NYSE$FC
Franklin Covey Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Franklin Covey reported mixed results for Q4 2023, with sales slightly decreasing but net income and Adjusted EBITDA increasing significantly.
Franklin Covey's Q4 2023 results showed a slight decrease in consolidated sales but an increase in gross profit and net income. The company's Enterprise Division and AAP subscription sales experienced growth, while the Education Division saw a slight decline. Adjusted EBITDA improved by 24% compared to the previous year.
- Consolidated sales for the quarter were $78.0 million, slightly down from $78.8 million in Q4 2022.
- Net income increased to $6.8 million, or $0.49 per diluted share, compared to $5.6 million, or $0.39 per diluted share, in Q4 2022.
- Adjusted EBITDA improved by 24% to $16.5 million, compared to $13.3 million in the prior year.
- Enterprise Division sales grew to $52.4 million, with AAP subscription sales increasing by 3%.
Headline financials
Revenue & EPS history
FranklinCovey · Revenue · Quarterly
$78M
Revenue by segment
FranklinCovey · $78M total across 3 segments · Q4 2023
- Enterprise Division$52.4M+0.5%67.2%
- Education Division$24.1M-2.2%30.9%
- Corporate and other$1.43M—1.8%
Forward guidance
Franklin Covey anticipates Adjusted EBITDA to increase to between $54.5 million and $58.0 million in constant currency for fiscal year 2024.
Tailwinds
- Strength and strategic durability of All Access Pass subscriptions.
- Strength and strategic durability of Leader in Me membership subscriptions.
- Strong fiscal 2023 financial performance.
- Continued growth in All Access Pass subscriptions.
- Continued growth in Leader in Me membership subscriptions.
Headwinds
- Additional growth investments.
- Potential macroeconomic headwinds.
- Adverse impacts on future operating results.
- Uncertainty of future events.
- Difficulties in obtaining information for GAAP reconciliation of Adjusted EBITDA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2023
+1.3%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+5.4%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+44.5%
Q2 2026
Best reaction
-26.5%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +44.5% | +1.2% | — | |
| Q1 2026 | +1.0% | +11.1% | +3.4% | |
| Q4 2025 | -10.7% | -13.0% | -10.1% | |
| Q3 2025 | +2.0% | +0.1% | -1.6% | |
| Q2 2025 | -26.5% | -29.3% | -24.0% | |
| Q1 2025 | -11.3% | -13.8% | +7.2% | |
| Q4 2024 | -8.3% | -4.3% | -11.6% | |
| Q3 2024 | +6.5% | +6.9% | +24.0% | |
| Q2 2024 | +0.7% | -3.6% | +1.4% | |
| Q1 2024 | +1.9% | -1.8% | +2.0% | |
| Q4 2023 | -11.0% | -11.3% | -0.3% | |
| Q3 2023 | +28.7% | +26.2% | +32.5% | |
| Q2 2023 | -17.7% | -12.3% | -16.6% | |
| Q1 2023 | -8.4% | -7.7% | +1.0% | |
| Q4 2022 | -0.6% | -5.8% | -0.3% | |
| Q3 2022 | +19.0% | +21.4% | +34.8% | |
| Q2 2022 | -6.8% | -3.8% | -17.4% | |
| Q1 2022 | +10.9% | +12.1% | +2.0% | |
| Q4 2021 | +5.6% | +13.3% | +2.9% | |
| Q3 2021 | +11.6% | +6.3% | +13.5% | |
| Q2 2021 | +6.6% | +7.1% | +8.0% | |
| Q1 2021 | +4.8% | +3.1% | +15.8% | |
| Q4 2020 | +16.4% | +36.7% | +26.0% | |
| Q3 2020 | -8.3% | -7.1% | -0.2% | |
| Q2 2020 | +15.4% | +29.6% | +35.8% | |
| Q1 2020 | -3.6% | -2.3% | -3.2% | |
| Q4 2019 | +3.5% | +1.0% | -2.8% | |
| Q3 2019 | +8.2% | +8.8% | +17.0% | |
| Q2 2019 | +8.4% | +5.0% | +13.0% | |
| Q1 2019 | +3.7% | +4.3% | +5.4% | |
| Q4 2018 | +3.5% | +0.6% | +3.0% | |
| Q3 2018 | -6.8% | -8.9% | -11.4% | |
| Q2 2018 | +9.0% | -1.9% | -4.1% | |
| Q1 2018 | +14.5% | +36.5% | +26.6% | |
| Q4 2017 | +11.0% | +2.9% | +2.9% | |
| Q3 2017 | -7.9% | -6.2% | -12.9% | |
| Q2 2017 | +26.6% | +29.2% | +33.2% | |
| Q1 2017 | -6.4% | -6.9% | -13.0% | |
| Q4 2016 | -1.6% | +4.4% | +14.8% | |
| Q3 2016 | -4.3% | -1.7% | +13.4% | |
| Q2 2016 | -9.8% | — | — | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -13.3% | — | — | |
| Q3 2015 | -13.0% | — | — | |
| Q2 2015 | -2.2% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +5.3% | — | — | |
| Q3 2013 | +3.8% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q4 2010 | -7.0% | — | — | |
| Q4 2012 | -7.0% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q3 2012 | +6.2% | — | — | |
| Q2 2012 | -2.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q1 2011 | -5.0% | — | — | |
| Q3 2010 | +4.1% | — | — | |
| Q2 2010 | +0.9% | — | — |
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