Brian Reinsborough, President and CEO commented: "We have demonstrated a great start to our joint venture partnership with BW Energy by completing the farm down agreement in such a short period of time. This transaction maximizes cash up front for our multi-well drilling program and provides significant cash for development expenditures on success, while still retaining a high level of working interest for ReconAfrica and its shareholders. We look forward to continuing to work closely with BW Energy over th ...

IRVING, Texas, July 02, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers Co., a Delaware corporation, (NASDAQ: FARM) reported today the company issued certain inducement awards under the Farmer Bros. Co. 2020 Inducement Incentive Plan to Chief Financial Officer Vance Fisher pursuant to Nasdaq Listing Rule 5635(c)(4). About Farmer Brothers Founded in 1912, Farmer Brothers is a national coffee roaster, wholesaler, equipment servicer and distributor of coffee, tea and culinary products. The company's product lines inc ...

NORTHLAKE, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM) a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today it has appointed Vance Fisher as chief financial officer. Brad Bollner, who has served as the company's interim CFO since August 2023, will remain with the company as its vice president of finance. "Vance is an experienced CFO with a proven track record of helping organizations grow revenue and EBITDA," said Chief Executive Office ...

"Vance is an experienced CFO with a proven track record of helping organizations grow revenue and EBITDA," said Chief Executive Officer John Moore. "We are excited to have him join our leadership team as we continue to unlock the full potential of our direct store delivery (DSD) network and drive strategic, long- term growth. We are also especially appreciative of Brad's diligence and contributions throughout our recent transition." Mr. Fisher, who has more than 25 years of financial leadership experience, ...

Farmer Bros. Co. (NASDAQ:FARM) Q3 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants John Moore - President and CEO Brad Bollner - Interim CFO Conference Call Participants Gerry Sweeny - ROTH Capital Eric Des Lauriers - Craig-Hallum Capital Group Operator Good afternoon and welcome to the Farmer Brothers Fiscal Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. As a reminder, this call is being recorded. Earlier today, the company issu ...

Farmer Brothers (FARM) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this coffee and tea company would post a loss of $0.21 per share when it actually produced a loss of $0.10, delivering a surprise of 52.38%.Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-0725980 (State or Other Jurisdiction ...

Exhibit 99.2 Third quarter fiscal 2024 letter to shareholders Exhibit 99.2 Dear shareholders, In our fiscal third quarter, we were pleased to maintain the positive year-over-year gains we have made in several of our key metrics, including gross margins and adjusted EBITDA . 1 Our results reflect continued progress related to the transformation of our direct store delivery (DSD) business. During the third quarter, we continued consolidation of our roasting and production operations to our Portland, Oregon fa ...

NORTHLAKE, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM) announced today the company will publish its fiscal third quarter 2024 financial results for the period ended March 31, 2024 with the filing of its 10-Q and the issuing of its quarterly shareholder letter, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, May 9. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Th ...

The growing health consciousness among consumers and their inclination toward nutritious and wholesome products have been advantageous for firms operating in the Zacks Natural Foods Products industry. Companies are bolstering their product portfolios through creative offerings and strategic acquisitions. Furthermore, certain players are channeling increased investments into augmenting their digital capabilities.However, industry players have been struggling with the challenges associated with escalating ope ...