{"schema_version":"secwatch.filing_event.v1","accession":"0000034563-23-000051","form_type":"8-K","ticker":"FARM","cik":"0000034563","company_name":"FARMER BROTHERS CO","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.797466+00:00","generated_at":"2026-06-15T07:20:03.765742+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Farmer Bros. Q3 net loss $11.4M, net sales up 4% to $124.2M; debt covenant risk flagged","bullets":["Net sales $124.2M (+4% YoY); DSD revenue grew double digits; DS down mid-single digits.","Net loss $11.4M vs. $13.6M loss in Q2; gross margin 23.1% improved 20 bps sequentially.","Adjusted EBITDA loss $800K (improved from -$3.1M in Q2); adj. EBITDA margin -0.6%.","Outstanding debt $112.4M; company may not meet debt covenant by June 30, 2023; plans to cure or refinance.","Launched SHOTT syrup concentrate line; REVIVE equipment service securing national accounts."],"urls":{"canonical":"https://secwatch.observer/filing/0000034563-23-000051","json":"https://secwatch.observer/filing/0000034563-23-000051.json","markdown":"https://secwatch.observer/filing/0000034563-23-000051.md","text":"https://secwatch.observer/filing/0000034563-23-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/0000034563-23-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/farm-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:20:03.765742+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47a76423806df07533bfb0960bf8282f72547509","claim":"FARMER BROTHERS CO reported third fiscal quarter ended March 31, 2023 results: revenue $124.2 million, net income $11.4 million.","evidence_excerpt":"--- Farmer Brothers reports fiscal third quarter 2023 financial results and publishes quarterly shareholder letter Fiscal Q3 2023 net sales increased year-over-year to $124.2 million Sequential gross margin improved in fiscal Q3 2023 Significant progress in optimizing customer pricing structure and production operations NORTHLAKE, Texas, May 10, 2023 (GLOBE","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/0000034563-23-000051-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$124.2 million"},{"label":"Net income","value":"$11.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}