FRANKLIN COVEY Reports Record Q1 Earnings of USD 4.7 Million, Net Income Up 13.2%
January 10, 2023
Earnings report
On January 5 2023, FRANKLIN COVEY ($NYSE:FC) reported their FY2023 Q1 earnings results for the period ending November 30 2022. The company reported total revenue of USD 4.7 million, a 22.6% increase compared to the same period the year prior. Net income was USD 69.4 million, up 13.2% from the first quarter of the previous year. This is a very impressive result for the company. FRANKLIN COVEY is a renowned American company that specializes in offering organizational and personal productivity services and products. Based in Provo, Utah, the company offers consultants, training, books, multimedia, and various other materials to help individuals and organizations improve their productivity. The company’s products and services are used by leading corporations, government agencies, educational institutions, and non-profit organizations all over the world.
In the past few years, FRANKLIN COVEY has seen a steady increase in its stock price. This has been attributed to its strong financial performance, which is evidenced by its record Q1 earnings. The company’s total revenue and net income were both up significantly from the same period the year prior, and this is a very encouraging sign for investors. Going forward, analysts expect FRANKLIN COVEY to continue to report strong financial results as it expands its product offerings and continues to innovate in the productivity space. With its strong financial performance and long history of providing quality services, it is no surprise that FRANKLIN COVEY’s stock price is on the rise.
Share Price
Despite this positive news, the market reacted negatively to the announcement, as FRANKLIN COVEY stock opened at $47.9 and closed at $46.1, down by 4.1% from its last closing price of 48.1. This was due to improved operational efficiencies and a shift in sales mix to higher margin products. The company’s strong financial results show that it is well-positioned to continue its growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franklin Covey. More…
| Total Revenues | Net Income | Net Margin |
| 270.95 | 19.29 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Covey. More…
| Operations | Investing | Financing |
| 52.25 | -5.33 | -32.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franklin Covey. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 237.43 | 147.81 | 6.45 |
Key Ratios Snapshot
Some of the financial key ratios for Franklin Covey are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 98.2% | 9.1% |
| FCF Margin | ROE | ROA |
| 17.3% | 17.8% | 6.5% |
VI Analysis
Investing in companies can be a great way to build wealth and increase financial stability. However, it is important to understand that a company’s fundamentals should always be taken into consideration before making an investment. To make this process easier, the VI app provides an analysis of companies based on their fundamentals. The risk rating given by the VI app for Franklin Covey is medium, indicating that there are some areas of the business and financial aspects that may present potential risks. The company’s financial performance and its ability to generate cash flow are important indicators for making informed decisions about investing. It is also important to consider the company’s balance sheet, which includes assets, liabilities, and equity. In addition to looking at the financial and business aspects of a company, other factors such as the potential for growth, competitive position in the market, and management team should also be taken into account. To get a better look at these factors, users can register with the VI app and take advantage of the high-level insights it provides. Ultimately, by looking at factors such as the financials, competitive position, and potential for growth, investors can gain a better understanding of a company’s long-term potential and make informed decisions about their investments. More…
VI Peers
Franklin Covey Co. competes with American Education Center Inc, Sportsfield Co Ltd, and PageGroup PLC in the market for educational and training services. The company offers a variety of services, including online and offline courses, as well as customized programs for businesses and organizations. Franklin Covey Co. has a strong brand and a loyal customer base, which gives it a competitive advantage in the market.
– American Education Center Inc ($OTCPK:AMCT)
American Education Center Inc is a for-profit corporation that provides educational services. It offers a variety of programs and services to students, including English language classes, academic advising, and cultural activities. The company was founded in 1992 and is headquartered in New York, NY.
– Sportsfield Co Ltd ($TSE:7080)
Field Co Ltd is a sports equipment company that manufactures and sells a variety of products, including baseballs, basketballs, footballs, and other sports equipment. The company has a market cap of 3.67B as of 2022 and a return on equity of 40.91%. Field Co Ltd is a publicly traded company listed on the New York Stock Exchange.
– PageGroup PLC ($LSE:PAGE)
PLC Group is a leading provider of integrated solutions for the design, development, manufacture, and support of high-performance products and systems. We serve a variety of industries, including aerospace and defense, medical device, semiconductor, and others. We have a long history of providing innovative solutions to our customers’ most challenging problems. Our team of highly skilled engineers, scientists, and technicians work together to provide the best possible products and services to our customers.
Summary
FRANKLIN COVEY reported strong financial results for their first quarter of FY2023, with total revenue of USD 4.7 million, a 22.6% increase compared to the same period the year prior, and net income of USD 69.4 million, up 13.2% from the same period last year. Despite these impressive results, the stock price moved down the same day. When analyzing FRANKLIN COVEY as an investment, investors should consider the company’s financial performance, track record of earnings, and long-term growth prospects. From a financial perspective, the company is performing well and is showing strong growth compared to the previous year. The stock also has a long track record of solid earnings, with positive results for six consecutive years.
In terms of future growth potential, FRANKLIN COVEY has exhibited a commitment to innovation and is investing significantly in research and development. Overall, FRANKLIN COVEY is an attractive investment opportunity for investors who are looking for a company with strong financials and long-term growth potential. The company’s financial performance and track record of earnings, combined with its commitment to innovation, make it a solid choice for investors who are looking for a secure, long-term investment.
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