Articles from Farmer Bros. Co.

Second quarter fiscal 2025 net sales of $90 millionSecond quarter fiscal 2025 gross margin increase of 270 basis points year-over-year to 43.1%Reported second quarter net income of $210,000 and improved adjusted EBITDA1 of $5.9 million

FORT WORTH, Texas, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) announced today it will publish its fiscal second quarter 2025 financial results for the period ended Dec. 31, 2024 with the filing of its 10-Q and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Feb. 6.

FORT WORTH, Texas, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM), a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today it has appointed Brian Miller as vice president of sales. Mr. Miller has more than 25 years of experience leading teams in the consumer product industry. Tom Bauer, who has previously served as vice president and chief commercial officer, will now serve as vice president and chief field operations officer where he will lead the company’s DSD, logistics, planning and procurement operations.

First quarter fiscal 2025 net sales of $85.1 million, up 4% on a year-over-year basisFirst quarter fiscal 2025 gross margin increase of 630 basis points year-over-year to 43.9%Reported net loss of $5 million and improved adjusted EBITDA1 of $1.4 million

FORT WORTH, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) announced today it will publish its fiscal first quarter 2025 financial results for the period ended Sept. 30, 2024 with the filing of its 10-Q and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Nov. 7.

Fiscal year 2024 gross margin increase of 560 basis points year-over-year to 39.3%Reported full year net loss of $3.9 million, increased full year adjusted EBITDA1 to $558,000Fiscal 2024 net sales of $341.1 million

FORT WORTH, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) announced today it will publish its fiscal fourth quarter and full year 2024 financial results for the period ended June 30, 2024 with the filing of its 10-K and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Sept. 12.

IRVING, Texas, July 02, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers Co., a Delaware corporation, (NASDAQFARM) reported today the company issued certain inducement awards under the Farmer Bros. Co. 2020 Inducement Incentive Plan to Chief Financial Officer Vance Fisher pursuant to Nasdaq Listing Rule 5635(c)(4).

NORTHLAKE, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today it has appointed Vance Fisher as chief financial officer. Brad Bollner, who has served as the company’s interim CFO since August 2023, will remain with the company as its vice president of finance.

Fiscal Q3 2024 net sales of $85.4 million

NORTHLAKE, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will publish its fiscal third quarter 2024 financial results for the period ended March 31, 2024 with the filing of its 10-Q and the issuing of its quarterly shareholder letter, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, May 9.

NORTHLAKE, Texas, March 26, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has entered into a 54-month lease agreement on a new headquarters in Fort Worth, Texas.

NORTHLAKE, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM), a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed Terry O’Brien to its board of directors.

Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

NORTHLAKE, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will participate in an upcoming investor conference along with several industry tradeshows through May 2024.

Fiscal Q2 2024 net sales of $89.5 millionGross margin increase of 550 basis points year-over-year to 40.4%

NORTHLAKE, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed John Moore as president and chief executive officer (CEO). Mr. Moore has served as interim CEO since October 2023. His appointment follows a robust evaluation process conducted by the company’s board and its advisors.

NORTHLAKE, Texas, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will publish its fiscal second quarter 2024 financial results for the period ended Dec. 31, 2023 with the filing of its 10-Q and the issuing of its quarterly shareholder letter, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Feb. 8.

Fiscal Q1 2024 net sales of $81.9 million

NORTHLAKE, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will publish its fiscal first quarter 2024 financial results for the period ended Sept. 30, 2023 with the filing of its 10-Q and the issuing of its quarterly shareholder letter, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Nov. 9, 2023.

Fiscal year 2023 net sales from continuing operations of $340 million

Deverl Maserang to depart upon appointment of successor

NORTHLAKE, Texas, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will publish its fiscal fourth quarter and full year 2023 financial results for the period ended June 30, 2023 in its quarterly shareholder letter, which will be posted on the Investor Relations section of its website after the close of market Tuesday, Sept. 12, 2023.

NORTHLAKE, Texas, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) announced today the company will publish its fiscal fourth quarter and full year 2023 financial results for the period ended June 30, 2023 in its quarterly shareholder letter, which will be posted on the Investor Relations section of its website after the close of market Tuesday, Sept. 5, 2023.

