Farmer Bros Co (FARM) Misses Q4 EPS by 7c
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Farmer Bros. Co. Reports Fiscal 2014 and Fourth Quarter Results
September 9, 2014 4:20 PM EDT14% increase in coffee pounds processed and sold in fiscal 2014 versus fiscal 2013 Net income in fiscal 2014 was $12.1 million versus net loss of $8.5 million in fiscal 2013 Adjusted EBITDA in fiscal 2014 was $46.1 million versus $28.7 million in fiscal 2013 Effective pay-down of credit facility from $19.7 million at the end of fiscal 2013 to $78,000 at the end of fiscal 2014
TORRANCE, Calif., Sept. 9, 2014 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (Nasdaq: FARM) today reported financial results for the fourth quarter and fiscal year ended June 30, 2014.
Fiscal 2014 Highlights:
Net sales increased 2.8% to $528.4 million compared to fiscal 2013;... More