The following is a summary of the Franklin Covey Co. (FC) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Franklin Covey reported Q2 revenue of $61.3 million, and adjusted EBITDA of $7.4 million.

• Significant improvement in free cash flow to $24.7 million, from the same period in the previous year's $3.3 million.

• Q3 revenue growth is projected at 1%, and for Q4 at 6%. An expected significant increase in adjusted EBITDA to $54.5 million.

• The company maintained near record sales at $61.3 million for Q2, and year-to-date sales of $130 million.

• Slight decrease in Q2's adjusted EBITDA to $7.4 million, from the previous year's $8.2 million.

• Investment of $18.4 million was made in share buybacks, ending the quarter with total liquidity over $103 million.

Business Progress:

• Significant progress in new client acquisition and services bookings.

• New product updates, such as 'Leading and Working at the Speed of Trust', have been launched with positive feedback.

• Investments made in growth initiatives like 'Project Penetration' and 'Project Speed to Ramp'.

• Strategic actions taken after client partner evaluation to emphasize on business development and account penetration.

• A revamped edition of '7 Habits' solution is set to be launched in fall 2024.

• An upward trend in the subscription business, specifically with North Americas All Access Pass' for multiyear periods.

• Mergers and acquisitions being considered as part of strategies for maintaining a robust balance sheet and for continued strategic share buybacks. Plans in place to strategically deploy the field force for fiscal 2025 and beyond.

More details: Franklin Covey IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.