Farmer Bros Co (NASDAQ: FARM) reported Q4 EPS of $0.07, $0.08 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $133.8 million versus the consensus estimate of $135.72 million.

Select Preliminary Fourth Quarter Fiscal 2017 Highlights:

• Volume of green coffee pounds processed and sold is expected to increase approximately 0.9% year-over-year
• Net sales expected to decrease approximately 0.3%, or $0.4 million, to approximately $133.8 million
• Gross profit is expected to increase approximately $1.2 million, and gross margin is expected to expand 100 basis points to approximately 40.1%
• Income from operations is expected to decline approximately $1.4 million to $1.7 million due to higher one-time costs and fewer one-time benefits
• Net income is expected to be approximately $1.1 million
• Fully diluted EPS is expected to be approximately $0.07

Select Preliminary Fiscal 2017 Highlights:

• Volume of green coffee pounds processed and sold is expected to increase approximately 5.3% year-over-year
• Net sales expected to decrease approximately 0.5%, or $2.9 million, to approximately $541.5 million
• Gross profit is expected to increase approximately $5.3 million and gross margin is expected to increase 120 basis points to approximately 39.5%
• Income from operations is expected to increase approximately $34.0 million to approximately $42.2 million due to a net gain from the sale of the Company\'s Torrance facility in fiscal 2017
• Net income is expected to be approximately $24.4 million
• Fully diluted EPS is expected to be approximately $1.45

"Overall, it was a very solid quarter to close a transformational year and one that we believe further positions Farmer Brothers for future success,\" said Mike Keown, President and CEO. \"Our continued progress in anticipated gross margin improvement shows the ongoing benefits of our restructure."

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