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Franklin Covey Co. (FC) Q1 2025 Earnings Call Transcript

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Franklin Covey Co. (NYSE:FC) Q1 2025 Earnings Conference Call January 8, 2024 5:00 PM ET

Company Participants

Derek Hatch – Corporate Controller
Paul Walker – President, Chief Executive Officer and Director
Steve Young – Chief Financial Officer
Holly Procter – Chief Revenue Officer
Jennifer Colosimo – President, Enterprise Division
Boyd Roberts – Investor Relations

Conference Call Participants

Alex Paris – Barrington Research
Dave Storms – Stonegate
Nehal Chokshi – Northland Capital Markets
Jeff Martin – ROTH Capital Markets

Operator

Good day, and thank you for standing by. Welcome to Q1 2025 Franklin Covey Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to turn the conference over to Derek Hatch, Corporate Controller. Please go ahead.

Derek Hatch

Hello, everyone, and thanks so much for joining us today. We’re glad to have the opportunity to talk with you today. Participating on the call this afternoon are Paul Walker, our Chief Executive Officer; Steve Young, our Chief Financial Officer; Jennifer Colosimo, President of the Enterprise Division; Sean Covey, President of the Education Division; and Holly Procter, our Chief Revenue Officer.

As we get started, I’d like to remind everyone that this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon management’s current expectations and are subject to various risks and uncertainties, including but not limited to, the ability of the Company to grow revenues, the acceptance of and renewal rates for our subscription offerings, including the All Access Pass and The Leader in Me memberships, the ability of the Company to hire productive sales and other client-facing professionals, general economic conditions, competition in the Company’s targeted marketplace, market acceptance of new

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