FranklinCovey reports net-income increase

FranklinCovey saw net income available to common shareholders during the most recent quarter climb about $454,000 year over year despite only a slight increase in sales.

The Salt Lake-based productivity products and services company on Thursday reported net income available to shareholders of $539,000, or 3 cents per share, for the quarter ended June 2. That compares with $85,000, or break-even, for the same quarter a year earlier.

Those figures included preferred stock dividend amounts.

Sales totaled $64.5 million, up from $63.3 million in the year-earlier period. That included 14 percent growth, to $34.2 million, in the company's organizational solutions business unit and slippage from $33.2 million to $30.3 million for the consumer solutions business unit.

The company reported income from operations of $2.4 million, reversing a loss from operations of $1.4 million in the prior-year quarter.

FranklinCovey has nearly 1,500 employees in 41 offices servicing more than 100 countries.

The earnings report was released after markets closed Thursday. FranklinCovey stock fell 13 cents during the day to close at $8.86 per share. During the past year, the price has ranged from $4.96 to $9.01.