Farmer Brothers Co. Files Q2 2025 10-Q Report

TL;DR

FBRO Q2 2025 10-Q filed. Check financials.

AI Summary

Farmer Brothers Co. reported its Q2 2025 results for the period ending December 31, 2024. The company's filing covers its financial performance and operational updates. Specific financial figures and strategic details are outlined within the report.

Why It Matters

This 10-Q filing provides investors and stakeholders with the latest financial health and operational status of Farmer Brothers Co., crucial for understanding its current business trajectory.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's stock.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for this 10-Q filing.)
• 2024-12-31 — Period End Date (The end date for the financial reporting period.)
• 2025-02-06 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• FARMER BROTHERS CO (company) — Filer
• 20241231 (date) — Period of Report
• 20250206 (date) — Filed as of Date
• FORT WORTH (location) — Business Address City
• TX (location) — Business Address State

FAQ

Key Financial Figures

• $1.00 — ich Registered Common Stock, par value $1.00 per share FARM Nasdaq Global Select Ma

Filing Documents

• farm-20241231.htm (10-Q) — 1283KB
• farm-ex105offerletter.htm (EX-10.5) — 17KB
• farm-ex311xq2x2025.htm (EX-31.1) — 8KB
• farm-ex312xq2x2025.htm (EX-31.2) — 8KB
• farm-ex321xq2x2025.htm (EX-32.1) — 5KB
• farm-ex322xq2x2025.htm (EX-32.2) — 4KB
• logo25.jpg (GRAPHIC) — 4KB
• 0000034563-25-000018.txt ( ) — 7616KB
• farm-20241231.xsd (EX-101.SCH) — 47KB
• farm-20241231_cal.xml (EX-101.CAL) — 80KB
• farm-20241231_def.xml (EX-101.DEF) — 221KB
• farm-20241231_lab.xml (EX-101.LAB) — 651KB
• farm-20241231_pre.xml (EX-101.PRE) — 463KB
• farm-20241231_htm.xml (XML) — 1257KB

– FINANCIAL INFORMATION (UNAUDITED)

PART I – FINANCIAL INFORMATION (UNAUDITED)

Financial Statements

Item 1. Financial Statements 1 Consolidated Balance Sheets at December 31, 2024 and June 30, 2024 1 Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2024 and 2023 2 Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 31, 2024 and 2023 3 Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 4 Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 5

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 27

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 27

Risk Factors

Item 1A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 28

- FINANCIAL INFORMATION (UNAUDITED)

PART I - FINANCIAL INFORMATION (UNAUDITED)

Financial Statements

Item 1. Financial Statements FARMER BROS. CO. CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share and per share data) December 31, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 5,488 $ 5,830 Restricted cash 246 175 Accounts receivable, net of allowance for credit losses of $ 710 for both periods 35,608 35,147 Inventories 52,771 57,230 Short-term derivative assets 550 11 Prepaid expenses 4,829 4,236 Assets held for sale 352 352 Total current assets 99,844 102,981 Property, plant and equipment, net 30,984 34,002 Intangible assets, net 10,133 11,233 Right-of-use operating lease assets 36,858 35,241 Other assets 1,300 1,756 Total assets $ 179,119 $ 185,213 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable 44,629 48,478 Accrued payroll expenses 10,900 10,782 Right-of-use operating lease liabilities - current 16,090 14,046 Short-term derivative liability 2,624 730 Other current liabilities 3,649 2,997 Total current liabilities 77,892 77,033 Long-term borrowings under revolving credit facility 23,300 23,300 Accrued pension liabilities 11,553 12,287 Accrued postretirement benefits 811 789 Accrued workers' compensation liabilities 2,557 2,378 Right-of-use operating lease liabilities - noncurrent 21,290 21,766 Other long-term liabilities 226 2,111 Total liabilities $ 137,629 $ 139,664 Commitments and contingencies Stockholders' equity: Common stock, $ 1.00 par value, 50,000,000 shares authorized; 21,351,396 and 21,264,327 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively 21,351 21,265 Additional paid-in capital 80,913 79,963 Accumulated deficit ( 35,146 ) ( 30,354 ) Accumulated other comprehensive loss ( 25,628 ) ( 25,325 ) Total stockholders' equity $ 41,490 $ 45,549 Total liabilities and stockholders' equity $ 179,119 $ 185,213 The accompanying notes are an integral part of these unaudited consolidated financial statement

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View this 10-Q filing on SEC EDGAR