NORTHLAKE, Texas, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers Company (NASDAQFARM), a leading roaster, wholesaler, equipment servicer and distributor of coffee, tea and other allied products, announced today it has commenced a transition of its chief financial officer role.

NORTHLAKE, Texas, July 05, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers Company (NASDAQFARM) today announced John Moore has been appointed as the company’s new vice president and head of coffee. Mr. Moore will lead the company’s green coffee procurement, sustainability, coffee research and development, blend development, coffee excellence, manufacturing and food safety and quality assurance efforts.

Company uses portion of $100 million proceeds to pay off term loan as it focuses operations on direct store delivery and key account sales channels

Approximately $100 million sale expected to advance the company’s transformation plan and commitment to direct store delivery sector

Fiscal Q3 2023 net sales increased year-over-year to $124.2 millionSequential gross margin improved in fiscal Q3 2023Significant progress in optimizing customer pricing structure and production operations

NORTHLAKE, Texas, May 04, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) today announced a change to its third quarter 2023 earnings results and conference call date and time. The company will now issue its third quarter financial and operational results for its 2023 fiscal year with the filing of its 10-Q report on Wednesday, May 10. The company will also issue a shareholder letter and host an audio-only earnings call at 8:30 a.m. Eastern.

NORTHLAKE, Texas, May 02, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQFARM) today announced the company will issue its third quarter financial and operational results for its 2023 fiscal year with the filing of its 10-Q report on Tuesday, May 9. The company will also issue a shareholder letter and host an audio-only earnings call at 5 p.m. Eastern.

Company achieves emission goal three years ahead of schedule, makes strides toward goal of providing 100% responsibly sourced coffee by 2025

Fiscal Q2 2023 Net Sales Increased 12% year-over-year to $132.7 million

NORTHLAKE, Texas, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (“Farmer Brothers” or the “Company”) today announced Tom Bauer has been appointed as the Company’s new Vice President of its Direct Store Delivery (DSD) segment. Mr. Bauer will be responsible for leading the entire DSD function moving forward with the goal of driving growth and efficiencies while improving focus and profitability in this key area of the business.

NORTHLAKE, Texas, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (“Farmer Brothers” or the “Company”) today announced that the Company will publish its 2023 fiscal second quarter financial results for the period ended December 31, 2022, in its inaugural quarterly shareholder letter which will be posted on Farmer Brothers investor relations website at https://farmerbrothers.gcs-web.com/ after market close on Wednesday, February 8th, 2023.

NORTHLAKE, Texas, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) ( “Farmer Brothers” or the “Company”) today announced that the Company issued the following restricted stock unit award consisting of a total of 10,845 shares of the Company’s common stock under the Farmer Bros. Co. 2020 Inducement Incentive Plan (the “Inducement Plan”) through an award of 10,845 restricted stock units on January 3, 2023 to Gregory Newham, its new Vice President, Planning and Procurement. This award will ratably vest over three years on each anniversary of the award date, subject to Mr. Newham’s continued employment with the Company through each vesting date. 

NORTHLAKE, Texas, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (the “Company”), today announced its attendance at The Roth 11th Annual Deer Valley Conference on December 15th and 16th, 2022. The Company will be hosting one-on-one and group meetings.

NORTHLAKE, Texas, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (the “Company”) today reported financial results for its first fiscal quarter ended September 30, 2022.

NORTHLAKE, Texas, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (the “Company”), today announced it has entered into a cooperation agreement (the “Cooperation Agreement”) with JCP Investment Management, LLC (collectively with its affiliates, “JCP”) and 22NW, LP (collectively with its affiliates, “22NW”), which together own approximately 15.7% of the Company’s outstanding common stock. Under the Cooperation Agreement, the Company has agreed to promptly appoint Bradley L. Radoff as an independent member of the Board of Directors (the “Board”). The Company will also include Mr. Radoff and an additional independent nominee from JCP’s nomination notice (the “Second New Director”) on its slate of candidates standing for election at the 2022 Annual Meeting of Stockholders (the “2022 Annual Meeting”).

NORTHLAKE, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQFARM) (the “Company”) today announced that the Company will release its financial results for its 2023 fiscal first quarter, or period ended September 30, 2022, after market closes on Thursday, November 3, 2022.