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.
-
Photos of the day May 25, 2013
Published May 25, 2013 08:03:23PM -
Fragments of Dead Sea Scrolls are up for sale
Published May 25, 2013 08:00:02PM -
San Antonio flooding kills 1; 200-plus rescued
Published May 25, 2013 07:53:28PM -
Anti-Muslim actions rise in UK over slain soldier
Published May 25, 2013 07:43:43PM
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
