Farmer Bros Co (FARM) Misses Q1 EPS by 16c
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Farmer Bros. Co. Announces Next Steps in Business Transformation Process and Reports Second Quarter Fiscal 2015 Financial Results
February 5, 2015 8:50 AM ESTTORRANCE, Calif., Feb. 5, 2015 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (Nasdaq: FARM) today announced a plan ("Corporate Relocation Plan") to close its Torrance, California facility and relocate these operations to a new state-of-the-art manufacturing, distribution and corporate headquarters facility designed to make the Company more competitive and better positioned to capitalize on growth opportunities. The Company expects this plan will result in annualized savings in the range of $12 to $15 million beginning in the latter half of fiscal 2016. The Company also reported financial results for the second quarter ended December 31, 2014.
Corporate Relocation... More
