Franklin Covey Co. reported unaudited consolidated earnings results for the first quarter ended November 29, 2014. For the quarter, the company's consolidated sales increased by 10% to $47.9 million compared with $43.4 million in the first quarter of fiscal 2014 after absorbing $0.7 million of adverse revenue impact from foreign exchange rates. Income from operations increased by $0.1 million to $3.6 million, compared with $3.5 million in the first quarter of fiscal 2014. Net income increased to $1.8 million, or $0.11 per diluted share, compared with $1.7 million, or $0.10 per diluted share in fiscal 2014. Income before income taxes was $3.030 million against $2.947 million a year ago. Adjusted EBITDA was $5.9 million, compared with $6.0 million in the first quarter of the prior year. The Company's first quarter adjusted EBITDA was affected by $0.7 million of additional foreign exchange related expenses, the costs associated with hiring new client partners and new Education practice coaches, and holding additional marketing events during the quarter.

The company reaffirmed its previously-announced annual fiscal 2015 guidance range for adjusted EBITDA of $37 million to $40 million.