UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) (State or ...

Farmer Bros. Co. (NASDAQ:FARM) Q3 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Deverl Maserang - President and Chief Executive Officer Scott Drake - Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH MKM Operator Good day, and welcome to the Farmer Brothers Fiscal Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that ...

Financial Performance - Net sales for the three months ended March 31, 2023, increased by $4.8 million, or 4.1%, to $124.2 million compared to $119.4 million in the same period of 2022[167]. - Net sales for the nine months ended March 31, 2023, increased by $32.1 million, or 9.3%, to $378.3 million from $346.2 million in the same period of 2022[167]. - The company reported a net loss of $11.4 million for the three months ended March 31, 2023, compared to a net loss of $4.0 million in the same period of 2022, reflecting an increase in loss of 182.7%[166]. - The company experienced a decline in gross profit of $6.9 million, or 19.4%, for the three months ended March 31, 2023, compared to $35.6 million in the same period of 2022[166]. - Adjusted EBITDA for the three months ended March 31, 2023, was $(776) thousand, compared to $5.0 million in the same period last year[184]. Gross Margin and Profitability - Gross margin for the three months ended March 31, 2023, was 23.1%, down from 29.8% in the same period of 2022, representing a decrease of 6.7 percentage points[162]. - Gross profit for the three months ended March 31, 2023, decreased to $28.7 million, down from $35.6 million in the same period last year, with gross margin declining to 23.1% from 29.8%[169]. - EBITDA for the three months ended March 31, 2023, was $(2.9) million, a decline of 214.1% compared to $2.6 million in the same period of 2022[162]. Sales and Unit Performance - Coffee pounds sold decreased by 2,795 pounds, or 14.9%, to 16,002 pounds in the three months ended March 31, 2023, compared to 18,797 pounds in the same period of 2022[162]. - Unit sales decreased by 13.2% in the three months ended March 31, 2023, while average unit price increased by 19.9%, resulting in a net sales increase of 4.1%[168]. - Average unit price increased due to a higher mix of products sold via the DSD network compared to Direct ship, which has a lower average unit price[168]. Operating Expenses - Operating expenses as a percentage of sales improved to 30.8% for the three months ended March 31, 2023, from 33.1% in the same period of 2022, a favorable change of 2.3 percentage points[162]. - Operating expenses for the three months ended March 31, 2023, decreased by $1.2 million to $38.3 million, representing 30.8% of net sales, down from 33.1% in the prior year[171]. - Operating expenses for the nine months ended March 31, 2023, decreased by $6.0 million to $106.3 million, or 28.1% of net sales, down from 32.4% in the prior year[172]. Interest and Other Expenses - The company incurred interest expenses of $4.2 million for the three months ended March 31, 2023, which is an increase of 164.6% compared to $1.6 million in the same period of 2022[166]. - Total other expense for the three months ended March 31, 2023, increased to $1.8 million compared to $12 thousand in the same period last year[173]. - Interest expense for the three months ended March 31, 2023, increased to $4.2 million from $1.6 million in the prior year, primarily due to higher interest rates[174]. Capital Expenditures and Liquidity - Capital expenditures related to maintenance for the three months ended March 31, 2023, were $3.4 million, an increase of 13.9% from $3.0 million in the same period of 2022[162]. - The company anticipates capital expenditures between $14.0 million to $16.0 million for fiscal 2023, with $11.1 million spent in the nine months ended March 31, 2023[205]. - As of March 31, 2023, the company had outstanding borrowings of $67.0 million on the Revolver Credit Facility and $45.4 million under the Term Loan Facility, with a weighted average interest rate of 6.15%[214]. - The company expects to fund its long-term liquidity needs through operating cash flows and the Revolver Credit Facility, which had $16.4 million available as of March 31, 2023[200]. - The company had $7.3 million of unrestricted cash and cash equivalents and $0.2 million in restricted cash as of March 31, 2023[200]. Compliance and Future Outlook - The company is in compliance with all covenants under the Credit Facilities as of March 31, 2023, but anticipates potential noncompliance beginning June 30, 2023[195][196]. - A hypothetical 10% increase in coffee commodity prices could result in a $1.886 million increase in net loss related to coffee-related derivative instruments[218]. - Depreciation and amortization expenses were $16.7 million for the nine months ended March 31, 2023, with an expectation of approximately $5.0 million to $6.0 million for the quarter ending June 30, 2023[206].

Farmer Bros. Co. (NASDAQ:FARM) Q2 2023 Earnings Conference Call February 8, 2023 5:00 PM ET Company Participants Deverl Maserang – President and Chief Executive Officer Scott Drake – Chief Financial Officer Conference Call Participants Gerry Sweeney – ROTH MKM Operator Good afternoon, and welcome to the Farmer Bros. Fiscal Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. Joining me today are Deverl Maserang, President and Chief Executive Offic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) Incorporation of Organization) (I.R.S. Employe ...

Farmer Bros. Co. (NASDAQ:FARM) Q1 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Deverl Maserang - President & Chief Executive Officer Scott Drake - Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH Capital Operator Good afternoon, ladies and gentlemen, and welcome to the Farmer Brothers Fiscal First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-0725980 (State or Other Jurisdict ...

Farmer Bros. Co. (NASDAQ:FARM) Q4 2022 Earnings Conference Call September 1, 2022 5:00 PM ET Company Participants Jeff Majtyka - Ellipsis IR Deverl Maserang - President and CEO Scott Drake - CFO Conference Call Participants Gerry Sweeney - ROTH Capital Operator Good day, and welcome to the Farmer Brothers Fiscal Fourth Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation there'll be an opportunity to ask questions, [Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-0725980 (State or other jurisdiction of incorporation or ...

Farmer Bros. Co. (NASDAQ:FARM) Q3 2022 Results Conference Call May 5, 2022 4:00 PM ET Company Participants Deverl Maserang - President and CEO Scott Drake - CFO Conference Call Participants Gerry Sweeney - ROTH Capital Operator Good afternoon, ladies and gentlemen, and welcome to the Farmer Bros. Financial (sic) [Fiscal] Third Quarter’s 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. And instructions will follow a ...