Exhibit 99.1


Farmer Bros. Co. Reports Second Quarter Fiscal 2019 Financial Results

NORTHLAKE, Texas, Feb. 11, 2019 (GLOBE NEWSWIRE) -
Farmer Bros. Co. (NASDAQ: FARM) (the "Company") today reported financial results for its second fiscal quarter ended December 31, 2018.

Second Quarter Fiscal 2019 Highlights:

Volume of green coffee processed and sold decreased by 1.7 million pounds to 27.4 million pounds, a 5.8% decrease over the prior year period;
Green coffee pounds processed and sold through our DSD network were 9.9 million, or 36.0% of total green coffee pounds processed and sold
Direct ship customers represented 17.0 million, or 62.2%, of total green coffee pounds processed and sold
Distributor customers represented 0.5 million pounds, or 1.8%, of total green coffee pounds processed and sold
Net loss was $(10.1) million compared to net loss of $(17.1) million in the prior year period; and
Adjusted EBITDA was $12.4 million compared to $10.5 million in the prior year period.*

(*Adjusted EBITDA, a non-GAAP financial measure, is reconciled to its corresponding GAAP measure at the end of this press release.)

“As we pass the halfway mark in fiscal 2019, while sales were softer than anticipated during the quarter, our team has continued to make progress in executing our strategy and implementing initiatives to strengthen our platform,” said Mike Keown, President and CEO. “Our results in the second quarter reflect the realization of the synergies from the Boyd’s acquisition and we are pleased to have improved Adjusted EBITDA by 18%, while also remaining on track to achieve our targeted range for the fiscal year of $49 million to $52 million. We are making headway in optimizing our DSD routes and consolidating branches, while also continuing to enhance our street sales teams. Our team continues to focus on adding new customers as well as increasing business with existing customers. Looking forward, we remain optimistic about Farmer Brothers’ long-term growth opportunities and we believe that we have the right foundation in place to deliver value for our shareholders.”

The following information was filed by Farmer Brothers Co (FARM) on Monday, February 11, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.


With paid membership comes the following features:

  1. Positive & negative highlights
  2. Direct links to disclosures
  3. No advertisements
  4. Wider reading area
  5. Email notifications
  6. Stock screeners
What additional features would you like to see? Send us your feedback and get your first month free.


Membership Level change

You have selected the Paid Monthly membership level.

Get unlimited access to our online tools for reading 10-Ks and 10-Qs more efficiently including:

  • Positive & negative highlights info
  • No advertisements info
  • Direct links to disclosures info
  • Wider reading area info
  • Email notifications info
  • Stock screener info

The price for membership is $0.00 now and then $10.00 per Month after your 3 day trial.

Account Information Already have an account? Log in here


Select a Payment Plan No contracts, cancel anytime

Payment Information We Accept Visa, Mastercard, American Express and Discover

(what's this?)
Your privacy is important to us - We do not rent or sell your personal information to third parties.
By creating an account, you are agreeing to our Terms and Privacy Policy

Log in with your credentials


Forgot your details?

Create Account