Market Summary
USD2.66-0.06
Market Closed-2.21%
FARM Alerts
FARM Stock Price
FARM RSI Chart
FARM Valuation
FARM Price/Sales (Trailing)
FARM Profitability
FARM Fundamentals
FARM Revenue
FARM Earnings
Price Action
52 Week Range
1.756.83
(Low)(High)
Last 7 days
12.4%
Last 30 days
20.3%
Last 90 days
-2.5%
Trailing 12 Months
-49.8%
FARM Financial Health
FARM Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FARM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | MOORE JOHN E. III | acquired | - | - | 37,735 | head of coffee, interim ceo |
2023-09-15 | Radoff Bradley Louis | bought | 206,248 | 2.5781 | 80,000 | - |
2023-09-13 | Drake Scott Ray | acquired | - | - | 11,207 | chief financial officer |
2023-07-17 | Maserang II D Deverl | sold (taxes) | - | - | -12,787 | president and ceo |
2023-07-17 | Drake Scott Ray | sold (taxes) | -6,617 | 2.85 | -2,322 | chief financial officer |
2023-07-03 | MOORE JOHN E. III | acquired | - | - | 24,916 | vice president, head of coffee |
2023-05-09 | Drake Scott Ray | sold (taxes) | -23,566 | 2.65 | -8,893 | chief financial officer |
2023-02-10 | ZAMAN WAHEED | acquired | - | - | 23,023 | - |
2023-02-10 | Loretz Congdon Stacy | acquired | - | - | 23,023 | - |
2023-02-10 | PACE DAVID | acquired | - | - | 21,252 | - |
Which funds bought or sold FARM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -71.23 | -22,361 | 5,817 | -% |
2023-08-18 | Legato Capital Management LLC | sold off | -100 | -132,807 | - | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 31.28 | -15,956 | 259,602 | -% |
2023-08-15 | Ratan Capital Management LP | new | - | 930,000 | 930,000 | 1.29% |
2023-08-15 | GAMCO INVESTORS, INC. ET AL | reduced | -2.86 | -990,264 | 2,279,160 | 0.02% |
2023-08-15 | Formidable Asset Management, LLC | reduced | -3.08 | -34,000 | 87,000 | 0.02% |
2023-08-15 | CM WEALTH ADVISORS LLC | sold off | -100 | -600,000 | - | -% |
2023-08-14 | ADAGE CAPITAL PARTNERS GP, L.L.C. | unchanged | - | -273,840 | 695,904 | -% |
2023-08-14 | Penn Capital Management Company, LLC | reduced | -2.97 | -922,276 | 2,114,430 | 0.21% |
2023-08-14 | RBF Capital, LLC | new | - | 115,200 | 115,200 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
FARM Alerts
Schedule 13G FIlings of Farmer Bros
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 28, 2023 | 22nw fund, lp | 9.7% | 1,955,526 | SC 13D/A | |
| Feb 14, 2023 | kennedy capital management llc | 3.3% | 653,001 | SC 13G/A | |
| Feb 02, 2023 | farmer bros. co. 401(k) plan | 10.81% | 2,126,830 | SC 13G/A | |
| Dec 16, 2022 | 22nw fund, lp | 10.0% | 1,955,526 | SC 13D/A | |
| Oct 31, 2022 | jcp investment management, llc | 3.6% | 671,955 | SC 13D/A | |
| Oct 31, 2022 | 22nw fund, lp | 10.4% | 1,955,526 | SC 13D/A | |
| Oct 03, 2022 | jcp investment management, llc | 3.6% | 671,955 | SC 13D/A | |
| Sep 19, 2022 | jcp investment management, llc | 3.6% | 671,955 | SC 13D | |
| Sep 13, 2022 | 22nw fund, lp | 10.4% | 1,955,526 | SC 13G/A | |
| Mar 31, 2022 | gamco investors, inc. et al | 1.62% | 297,167 | SC 13D/A |
Recent SEC filings of Farmer Bros
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 10-K | Annual Report | |
| Sep 12, 2023 | 8-K | Current Report | |
| Sep 12, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 8-K | Current Report | |
| Aug 23, 2023 | 8-K | Current Report | |
| Aug 07, 2023 | 8-K | Current Report |
FARM Fair Value
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Peers (Alternatives to Farmer Bros)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MDLZ | 105.5B | 34.1B | 0.71% | 19.13% | 26.76 | 3.21 | 14.23% | 7.17% |
