FARMER BROTHERS CO

Listed Company

FARMCIK 0000034563NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Food Preparations & Kindred ProductsDelawareFY ends Jun 30

Period

FY 2025

Revenue

$342.28M

Net Income

$-14.52M

Total Assets

$161.23M

Equity

$43.55M

Shares Out

21.73M

Op. Cash Flow

$16.10M

Business

FARMER BROTHERS CO is a coffee roaster, wholesaler, equipment servicer and distributor focused on supplying coffee, tea and allied culinary products to foodservice and retail customers. It offers roast-and-ground and whole bean coffee (including organic, Direct Trade, Project D.I.R.E.C.T.®, and Fair Trade Certified™ offerings), frozen and ambient liquid coffee, hot and iced teas, cappuccino and other beverages, culinary mixes and equipment installation, repair and refurbishment, plus market insight and beverage planning services. The company operates in one business segment and markets products under owned brands (e.g., Farmer Brothers®, China Mist®, Boyds®, Cain’s™) while providing Revive equipment service and a nationwide DSD program. Its products reach customers through a national direct-store-delivery network, regional distribution centers, third-party logistics, foodservice distributors, retail channels and e-commerce.

Summary from filing dated 2025-09-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	342	341	340	315	262
Cost of goods sold	193	207	225	181	166
Gross profit	149	134	115	134	96
Selling expenses	108	111	103	99	88
General and administrative expenses	39	42	38	43	39
Net losses (gains) on disposal of assets	3	−17	−5	−3	−593,000
Operating expenses	150	136	136	140	128
Loss from operations	−1	−2	−21	−6	−32
Interest expense	−7	−8	−9	−4	—
Pension settlement charge	−8	0	—	—	—
Other, net	2	6	−4	8	19
Total other expense	−13	−2	−13	4	16
Loss from operations before taxes	−14	−4	−34	−2	−16
Income tax expense	116,000	14,000	−325,000	124,000	14
Net loss	−15	−4	−79	−16	−42
Net loss available to common stockholders	−15	−4	−79	−16	−42
Net loss per common share available to common stockholders basic (in dollars per share)	−0.68	−0.19	−4.04	−0.89	−1.74
Net loss per common share available to common stockholders diluted (in dollars per share)	−0.68	−0.19	−4.04	−0.89	−1.74
Weighted average common shares outstanding - basic (in shares)	21	21	20	18	18
Weighted average common shares outstanding - diluted (in shares)	21	21	20	18	18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	7	6	5	10	10
Restricted cash	200,000	175,000	175,000	175,000	175,000
Accounts and notes receivable, net of allowance for credit losses of $650 and $710, respectively	25	35	45	47	40
Inventories	50	57	49	58	77
Short-term derivative assets	0	11,000	68,000	3	4
Prepaid expenses	4	4	5	4	6
Assets held for sale	0	352,000	8	1	2
Total current assets	86	103	113	165	139
Property, plant and equipment, net	28	34	34	42	150
Intangible assets, net	9	11	13	16	18
Right-of-use operating lease assets	38	35	25	28	26
Other assets	461,000	2	3	3	4
Total assets	161	185	188	350	338
Accounts payable	38	48	60	53	46
Accrued payroll expenses	13	11	10	15	15
Right-of-use operating lease liabilities - current	17	14	8	8	6
Short-term derivative liability	0	730,000	3	2	2
Other current liabilities	4	3	5	6	6
Total current liabilities	71	77	85	88	76
Long-term borrowings under revolving credit facility	14	23	23	63	44
Accrued pension liabilities	7	12	20	29	39
Accrued postretirement benefits	0	789,000	763,000	787,000	960,000
Accrued workers compensation liabilities	3	2	3	3	4
Right-of-use operating lease liabilities	22	22	17	21	20
Other long-term liabilities	221,000	2	537,000	1	5
Total liabilities	118	140	150	245	233
Commitments and contingencies (Note 18)	—	—	—	—	—
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,560,985 and 21,264,327 shares issued and outstanding at June 30, 2025 and 2024, respectively	22	21	20	18	18
Additional paid-in capital	82	80	77	72	66
Accumulated deficit	−45	−30	−26	53	66
Accumulated other comprehensive loss	−15	−25	−33	—	—
Total stockholders equity	44	46	38	105	105
Total liabilities and stockholders equity	161	185	188	350	338

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	11	12	22	24	28
Postretirement benefits and pension settlement cost	8	0	0	0	−21
Net losses (gains) on disposal of assets	3	−18	22	−3	−593,000
Net losses on derivative instruments	3	113,000	8	−22	−3
Share-based compensation expense	2	4	8	7	5
Provision for credit losses	356,000	748,000	743,000	−353,000	−877,000
Accounts receivable, net	11	10	−939,000	−6	1
Inventories	7	−8	20	−23	−9
Derivative assets, net	−6	565,000	−6	20	5
Other assets	2	2	−945,000	3	11
Accounts payable	−11	−12	7	7	8
Accrued expenses and other	−15,000	−2	−5	−1	3
Net cash provided by (used in) operating activities	16	−14	−7	−11	−1
Sale of business	−800,000	−1	—	—	—
Purchases of property, plant and equipment	−10	−14	−15	−15	−15
Proceeds from sales of property, plant and equipment	4	30	11	9	4
Net cash (used in) provided by investing activities	−6	15	88	−6	−11
Proceeds from Credit Facilities	8	6	54	24	81
Repayments on Credit Facilities	−17	−6	−140	−6	−159
Payment of financing costs	−33,000	−76,000	−368,000	−352,000	−6
Payments of finance lease obligations	−193,000	−193,000	−193,000	−193,000	−105,000
Net cash (used in) provided by financing activities	−9	10,000	−86	17	−37
Net increase in cash and cash equivalents and restricted cash	969,000	586,000	−5	−444,000	−50
Cash paid for interest	2	3	12	8	6
Cash paid for income taxes	152,000	164,000	177,000	142,000	355,000
Non-cash additions to property, plant and equipment	85,000	167,000	124,000	63,000	95,000
Right-of-use assets obtained in exchange for new operating lease liabilities	21	14	4	8	10
Non-cash issuance of 401(K) common stock	0	595,000	938,000	373,000	398,000

Filings

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