earnings
confidence high
sentiment positive
materiality 0.65
Farmer Bros Q4 net loss $4.7M; adjusted EBITDA $5.8M; full-year gross margin up 420 bps to 43.5%
FARMER BROTHERS CO
- Q4 net sales $85.1M (+1% YoY); gross margin 44.9% vs 38.8% last year.
- Q4 net loss $4.7M (incl $7.7M pension settlement); adjusted EBITDA $5.8M, +$7.4M YoY.
- Full year net sales $342.3M (+0.3%); gross margin 43.5% (+420 bps); net loss $14.5M.
- Full year adjusted EBITDA improved >$14M YoY; CEO cites operational improvement and debt paydown.
- Formed strategy committee to evaluate potential strategic alternatives to maximize shareholder value.
item 2.02item 9.01