Franklin Covey Announces Strong Fiscal Fourth Quarter and Full Year Results
Company Reports Double-Digit Growth in Revenue and Adjusted EBITDA
Fiscal 2011 Revenue Up 17% to $160.8 Million
Full Year Adjusted EBITDA Improves 47% to $21.2 Million
Company Offers Preliminary Fiscal 2012 Adjusted EBITDA Outlook
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Franklin Covey Co. a global provider of productized training and consulting services, today announced financial results for its fourth fiscal quarter and fiscal year ended August 31, 2011.
Net sales for fiscal year 2011 totaled $160.8 million, a 17% increase over the $136.9 million reported in the prior year. The improvement in net sales had a significant impact on the Company's operating results as Adjusted EBITDA for the fiscal year increased 47% to $21.2 million, compared with $14.4 million in fiscal 2010. Pre-tax income also improved significantly, increasing by $7.3 million to $8.4 million, compared with $1.2 million in the prior year.
As of August 31, 2011, the Company had $3.0 million in cash and cash equivalents, compared with $1.1 million at May 28, 2011. Net working capital increased to $16.7 million at August 31, 2011 compared with $11.5 million on May 28, 2011, and $4.6 million at August 31, 2010.
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Fourth-Quarter and Full-Year Financial Highlights
Fourth-quarter revenue from the Company's national account practices increased by 34%, or $2.2 million, due to the continued rapid adoption of the Company's Education practice.
Fourth-quarter revenues from the company's international direct offices grew 11%, to $8.0 million, compared to $7.2 million in the fourth quarter of 2010, primarily due to growth in the Company's Japan and Australia offices.
Fourth-quarter licensee royalty revenue grew by 19%, to $3.1 million, from $2.6 million in the fourth quarter of 2010.
Fourth-quarter net income grew to $3.0 million, compared to a loss of $0.5 million in the fourth quarter of 2010.
Full-year revenues from the Company's sales offices in the U.S. and Canada, including the government services group, grew 24%, to $85.4 million, as compared to $68.7 million in fiscal 2010.
Full-year revenues from the Company's international direct offices grew 13%, to $27.5 million, despite the impact of Japan's natural disasters during fiscal 2011.
Full-year licensee royalty revenues and other revenues increased 14% to $12.6 million, compared to $11.1 million in fiscal 2010.
Full-year national account practice revenues increased 17%, or $3.3 million, in fiscal 2011.
Full-year net income was $4.8 million versus a loss of $0.5 million in fiscal 2010.
Fiscal Year and Recent Company Highlights
Launched the 5 Choices to Extraordinary ProductivityTMWork Sessions.
The Leader-In-Me education practice grew to 650 schools, including nearly 325,000 students and 30,000 school staff that have now been trained in the education process.
Launched Dr. Stephen R. Covey's new work entitled, The 3rd Alternative: Solving Life's Most Difficult Problems.
Signed agreement with Simon and Schuster for a new book based on the Four Disciplines.
Preliminary Fiscal 2012 Outlook
Showing posts with label Back to school specials from Franklin Covey. Show all posts
Showing posts with label Back to school specials from Franklin Covey. Show all posts
Tuesday, November 8, 2011
Thursday, March 4, 2010
FranklinCovey and The Center for Advancement of Jewish Education-Miami
FranklinCovey and The Center for Advancement of Jewish Education-Miami (CAJE-Miami)
Announce New Education Partnership
7 Habits Author, Stephen Covey, to Speak at March 17 CAJE-Miami Launch Event in Miami: "Educating Children in The 21st Century"
FranklinCovey and The Center for Advancement of Jewish Education-Miami (CAJE-Miami) today announced they are embarking upon a ten-year partnership to bring The Leader in Me, FranklinCovey's education process for teaching leadership at the elementary school level, to South Florida Jewish day schools and throughout the United States and Canada.
