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Farmer Bros. Co. Reports Second Quarter Fiscal 2018 Financial Results

FARMER BROS (FARM)  More Company Research Source: GlobeNewswire
Last farmer bros earnings: 2/6 04:21 pm Check Earnings Report
PDF NORTHLAKE, Texas, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) (the "Company") today reported financial results for its second fiscal quarter ended December 31, 2017. Second Quarter Fiscal 2018 Highlights: Volume of green coffee processed and sold increased by 4.6 million pounds, reaching 29.1 million pounds, an 18.7% increase over the prior year period;Gross profit increased $10.4 million to $65.5 million and gross margin decreased 50 basis points to 39.1% over the prior year period;Net loss was $18.8 million compared to net income of $20.1 million in the prior year period;Adjusted EBITDA was $12.9 million compared to $11.2 million in the prior year period;*SQF certification of new Northlake, Texas facility remains on track to be completed in the third quarter of fiscal 2018, with annual run-rate production levels of six million pounds expected by end of the fiscal year;Completed acquisition of substantially all of the assets of Boyd Coffee Company (“Boyd”) an [Read more]

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