ADM | 43.0B | 99.9B | -2.34% | -7.38% | 10.37 | 0.43 | 5.85% | 15.26% |
BG | 17.1B | 63.8B | 1.65% | 28.12% | 8.66 | 0.27 | -1.26% | 10.80% |
LW | 13.9B | 5.4B | -0.56% | 23.18% | 13.82 | 2.61 | 30.54% | 402.19% |
| MID-CAP | ||||||||
DAR | 10.4B | 7.1B | -9.55% | -24.75% | 14.05 | 1.49 | 28.15% | 13.60% |
PPC | 5.6B | 17.1B | -5.77% | -5.51% | 32.91 | 0.33 | 1.98% | -77.16% |
FRPT | 3.2B | 668.0M | -13.60% | 68.22% | -50.4 | 4.76 | 33.17% | -27.58% |
TR | 2.1B | 725.1M | -4.99% | -12.40% | 26.84 | 2.96 | 13.98% | 16.38% |
| SMALL-CAP | ||||||||
BYND | 634.2M | 356.8M | -14.63% | -37.99% | -2.26 | 1.78 | -23.03% | 15.53% |
LWAY | 176.6M | 151.1M | 20.62% | 102.52% | 31.07 | 1.17 | 17.95% | 1565.21% |
BRID | 102.1M | 253.6M | -1.49% | -24.80% | 23.1 | 0.4 | -3.31% | -88.55% |
FARM | 50.2M | 340.0M | 20.35% | -49.82% | -0.63 | 0.15 | -27.54% | -405.59% |
PLAG | 57.7M | 30.3M | 10.24% | 9.30% | -1.58 | 1.9 | -47.85% | -262.15% |
RMCF | 30.7M | 29.0M | -4.69% | -23.99% | -4.8 | 1.06 | 0.85% | -516.46% |
Farmer Bros News
Returns for FARM
Cumulative Returns on FARM
-15.8%
10-Year Cumulative Returns
-30.9%
7-Year Cumulative Returns
-36.9%
5-Year Cumulative Returns
-18.0%
3-Year Cumulative Returns
Risks for FARM
What is the probability of a big loss on FARM?
100%
Probability that Farmer Bros stock will be more than 20% underwater in next one year
98.1%
Probability that Farmer Bros stock will be more than 30% underwater in next one year.
79.6%
Probability that Farmer Bros stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FARM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Farmer Bros was unfortunately bought at previous high price.
Drawdowns
Financials for Farmer Bros
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -32.2% | 339,964,000 | 501,294,000 | 496,458,000 | 482,211,000 | 469,193,000 | 449,062,000 | 422,816,000 | 408,942,000 | 397,850,000 | 376,076,000 | 412,063,000 | 459,990,000 | 501,320,000 | 562,287,000 | 562,287,000 | 569,562,000 | 578,402,000 | 585,890,000 | 614,678,000 | 607,403,000 | 598,563,000 |
| Gross Profit | -4.9% | 114,613,000 | 120,565,000 | 127,454,000 | 132,059,000 | 136,916,000 | 130,387,000 | 118,705,000 | 109,961,000 | 100,925,000 | 88,094,000 | 102,165,000 | 119,900,000 | 138,122,000 | 160,298,000 | 160,298,000 | 169,557,000 | 177,151,000 | 192,160,000 | 206,509,000 | 197,250,000 | 189,656,000 |
| Operating Expenses | -6.9% | 135,572,000 | 145,555,000 | 146,746,000 | 149,205,000 | 151,544,000 | 146,846,000 | 141,621,000 | 138,469,000 | 139,098,000 | 133,691,000 | 182,536,000 | 181,237,000 | 181,124,000 | 196,729,000 | 159,613,000 | 177,240,000 | 193,804,000 | 199,805,000 | 208,886,000 | 212,411,000 | 206,336,000 |
| S&GA Expenses | -5.3% | 103,151,000 | 108,907,000 | 108,059,000 | 108,858,000 | 107,277,000 | 105,973,000 | 101,263,000 | 98,013,000 | 95,503,000 | 92,308,000 | 101,509,000 | 111,646,000 | 121,762,000 | 128,812,000 | 128,812,000 | 133,497,000 | 137,193,000 | 149,524,000 | 155,310,000 | 150,625,000 | 146,929,000 |
| EBITDA | -100.0% | - | 609,000 | 5,815,000 | 13,383,000 | 17,364,000 | 22,640,000 | 15,339,000 | 18,319,000 | 15,531,000 | 7,771,000 | -19,360,000 | -7,458,000 | 3,097,000 | 4,780,000 | 37,703,000 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.00 | 0.01 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.02 | -0.05 | -0.02 | 0.01 | 0.01 | 0.07 | - | - | - | - | - | - |
| Interest Expenses | -38.3% | 9,162,000 | 14,841,000 | 12,222,000 | 11,131,000 | 9,516,000 | 13,894,000 | 15,296,000 | 15,745,000 | 15,962,000 | 11,773,000 | 11,258,000 | 11,179,000 | 10,483,000 | 10,720,000 | 11,223,000 | 11,696,000 | 12,000,000 | 11,701,000 | 11,267,000 | 10,441,000 | 9,757,000 |