Together, FranklinCovey and CAJE-Miami will design, develop and disseminate a customized solution for Jewish day schools that integrates existing school curricula and Jewish principles with the world-renowned The 7 Habits of Highly Effective People. The partnership links Jewish texts and teachings with FranklinCovey's leadership training to create a Jewish day school culture imbued with Jewish values, character development and leadership skills.
The new initiative, "The Leader in Me: Ensuring Our Jewish Future," will provide 'flagship' Jewish day schools with intensive and extensive training, coaching and implementation strategies for incorporating the principles found in The Leader in Me process.
To launch the partnership, Stephen Covey, recognized as one of Time magazine's 25 Most Influential Americans and international best-selling author of The 7 Habits of Highly Effective People, will give a keynote address at a special launch event sponsored by CAJE-Miami, on March 17 in Miami.
At the event, Stephen Covey will address his vision for bringing The Leader in Me initiative to Jewish day schools. He will also discuss his recent book, The Leader in Me:How Schools and Parents Around the World are Inspiring Greatness, One Child at a Time. In the book, Covey chronicles the process of how extraordinary elementary schools are teaching the same 7 Habits leadership principles which have guided corporate and government boardroom decisions for years. Some of the principles and life skills students learn include: goal setting, time management, teamwork, problem-solving and life balance.
The CAJE-Miami event will be held at Jungle Island, 1111 Parrot Jungle Trail, Miami. Registration begins at 7:30 p.m. The program begins at 8:00 p.m. A dessert reception will precede Covey's keynote address. Cost for attending the event is $54 per person (non-deductible covert). To RSVP online, visit http://www.caje-miami.org or call Allison DiGiacomo at 305-576-4030, ext. 141.
"FranklinCovey is thrilled to be partnering with CAJE-Miami because of their vision and leadership as it relates to educating students who attend their Jewish day schools. These principles will arm students in the 21st Century with the necessary skills to be successful in every area of their lives. We look forward to partnering with them to develop and deliver this process together," said Sean Covey, Chief Innovation Officer and Education Practice Leader, FranklinCovey.
"Our vision is to create and foster a meaningful and sustainable Jewish day school culture imbued with Jewish values, character development and leadership skills that has the power and unlimited potential to transform the landscape of Jewish day school education for generations to come. The principles taught in FranklinCovey's Leader in Me process, which includes the 7 Habits, will transform our schools, our families, businesses and communities - locally, nationally, in Israel and throughout the world," said Dr. Chaim Y. Botwinick, President and CEO of CAJE-Miami.
About Franklin Covey Co.
FranklinCovey Co. (NYSE: FC) is the global consulting and training leader in the areas of strategy execution, leadership, customer loyalty, sales performance, and individual effectiveness. Over the Company's history, FranklinCovey clients have included 90 percent of the Fortune 100, more than 75 percent of the Fortune 500, thousands of small- and mid-sized businesses, as well as numerous government entities and educational institutions. FranklinCovey has 40 direct and licensee offices providing professional services in 147 countries. For more information, please visit www.franklincovey.com.
About CAJE
The Center for the Advancement of Jewish Education (CAJE) is deeply committed to Jewish continuity and renewal through quality formal and informal Jewish education. As a central agency, profoundly dedicated to the unswerving pursuit of educational excellence, CAJE is devoted to creating, fostering and nurturing a community of Jews with deep knowledge, understanding and appreciation of Jewish traditions, culture, values and heritage. Through its extensive network ofday schools,early childhood programs, congregational schools, adult education programs, CAJE endeavors to create an exciting and meaningful Renaissance for Jewish living and learning in the Greater Miami Jewish Community. Underscoring CAJE's mission and vision is its commitment to educational innovation and experimentation anchored in a philosophy of excellence and model practice.
www.covey-planners.com
Announce New Education Partnership
7 Habits Author, Stephen Covey, to Speak at March 17 CAJE-Miami Launch Event in Miami: "Educating Children in The 21st Century"
FranklinCovey and The Center for Advancement of Jewish Education-Miami (CAJE-Miami) today announced they are embarking upon a ten-year partnership to bring The Leader in Me, FranklinCovey's education process for teaching leadership at the elementary school level, to South Florida Jewish day schools and throughout the United States and Canada.
