years of service, will step down from his role as the Company’s Chief Financial Officer (CFO).”
Earnings Releases
FRANKLIN COVEY CO reported second quarter of fiscal 2024 results: revenue $61.3 million, net income $0.9 million, EPS $0.06 per diluted share. Guidance lowered.
“Salt Lake City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS Second Quarter Consolidated Revenue Totals $61.3 Million Compared with $61.8 Million in the Prior Year Second Quarter Subscription and Subscription Services Sales Total $50.3 Million and a Record $227.3 Million for the Rolling Four”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Ratification of the appointment of Deloitte & Touche, LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending August 31, 2024 at the 2024-01-19 meeting.
“The ratification of the appointment of Deloitte & Touche, LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending August 31, 2024 was approved with 10,998,347 votes cast in favor; 220,402 votes against; and 19,431 abstentions. There were no broker non-votes for this proposal.”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Advisory vote on the frequency of advisory votes on executive compensation at the 2024-01-19 meeting.
“The advisory vote on the frequency of advisory votes on executive compensation resulted in 8,282,921 votes for every year; 1,131 votes for every two years; 531,149 votes for every three years; and 22,126 abstentions. The number of broker non-votes was 2,400,853. Accordingly, advisory votes on executive compensation will continue to be held each year.”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Advisory vote for the approval of executive compensation at the 2024-01-19 meeting.
“The advisory vote for the approval of executive compensation as described and presented in the Compensation Discussion and Analysis of the Company’s Proxy Statement was approved with 8,295,416 votes in favor; 518,825 votes against; and 23,086 abstentions. The number of broker non-votes was 2,400,853.”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Election of Directors at the 2024-01-19 meeting.
“The following nominees for Director were elected. Each person elected will serve until the next annual meeting of shareholders or until such person’s successor is elected and qualified.”
Earnings Releases
FRANKLIN COVEY CO updated its first quarter fiscal 2024 guidance (reaffirmed).
“On January 4, 2024, Franklin Covey Co. (the Company) announced its financial results for the first quarter fiscal 2024”
Earnings Releases
FRANKLIN COVEY CO reported fourth quarter and full fiscal 2023, which ended on August 31, 2023 results: revenue $280.5 million.
“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”
Efrain Rivera was appointed as Director at FRANKLIN COVEY CO.
“On September 27, 2023, Franklin Covey Co. (the Company) appointed Mr. Efrain Rivera to its Board of Directors, effective immediately.”
Paul S. Walker was appointed as Director at FRANKLIN COVEY CO.
“effective July 1, 2023, the Board appointed Paul S. Walker as a member of the Company’s Board of Directors.”
Robert A. Whitman changed role as Executive Chairman at FRANKLIN COVEY CO.
“the Board determined that effective September 1, 2023, Robert A. Whitman will no longer serve as Executive Chairman of the Board of Directors, but will continue to serve as Chairman of the Board.”
Earnings Releases
FRANKLIN COVEY CO reported third quarter of fiscal 2023 results: revenue $71.4 million. Guidance reaffirmed.
“www.franklincovey.com FRANKLIN COVEY REPORTS RECORD SALES AND STRONG FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2023 Consolidated Sales Increase 8% to a Record $71.4 Million Compared with $66.2 Million in Fiscal 2022 Education Division Revenues Grow 18% over Fiscal 2022 Sum of Billed and Unbilled Deferred Subscription Revenue Increases 21% to”
Debt Financings
FRANKLIN COVEY CO incurred credit facility of up to $70.0 million with KeyBank National Association at SOFR plus 1.50% to SOFR plus 2.75% maturing March 27, 2028.
“subsidiaries, as applicable, also entered into a Security Agreement, Intellectual Property Security Agreement, and Guaranty of Payment. The 2023 Credit Agreement provides up to $70.0 million in total credit, of which $7.5 million will be used to replace the outstanding term loan balance from the 2019 Credit Agreement. The remaining $62.5 million will be available to”
Material Agreements
FRANKLIN COVEY CO terminated 2019 Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2023-03-27).
“On March 27, 2023, Franklin Covey Co. (the Company) entered into a new credit agreement (the 2023 Credit Agreement) with KeyBank National Association (KeyBank) leading a group of financial institutions (collectively, the Lenders), which replaced the Company’s previous credit agreement with JPMorgan Chase Bank, N.A. (the 2019 Credit Agreement).”
Material Agreements
FRANKLIN COVEY CO entered into 2023 Credit Agreement with KeyBank National Association valued at $70.0 million (effective 2023-03-27).
