PAUL FOY
Associated Press
SALT LAKE CITY (AP) - The time management and productivity company Franklin Covey says it has cemented a turnaround after posting a profit for another fiscal year.
The earnings report caps consistent profits since 2010, when the "Seven Habits" company wrote off an old business line selling bound planners.
Salt Lake City-based Franklin Covey earned $7.8 million, or 43 cents a share, for the fiscal year ending Aug. 31. That compared to earnings of $4.8 million, or 27 cents a share for the year earlier.
Chairman and CEO Bob Whitman said his executive team has set Franklin Covey on a growth curve. He expects to triple profits over the next few years.
Franklin Covey now calls itself a "performance improvement company." It advises 4,000 corporate clients, including 75 percent of Fortune 500 companies.
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