Farmer Bros Co (FARM) Misses Q4 EPS by 12c, Revenues Miss
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Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2018 Financial Results
September 11, 2018 4:05 PM EDTNORTHLAKE, Texas, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the Company) today reported financial results for its fourth quarter and fiscal year ended June 30, 2018.
Fourth Quarter Fiscal 2018 Highlights:
Volume of green coffee processed and sold increased by 4.1 million pounds, reaching 27.4 million pounds, a 17.7% increase over the prior year period;Gross profit increased $9.8 million to $52.6 million and gross margin increased 320 basis points to 35.2% over the prior year period;Net income was $0.1 million compared to net loss of $(1.8) million in the prior year period; andAdjusted... More