Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Utah’s Franklin Covey reports 9% rise in 2Q revenue

First Published Mar 30 2012 11:09 am • Last Updated Mar 30 2012 09:24 pm

Franklin Covey Co., the Salt Lake City-based provider of productivity training and corporate counseling services, reported improved financial results for the second quarter of its 2012 fiscal year.

The company said revenue was $38.6 million, an increase of $3.1 million, or 9 percent, over the same period of the prior year. Net income was $1.2 million, or 6 cents per share, compared with $300,000, or two cents per share.

Join the Discussion
Post a Comment

"The strength of our business continues to be driven by the significant positive impact our offerings have on our client organizations and the individuals who work within them," Chairman and CEO Bob Whitman said in a statement.

For the first half of its 2012 fiscal year, Franklin Covey saw revenue increase $3.3 million, to $78.2 million, compared with $74.9 million in fiscal 2011.

Net income for the two quarters ended Feb. 25 totaled $2.8 million, or 16 cents per share, compared with $1.1 million, or 6 cents per share, for the same period a year earlier.

The company also announced that on Monday, its board of directors approved a plan to purchase up to $10 million of the company’s outstanding common stock. The company said it intends to use available cash to make the purchases.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.