| Earnings Before Taxes | 6.2% | -34,363,000 | -36,648,000 | -29,205,000 | -20,931,000 | -15,962,000 | -15,767,000 | -25,561,000 | -24,289,000 | -28,056,000 | -32,585,000 | -59,652,000 | -47,957,000 | -37,282,000 | -36,389,000 | -4,166,000 | -24,664,000 | -33,484,000 | -24,298,000 | -19,224,000 | -6,671,000 | -968,000 |
| EBT Margin | 100.0% | - | -0.07 | -0.06 | -0.04 | -0.03 | -0.04 | -0.06 | -0.06 | -0.07 | -0.09 | -0.14 | -0.10 | -0.07 | -0.06 | -0.01 | - | - | - | - | - | - |
| Net Income | -118.8% | -79,180,000 | -36,182,000 | -28,799,000 | -20,611,000 | -15,661,000 | -15,855,000 | -25,499,000 | -37,804,000 | -41,651,000 | -75,320,000 | -101,413,000 | -75,934,000 | -65,010,000 | -101,499,000 | -101,499,000 | -119,353,000 | -126,993,000 | -71,532,000 | -33,948,000 | -16,094,000 | -8,454,000 |
| Net Income Margin | 100.0% | - | -0.07 | -0.06 | -0.04 | -0.03 | -0.04 | -0.06 | -0.09 | -0.10 | -0.13 | -0.18 | -0.10 | -0.07 | -0.06 | -0.08 | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -22,927,333 | -13,593,333 | -30,594,000 | - | -19,486,333 | -18,320,666 | -31,835,333 | - | -27,159,333 | -18,497,000 | -1,945,000 | -16,026,000 | 18,534,000 | 18,254,000 | -1,820,000 | 690,000 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -42.2% | 188 | 325 | 339 | 339 | 350 | 359 | 347 | 346 | 338 | 340 | 356 | 355 | 393 | 395 | 437 | 440 | 425 | 453 | 528 | 503 | 476 |
| Current Assets | -24.8% | 113 | 150 | 160 | 158 | 165 | 170 | 154 | 148 | 139 | 133 | 140 | 134 | 177 | 173 | 171 | 168 | 160 | 186 | 216 | 194 | 174 |
| Cash Equivalents | -25.8% | 5.00 | 7.00 | 18.00 | 8.00 | 10.00 | 11.00 | 4.00 | 6.00 | 10.00 | 8.00 | 6.00 | 11.00 | 60.00 | 26.00 | 9.00 | 7.00 | 7.00 | 12.00 | 13.00 | 8.00 | 2.00 |
| Inventory | -40.1% | 49.00 | 82.00 | 84.00 | 96.00 | 100 | 101 | 87.00 | 84.00 | 77.00 | 75.00 | 81.00 | 72.00 | 67.00 | 86.00 | 85.00 | 92.00 | 88.00 | 100 | 116 | 116 | 104 |
| Net PPE | -74.3% | 34.00 | 131 | 134 | 136 | 138 | 142 | 144 | 147 | 150 | 154 | 160 | 163 | 166 | 169 | 172 | 181 | 189 | 191 | 194 | 191 | 187 |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Liabilities | -40.4% | 150 | 251 | 256 | 242 | 245 | 258 | 241 | 238 | 233 | 258 | 260 | 251 | 281 | 248 | 251 | 278 | 267 | 287 | 310 | 281 | 246 |
| Current Liabilities | -5.9% | 85.00 | 91.00 | 94.00 | 79.00 | 88.00 | 97.00 | 88.00 | 82.00 | 76.00 | 74.00 | 82.00 | 80.00 | 64.00 | 88.00 | 90.00 | 103 | 96.00 | 92.00 | 108 | 213 | 178 |
| LT Debt, Current | -100.0% | - | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 3.00 | 2.00 | 1.00 | - | - | - | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | -48.4% | 38.00 | 74.00 | 83.00 | 97.00 | 105 | 101 | 105 | 108 | 105 | 82.00 | 96.00 | 104 | 112 | 148 | 186 | 162 | 157 | 166 | 218 | 223 | 229 |
| Retained Earnings | -230.5% | -26.48 | 20.00 | 32.00 | 45.00 | 53.00 | 54.00 | 58.00 | 64.00 | 66.00 | 70.00 | 84.00 | 102 | 109 | 118 | 158 | 151 | 146 | 155 | 207 | 217 | 220 |
| Additional Paid-In Capital | 2.5% | 77.00 | 75.00 | 74.00 | 72.00 | 72.00 | 70.00 | 68.00 | 67.00 | 66.00 | 65.00 | 64.00 | 63.00 | 62.00 | 61.00 | 60.00 | 59.00 | 58.00 | 57.00 | 56.00 | 57.00 | 56.00 |
| Shares Outstanding | -7.5% | 18.00 | 20.00 | 20.00 | 19.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 15.2% | -6,880 | -8,110 | 704 | -18,138 | -11,454 | -7,625 | -6,258 | -17,206 | -1,486 | -10,098 | -173 | 14,327 | 1,455 | 36,015 | 38,901 | 30,483 | 35,450 | 8,001 | 4,742 | 2,831 | 8,855 |
