---
schema_version: "secwatch.filing_event.v1"
accession: "0000034563-24-000044"
form_type: "8-K"
ticker: "FARM"
cik: "0000034563"
company_name: "FARMER BROTHERS CO"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:22:52.506016+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmer Bros Q3 net sales $85.4M; gross margin expands 660 bps to 40.1%

## Summary
- Net loss from continuing ops improved to $0.7M from $6.9M YoY; adjusted EBITDA positive $0.27M.
- Gross margin 40.1% vs 33.5% prior year; gross profit up 19% to $34.2M.
- Operating expenses down slightly to $34.7M helped by $2.3M gains on asset sales.
- Cash $5.5M; $30.5M revolver availability; target free cash flow positive in early fiscal 2025.
- CEO cites early wins from DSD transformation, roasting consolidation to Portland facility.

## SEC filing metadata
- accession: 0000034563-24-000044
- form_type: 8-K
- ticker: FARM
- cik: 0000034563
- company_name: FARMER BROTHERS CO
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34563/000003456324000044/0000034563-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34563/000003456324000044/farm-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034563-24-000044
- JSON: https://secwatch.observer/filing/0000034563-24-000044.json
- Plain text: https://secwatch.observer/filing/0000034563-24-000044.txt

## Key facts
- Earnings Releases
  FARMER BROTHERS CO reported third fiscal quarter ended March 31, 2024 results: revenue $85.4 million, net income loss of $0.7 million.
  - Period: third fiscal quarter ended March 31, 2024
  - Revenue: $85.4 million
  - Net income: loss of $0.7 million
  - Result: reported results
  source text: exhibits. --- EX-99.1 (EX-99.1) --- Farmer Brothers reports third quarter fiscal 2024 financial results and publishes quarterly shareholder letter Fiscal Q3 2024 net sales of $85.4 million Gross margin increase of 660 basis points year-over-year to 40.1% NORTHLAKE, Texas, May, 9, 2024 – Farmer Bros. Co. (NASDAQ: FARM) today reported its third quarter fiscal 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/34563/000003456324000044/0000034563-24-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.