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Farmer Bros. Co (FARM.OQ)

FARM.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Farmer Bros says believes gross margins in FY18 will be impacted by about 60-80 BPS
Wednesday, 15 Nov 2017 07:30am EST 

Nov 15 (Reuters) - Farmer Bros. Co -:Farmer Bros- currently believe gross margins in FY 18 will be impacted by about 60 - 80 BPS from higher depriciation at new Northlake, Texas facility‍​.Farmer Bros- maintenance CAPX of $20 million - $22 million, currently estimated for FY 18 excluding Boyd's Coffee - SEC filing.  Full Article

Farmer Bros Co posts Q1 loss of $0.06 per share
Tuesday, 7 Nov 2017 04:41pm EST 

Nov 7 (Reuters) - Farmer Bros. Co :Farmer bros. co. Reports first quarter fiscal 2018 financial results.Q1 non-gaap earnings per share $0.03.Q1 sales rose 0.9 percent to $131.7 million.Q1 loss per share $0.06.  Full Article

Farmer Bros files for mixed shelf offering of up to $250 mln ‍​
Friday, 3 Nov 2017 05:30pm EDT 

Nov 3 (Reuters) - Farmer Bros. Co ::Farmer Bros Co files for mixed shelf offering of up to $250 million - sec filing ‍​.  Full Article

Farmer Bros announces select preliminary Q4 and full fiscal 2017 financial results
Tuesday, 12 Sep 2017 05:13pm EDT 

Sept 12 (Reuters) - Farmer Bros. Co :Farmer Bros. Co. Announces select preliminary fourth quarter and full fiscal 2017 financial results and filing of form 12b-25.Farmer Bros. Co- Q4 fully diluted EPS is expected to be approximately $0.07.Farmer Bros. Co - preliminary Q4 ‍net sales expected to decrease approximately 0.3 pct, or $0.4 million, to approximately $133.8 million ​.  Full Article

Farmer Bros. Co - ‍units entered into first amendment to credit agreement and first amendment to pledge and security agreement​
Wednesday, 30 Aug 2017 04:44pm EDT 

Aug 30 (Reuters) - Farmer Bros. Co :Farmer Bros. Co - ‍units entered into first amendment to credit agreement and first amendment to pledge and security agreement​.Farmer Bros. Co - ‍amended credit agreement increases aggregate commitments of senior secured revolving credit facility from $75 million to $125 million​.Farmer Bros. Co - ‍amended credit agreement includes an accordion feature whereby co may increase revolving commitment by amount not to exceed $50 million​.Farmer Bros. Co - ‍interest rates are otherwise unchanged in amended credit agreement​.Farmer Bros. Co - ‍amended credit agreement also extends maturity date of revolving facility from March 2, 2020 to August 25, 2022​.  Full Article

Farmer Brothers announces agreement to acquire Boyd Coffee Company
Monday, 21 Aug 2017 04:15pm EDT 

Aug 21 (Reuters) - Farmer Bros. Co :Farmer Brothers announces agreement to acquire Boyd Coffee Company.Farmer Bros. Co - ‍purchase price consists of up to $42 million in cash and 21,000 shares of a new series of preferred stock​.Farmer Bros. Co - ‍company plans to amend its existing bank credit facility​.Farmer Bros. Co - deal expected to be accretive to earnings following integration.Farmer Bros. Co - ‍one-time costs associated with transaction are expected to be approximately $9 to $11 million​.Farmer Bros. Co - ‍Farmer Brothers currently expects transaction to deliver between $13 to $16 million in annual incremental adjusted EBITDA​.Farmer Bros. Co - deal for ‍an estimated value of aggregate purchase price of $58.6 million​.  Full Article

Wellington Management reports a 10.11 pct passive stake in Farmer Brothers
Monday, 12 Jun 2017 10:27am EDT 

June 12 (Reuters) - Farmer Bros Co ::Wellington Management Group LLP reports a 10.11 percent passive stake in Farmer Brothers Co as of May 31, 2017 - SEC filing.  Full Article

Farmer Bros reports Q3 non-GAAP earnings per share $0.17
Tuesday, 9 May 2017 04:15pm EDT 

May 9 (Reuters) - Farmer Bros. Co :Farmer Bros. Co. reports third quarter fiscal 2017 financial results.Q3 non-GAAP earnings per share $0.17.Q3 earnings per share $0.10.Q3 sales rose 2.8 percent to $138.2 million.  Full Article

Farmer Bros announces new sales model to strengthen DSD organization
Tuesday, 21 Feb 2017 08:00am EST 

Farmer Bros. Co : Farmer bros. co. Announces new sales model to strengthen dsd organization . Restructuring of its direct-store-delivery (DSD) sales model . Targeting approximately $2.0 million - $2.6 million in annual cost savings associated with restructuring . Anticipates that it will begin to recognize cost benefits in q4 of fiscal 2017 . Expects annualized savings from restructuring plan beginning in q2 of fiscal 2018 .Estimates that it will recognize approximately $3.7 million - $4.9 million of pre-tax restructuring charges by end of q2 2018.  Full Article

Farmer Bros announces executive management changes
Friday, 17 Feb 2017 08:00am EST 

Farmer Bros. Co : Farmer Bros. Announces executive management changes . Says David G. Robson appointed CFO .Farmer Bros. Co - Barry C. Fischetto, senior vice president of operations, has resigned from company.  Full Article

BRIEF-Farmer Bros Co posts Q1 loss of $0.06 per share

* Farmer bros. co. Reports first quarter fiscal 2018 financial results