Franklin Covey (FC) Tops Q1 EPS by 2c, Comments on Outlook

Franklin Covey (NYSE: FC) reported Q1 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $45.2 million versus the consensus estimate of $48.18 million.

Bob Whitman, Chairman and Chief Executive Officer, commented, “We were very encouraged by: the strong growth in our Education division during the quarter, where revenue grew $2.1 million, or 35%; the continued growth of our International Licensee division, where, excluding the negative impact of foreign exchange, revenue grew 11%; and by the strong booking momentum in our direct offices in the U.S., which began to convert to strong revenue growth in November. Revenue in our U.S. direct offices grew 16.8% in November compared with November 2014, after being lower than last year during the first two months of the quarter. This revenue momentum continued in December, where revenue in these offices grew 17.4% compared with December 2014, and the size of our pipelines for the second and third quarters is also substantially larger than at the same time last year. We expect our overall momentum to continue to build during the balance of the year, and to meet or exceed our previously-provided constant currency Adjusted EBITDA guidance range for the year of $34 million to $36 million.”

For earnings history and earnings-related data on Franklin Covey (FC) click here.

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