Franklin Covey Co. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2013; Affirms Earnings Guidance for Fiscal 2014
January 07, 2014 at 09:12 pm
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Franklin Covey Co. reported unaudited consolidated earnings results for the first quarter ended November 30, 2013. For the quarter, the company reported net sales of $43.418 million compared to $44.061 million a year ago. Income from operations was $3.506 million compared to $5.292 million a year ago. Income before income taxes was $2.947 million compared to $4.693 million a year ago. Net income was $1.719 million or $0.10 per diluted share compared to $2.897 million or $0.15 per diluted share a year ago. Adjusted EBITDA was $6.021 million compared to $7.089 million a year ago.
The company affirmed earnings guidance for fiscal 2014. Given strong booking momentum, and the expected shift of postponed contractual government services' revenue into subsequent quarters, the Company affirmed its previously-announced annual guidance range for Adjusted EBITDA of $35 million to $37 million.
Franklin Covey Co. is a global company focused on performance improvement. The Companyâs sales are primarily comprised of training and consulting services and its internal reporting and operating structure, which are organized around two divisions: Enterprise Division and Education Division. The Enterprise Division, which consists of its Direct Office and International Licensee segments. The Education Division, which is comprised of its Education practice. Its Direct Office segment includes its sales personnel that serve the United States and Canada; its international sales offices located in Japan, China, the United Kingdom, Australia, Germany, Switzerland, and Austria; its government services sales channel; and its book and audio sales. Its International Licensees segments consists of its international licensees. Its Education Practice segment includes its domestic and international Education practice operations. It is also focused on leasing operations, shipping and handling.
Franklin Covey Co. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2013; Affirms Earnings Guidance for Fiscal 2014
FRANKLIN COVEY CO. 