Together, FranklinCovey and CAJE-Miami will design, develop and disseminate a customized solution for Jewish day schools that integrates existing school curricula and Jewish principles with the world-renowned The 7 Habits of Highly Effective People. The partnership links Jewish texts and teachings with FranklinCovey's leadership training to create a Jewish day school culture imbued with Jewish values, character development and leadership skills.
The new initiative, "The Leader in Me: Ensuring Our Jewish Future," will provide 'flagship' Jewish day schools with intensive and extensive training, coaching and implementation strategies for incorporating the principles found in The Leader in Me process.
To launch the partnership, Stephen Covey, recognized as one of Time magazine's 25 Most Influential Americans and international best-selling author of The 7 Habits of Highly Effective People, will give a keynote address at a special launch event sponsored by CAJE-Miami, on March 17 in Miami.
At the event, Stephen Covey will address his vision for bringing The Leader in Me initiative to Jewish day schools. He will also discuss his recent book, The Leader in Me:How Schools and Parents Around the World are Inspiring Greatness, One Child at a Time. In the book, Covey chronicles the process of how extraordinary elementary schools are teaching the same 7 Habits leadership principles which have guided corporate and government boardroom decisions for years. Some of the principles and life skills students learn include: goal setting, time management, teamwork, problem-solving and life balance.
The CAJE-Miami event will be held at Jungle Island, 1111 Parrot Jungle Trail, Miami. Registration begins at 7:30 p.m. The program begins at 8:00 p.m. A dessert reception will precede Covey's keynote address. Cost for attending the event is $54 per person (non-deductible covert). To RSVP online, visit http://www.caje-miami.org or call Allison DiGiacomo at 305-576-4030, ext. 141.
"FranklinCovey is thrilled to be partnering with CAJE-Miami because of their vision and leadership as it relates to educating students who attend their Jewish day schools. These principles will arm students in the 21st Century with the necessary skills to be successful in every area of their lives. We look forward to partnering with them to develop and deliver this process together," said Sean Covey, Chief Innovation Officer and Education Practice Leader, FranklinCovey.
"Our vision is to create and foster a meaningful and sustainable Jewish day school culture imbued with Jewish values, character development and leadership skills that has the power and unlimited potential to transform the landscape of Jewish day school education for generations to come. The principles taught in FranklinCovey's Leader in Me process, which includes the 7 Habits, will transform our schools, our families, businesses and communities - locally, nationally, in Israel and throughout the world," said Dr. Chaim Y. Botwinick, President and CEO of CAJE-Miami.
About Franklin Covey Co.
FranklinCovey Co. (NYSE: FC) is the global consulting and training leader in the areas of strategy execution, leadership, customer loyalty, sales performance, and individual effectiveness. Over the Company's history, FranklinCovey clients have included 90 percent of the Fortune 100, more than 75 percent of the Fortune 500, thousands of small- and mid-sized businesses, as well as numerous government entities and educational institutions. FranklinCovey has 40 direct and licensee offices providing professional services in 147 countries. For more information, please visit www.franklincovey.com.
About CAJE
The Center for the Advancement of Jewish Education (CAJE) is deeply committed to Jewish continuity and renewal through quality formal and informal Jewish education. As a central agency, profoundly dedicated to the unswerving pursuit of educational excellence, CAJE is devoted to creating, fostering and nurturing a community of Jews with deep knowledge, understanding and appreciation of Jewish traditions, culture, values and heritage. Through its extensive network ofday schools,early childhood programs, congregational schools, adult education programs, CAJE endeavors to create an exciting and meaningful Renaissance for Jewish living and learning in the Greater Miami Jewish Community. Underscoring CAJE's mission and vision is its commitment to educational innovation and experimentation anchored in a philosophy of excellence and model practice.
www.covey-planners.com
Wednesday, August 5, 2009
Back to school specials from Franklin Covey
Back to school specials from Franklin Covey
Back to school specials from Franklin Covey
Back to school specials from Franklin Covey
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