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Last $18.68 USD
Change Today -0.29 / -1.53%
Volume 24.9K
FC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

franklin covey co (FC) Snapshot

Open
$18.84
Previous Close
$18.97
Day High
$18.86
Day Low
$18.65
52 Week High
06/6/14 - $22.75
52 Week Low
01/16/15 - $16.68
Market Cap
314.9M
Average Volume 10 Days
32.4K
EPS TTM
$0.94
Shares Outstanding
16.9M
EX-Date
--
P/E TM
19.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FRANKLIN COVEY CO (FC)

franklin covey co (FC) Related Businessweek News

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franklin covey co (FC) Details

Franklin Covey Co. provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company also offers clients with training in management skills, relationship skills, and individual effectiveness, as well as personal-effectiveness literature and electronic educational solutions. In addition, it sells a suite of individual-effectiveness and leadership-development training products; and books, e-books, audio media, downloadable and paper-based tools, content-rich software applications for smart phones and other handheld devices, training accessories, and other related products. The company delivers its products and services through onsite presentations, client facilitators, international licensees, e-learning, public workshops, custom solutions, intellectual property licenses, and media publishing methods to organizational clients, including corporations, governmental agencies, educational institutions, and other organizations, as well as individual clients. Franklin Covey Co. was founded in 1983 and is headquartered in Salt Lake City, Utah.

825 Employees
Last Reported Date: 11/14/14
Founded in 1983

franklin covey co (FC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $525.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $320.0K
Executive Vice-President of Global Sales & De...
Total Annual Compensation: $300.0K
Executive Vice President of Global Solutions ...
Total Annual Compensation: $300.0K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

franklin covey co (FC) Key Developments

Franklin Covey Co. Announces Consolidated Unaudited Financial Results for its Second Quarter and Six Months Ended February 28, 2015; Provides Earnings Guidance for the Second Hal Year and Full Year of 2015

Franklin Covey Co. announced consolidated unaudited financial results for its fiscal second quarter and six months ended February 28, 2015. For the quarter, the company reported net sales of $46,316,000 against $46,506,000 a year ago. Income from operations was $1,181,000 against $3,899,000 a year ago, reflecting the combination of lower gross profit and increased operating expenses. Income before income taxes was $753,000 against $3,307,000 a year ago. Net income was $427,000 against $1,971,000 a year ago. Net income per diluted share was $0.02 against $0.12 a year ago. Adjusted EBITDA was $3,847,000 against $6,620,000 a year ago. The second quarter of fiscal 2015 was also up against a tough comparison with last year due to the successful launch of the re-created The 7 Habits of Highly Effective People Signature Program, which had a significant impact on prior year sales in English speaking markets. The company’s second quarter adjusted EBITDA was affected by $0.8 million of foreign exchange related costs, including $0.4 million of transaction losses; the costs associated with hiring new client partners and new Education practice coaches; and holding additional marketing events and selling initiatives during the quarter. Cash increased to $18.6 million at the end of the second quarter, with no borrowings on its line of credit facility, compared with $7.6 million of cash at the end of the first quarter of fiscal 2015. For the six months, the company reported net sales of $94,190,000 against $89,924,000 a year ago. Income from operations was $4,769,000 against $7,404,000 a year ago. Income before income taxes was $3,782,000 against $6,254,000 a year ago. Net income was $2,255,000 against $3,690,000 a year ago. Net income per diluted share was $0.13 against $0.22 a year ago. Adjusted EBITDA was $9,726,000 against $12,640,000 a year ago. The company’s cash flows from operating activities improved to $12.2 million for the two quarters ended February 28, 2015 compared with $8.3 million for the two quarters ended March 1, 2014. The company announced that at current exchange rates, the company expects to absorb approximately $2.8 million of negative impact to its adjusted EBITDA from foreign exchange in fiscal 2015. The company, however, is encouraged by the expected strength of its business for the second half of fiscal 2015 and is therefore only reducing its fiscal 2015 adjusted EBITDA guidance range by $1.0 million to between $36 million and $39 million. The company expects a strong second half of the year 2015, with higher revenues leading to increases in both profitability and cash flow.

Franklin Covey Co. Enters into Amended and Restated Secured Credit Agreement to Increase Maximum Principal Amount

On March 31, 2015, Franklin Covey Co. entered into the Fourth Modification Agreement to its previously existing amended and restated secured credit agreement (the Restated Credit Agreement). The primary purposes of the Fourth Modification Agreement are to increase the maximum principal amount of the line of credit from $10.0 million to $30.0 million; extend the maturity date of the Restated Credit Agreement from March 31, 2016 to March 31, 2018; reduce the applicable interest rate from LIBOR plus 2.50% to LIBOR plus 1.85% per annum; reduce the unused commitment fee from 0.33% to 0.25% per annum; and increase the cap for permitted business acquisitions from $5.0 million to $10.0 million. The Fourth Modification Agreement preserves the existing financial covenants at February 28, 2015 and adds a new asset coverage ratio whereby the company may not permit the aggregate amounts of consolidated accounts receivable to be less than 150% of the outstanding balance of the line of credit. The proceeds from the Restated Credit Agreement may continue to be used for general corporate purposes.

Franklin Covey Co. to Report Q2, 2015 Results on Apr 01, 2015

Franklin Covey Co. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Apr 01, 2015

 

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FC Competitors

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Industry Analysis

FC

Industry Average

Valuation FC Industry Range
Price/Earnings 19.1x
Price/Sales 1.5x
Price/Book 2.5x
Price/Cash Flow 13.0x
TEV/Sales 1.3x
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