“On March 27, 2023, Franklin Covey Co. (the Company) entered into a new credit agreement (the 2023 Credit Agreement) with KeyBank National Association (KeyBank) leading a group of financial institutions (collectively, the Lenders), which replaced the Company’s previous credit agreement”
Earnings Releases
FRANKLIN COVEY CO reported second quarter of fiscal 2023, which ended on February 28, 2023 results: revenue $61.8 million. Guidance reaffirmed.
“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”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Ratification of appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm at the 2023-01-20 meeting.
“3. The ratification of the appointment of Deloitte & Touche, LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending August 31, 2023 was approved with 10,736,940 votes cast in favor; 226,531 votes against; and 41,712 abstentions. There were no broker non-votes for this proposal.”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Advisory vote on executive compensation at the 2023-01-20 meeting.
“2. The advisory vote for the approval of executive compensation as described and presented in the Compensation Discussion and Analysis of the Company’s Proxy Statement was approved with 8,120,773 votes in favor; 494,677 votes against; and 49,526 abstentions. The number of broker non-votes was 2,340,207.”
Shareholder Votes
FRANKLIN COVEY CO shareholders approved Election of directors at the 2023-01-20 meeting.
“1. The following nominees for Director were elected. Each person elected will serve until the next annual meeting of shareholders or until such person’s successor is elected and qualified. Nominee Number of Votes Cast For Number of Votes Withheld Broker Non-Votes Anne H. Chow 8,046,323 618,653 2,340,207 Craig Cuffie 8,562,077 102,899 2,340,207 Donald J. McNamara 8,456,631 208,345 2,340,207 Joel C. Peterson 8,602,513 62,463 2,340,207 Nancy Phillips 8,470,803 194,173 2,340,207 Derek C.M. van Bever 8,529,471 135,505 2,340,207 Robert A. Whitman 8,500,437 164,539 2,340,207”
Earnings Releases
FRANKLIN COVEY CO reported first quarter of fiscal 2023, which ended on November 30, 2022 results: revenue $69.4 million, net income $4.7 million. Guidance reaffirmed.
“FRANKLIN COVEY REPORTS STRONG FIRST QUARTER RESULTS TO START FISCAL 2023 Consolidated Sales Increase 13% to $69.4 Million Compared with $61.3 Million in Fiscal 2022, Sales Grow 14% for the Latest Four Quarters All Access Pass Subscription and Subscription Services Sales Grow 20% to $39.6 Million, Education Division Revenues Grow 23% over Fiscal 2022 Sum of Billed and Unbilled Deferred Subscription Revenue Increases 25% to $151.6 Million Compared with November 30, 2021 Net Income and Adjusted EBITDA Exceed Expectations, Net Income Increases 22% to $4.7 Million, Adjusted EBITDA Increases 16% to $11.5 Million, Latest Four Quarters Adjusted EBITDA Increases 28% to $43.7 Million Liquidity and Financial Position Remain Strong with Available Liquidity Exceeding $73 Million at November 30, 2022 Company Affirms Earnings Guidance for Fiscal 2023”
Earnings Releases
FRANKLIN COVEY CO reported the fourth quarter and full fiscal 2022 year which ended on August 31, 2022 results: revenue $262.8 million. Guidance initiated.
“City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS STRONG FULL YEAR AND FOURTH QUARTER RESULTS Fiscal 2022 Sales Increase 17%, or $38.7 Million, to a Record $262.8 Million, Fourth Quarter Sales Increase 1 4 % to $ 78.8 Million Full Year All Access Pass Subscription and Subscription Services Sales Grow 28 % to $14 4 . 5 Million, and Grow 26 % in”
Craig Cuffie was appointed as Director at FRANKLIN COVEY CO.
“On September 16, 2021, Franklin Covey Co. (the Company) appointed Mr. Craig Cuffie to its Board of Directors, effective immediately.”
Robert A. Whitman changed role as Executive Chairman and Chairman of the Board at FRANKLIN COVEY CO.
“Robert A. Whitman’s transition from Chief Executive Officer to Executive Chairman and Chairman of the Board”
Paul S. Walker was appointed as President and Chief Executive Officer at FRANKLIN COVEY CO.
“Mr. Walker’s compensation for his new role as the Company’s President and Chief Executive Officer”
Paul S. Walker was appointed as President and Chief Executive Officer at FRANKLIN COVEY CO.
“Effective September 1, 2021, Paul S. Walker will serve as the Company’s President and Chief Executive Officer.”
Robert A. Whitman was appointed as Executive Chairman at FRANKLIN COVEY CO.
“Effective September 1, 2021, Robert A. Whitman, the Company’s current Chairman and Chief Executive Officer (CEO) will continue to serve as Chairman of the Board, and transition his executive role to Executive Chairman.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.