Farmer Bros Co (FARM) Misses Q4 EPS by 12c, Revenues Miss

Farmer Bros Co (NASDAQ: FARM) reported Q4 EPS of $0.00, $0.12 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $149.54 million versus the consensus estimate of $152.65 million.

“We had a solid fourth quarter and achieved Adjusted EBITDA results for the fiscal year in line with our expectations,” said Mike Keown, President and CEO. “As we closed out the year, our team continued to execute our strategy focused on leveraging the investments we have made in our roasting facilities, expanding our distribution network, adding new customers, and increasing business with existing customers. We ended fiscal 2018 having made terrific progress on the integration of the Boyd business, bringing a large portion of the production into our facilities and transitioning all Boyd DSD routes to our network. We added over 13 million pounds of green coffee to our business in fiscal 2018 from Boyd's - about 12% of our total volume for the year. In addition, we are continuing to convert new customers in our pipeline following the SQF certification of our Northlake, Texas facility earlier this year. As we look forward, we are excited about our ability to capitalize on growth opportunities in the dynamic coffee industry.”

For earnings history and earnings-related data on Farmer Bros Co (FARM) click here.

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