Quarterly ResultJul 7, 2026, 04:56 PM
Franklin Covey Q3 Net Income $3.08M; EPS $0.27
AI Summary
Franklin Covey reported a net income of $3.085 million for the third quarter ended May 31, 2026, a significant improvement from a net loss of $1.409 million in the prior year, with diluted EPS reaching $0.27. However, year-to-date revenue decreased to $191.5 million from $195.8 million, and the company recorded a net loss of $2.186 million for the nine months. The company continued its long-term restructuring plan, incurring $0.7 million in costs during the quarter, contributing to a year-to-date total of $5.6 million.
Key Highlights
- Q3 Net Income: $3.085 million, up from a net loss of $1.409 million year-over-year.
- Q3 Diluted EPS: $0.27, improved from -$0.11 in the prior year quarter.
- Q3 Revenue: Increased 1.02% to $67.807 million compared to the prior year.
- YTD Net Loss: $2.186 million for the nine months, compared to a $1.304 million loss year-over-year.
- YTD Revenue: Decreased 2.21% to $191.499 million for the nine months.
- Cash and Cash Equivalents: Decreased to $11.972 million from $31.698 million since August 31, 2025.
- Restructuring Costs: $0.7 million incurred in Q3; $5.6 million year-to-date.
- Share Repurchases: $28.118 million in common stock purchased for treasury year-to-date.
Price Impact
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