secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000034563-24-000090
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Bros Q1 net sales up 4% to $85.1M; adjusted EBITDA positive $1.4M, gross margin 43.9%
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- Net sales rose 4% YoY to $85.1M; gross margin expanded 630 bps to 43.9% on improved pricing.
- Adjusted EBITDA turned positive at $1.4M vs -$0.5M a year ago; net loss widened to $5.0M from $1.3M due to absence of asset sale gains.
- SKU rationalization on track for Q3 fiscal 2025; Boyd's Coffee brand refresh completed.
- Cash and equivalents $3.3M, restricted cash $1.9M, revolver availability $27.1M as of Sep 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000003456324000090/0000034563-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000003456324000090/farm-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000034563-24-000090

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