secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000034563-22-000096
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Bros. Q1 net loss widens to $7.4M; sales up 12% but margin slides
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- Net sales $121.4M (+12% YoY); gross margin 21.9% vs 29.0% a year ago.
- Net loss $7.4M ($0.39 diluted loss) vs $2.4M loss ($0.14) in prior year.
- Adjusted EBITDA loss of $4.9M vs income of $3.5M; margin (4.0)% vs 3.2%.
- Total debt $114.0M, cash $7.6M as of Sep 30, 2022.
- CEO cites short-term pricing/inflation pressures; margin recovery reportedly underway in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000003456322000096/0000034563-22-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000003456322000096/farm-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000034563-22-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer