Franklin Covey Co. (NYSE:FC) Q4 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Derek Hatch - Corporate Controller

Paul Walker - President and CEO

Steve Young - Chief Financial Officer

Jennifer Colosimo - President, Enterprise Division

Sean Covey - President, Education Division

Bob Whitman - Chairman

Conference Call Participants

Jeff Martin - ROTH MKM

Dave Storms - Stonegate Capital Markets

Operator

Good day and thank you for standing by. Welcome to the Q4 2023 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 hand the conference over to your first speaker today, Derek Hatch. Please go ahead.

Derek Hatch

Thank you. Good afternoon, everyone. On behalf of Franklin Covey, it’s my pleasure to welcome you to our earnings call for the fourth quarter and full fiscal year 2023.

Before we begin today’s presentation, we would like to remind everyone about forward-looking statements and 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 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 offerings or services and marketing strategies, changes in the company’s market share, changes in the size of the overall market for the company’s products, changes in the training and spending policies of the company’s clients, and other factors identified and discussed in the company’s most recent annual report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.

Many of these conditions are beyond our control or influence, any one of which may cause future results to differ materially from the company’s current expectations and there can be no assurance that the company’s actual future performance will meet management’s expectations.

These forward-looking statements are based on management’s current expectations and we undertake no obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of today’s presentation, except as required by law.