Franklin Covey Co. reported unaudited consolidated earnings results for the first quarter ended November 28, 2015. For the quarter, the company reported net sales of $45.218 million compared to $47.875 million a year ago. Income from operations was $1.760 million compared to $3.588 million a year ago. Income before income taxes was $1.296 million compared to $3.030 million a year ago. Net income was $0.790 million or $0.05 per diluted share compared to $1.828 million or $0.11 per diluted share a year ago. Adjusted EBITDA was $4.475 million compared to $5.879 million a year ago. Cash provided by operating activities increased $9.0 million to $7.1 million compared with net cash used for operating activities of $1.9 million in the first quarter of the prior year.

The Company affirms its previously-announced annual guidance range for Adjusted EBITDA of $34 million to $36 million, excluding the impact of changes in foreign exchange during the year.