| Share Based Compensation | 1.2% | 8,311 | 8,212 | 8,659 | 7,471 | 6,501 | 6,035 | 5,014 | 5,568 | 4,580 | - | - | - | 4,309 | - | - | - | 3,674 | 4,025 | 3,835 | 3,979 | 3,822 |
| Cashflow From Investing | 1620.5% | 88,445 | -5,817 | -6,114 | -4,727 | -6,045 | 257 | -698 | -1,801 | -10,696 | -12,489 | -12,033 | 6,435 | 21,917 | 21,508 | 16,894 | -13,339 | -32,361 | -39,381 | -41,883 | -74,066 | -74,640 |
| Cashflow From Financing | -897.2% | -86,140 | 10,805 | 21,551 | 24,414 | 17,055 | 9,447 | 4,898 | 14,171 | -37,393 | 4,672 | 8,933 | -17,162 | 29,658 | -43,328 | -59,998 | -17,850 | 1,456 | 36,600 | 45,060 | 72,069 | 61,982 |
FARM Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
| Income Statement [Abstract] | |||
| Net sales | $ 339,964,000 | $ 314,783,000 | $ 261,911,000 |
| Cost of goods sold | 225,351,000 | 180,968,000 | 166,130,000 |
| Gross profit | 114,613,000 | 133,815,000 | 95,781,000 |
| Selling expenses | 103,151,000 | 99,458,000 | 88,283,000 |
| General and administrative expenses | 37,561,000 | 43,243,000 | 38,977,000 |
| Net gains from sale of assets | (5,140,000) | (2,905,000) | (593,000) |
| Impairment of fixed assets | 0 | 0 | 1,243,000 |
| Operating expenses | 135,572,000 | 139,796,000 | 127,910,000 |
| Loss from operations | (20,959,000) | (5,981,000) | (32,129,000) |
| Other (expense) income: | |||
| Interest expense | (9,162,000) | (4,009,000) | (9,901,000) |
| Postretirement benefits curtailment and pension settlement charge | 0 | 0 | 6,359,000 |
| Other, net | (4,242,000) | 8,140,000 | 19,386,000 |
| Total other (expense) income | (13,404,000) | 4,131,000 | 15,844,000 |
| Loss from continuing operations before taxes | (34,363,000) | (1,850,000) | (16,285,000) |
| Income tax (benefit) expense | (325,000) | 124,000 | 13,928,000 |
| Loss from continuing operations | (34,038,000) | (1,974,000) | (30,213,000) |
| Less: Cumulative preferred dividends, undeclared and unpaid | (45,142,000) | (13,687,000) | (11,438,000) |
| Net loss | (79,180,000) | (15,661,000) | (41,651,000) |
| Less: Cumulative preferred dividends, undeclared and unpaid | 0 | 594,000 | 574,000 |
| Net loss available to common stockholders | $ (79,180,000) | $ (16,255,000) | $ (42,225,000) |
| Loss from continuing operations available to common stockholders per common share, basic (in dollars per share) | $ (1.74) | $ (0.14) | $ (1.74) |
| Loss from continuing operations available to common stockholders per common share, diluted (in dollars per share) | (1.74) | (0.14) | (1.74) |
| Loss from discontinued operations available to common stockholders per common share, basic (in dollars per share) | (2.30) | (0.75) | (0.65) |
| Loss from discontinued operations available to common stockholders per common share, diluted (in dollars per share) | (2.30) | (0.75) | (0.65) |
| Net loss available to common stockholders per common share, basic (in dollars per share) | (4.04) | (0.89) | (2.39) |
| Net loss available to common stockholders per common share, diluted (in dollars per share) | $ (4.04) | $ (0.89) | $ (2.39) |
| Weighted average common shares outstanding - basic (in shares) | 19,621,992 | 18,200,080 | 17,635,402 |
| Weighted average common shares outstanding—diluted (in shares) | 19,621,992 | 18,200,080 | 17,635,402 |
FARM Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 5,244,000 | $ 9,819,000 |
| Restricted cash | 175,000 | 175,000 |
| Accounts and notes receivable, net of allowance for credit losses of $416 and $195, respectively | 45,129,000 | 46,935,000 |
| Inventories | 49,276,000 | 57,568,000 |
| Short-term derivative assets | 68,000 | 3,022,000 |
| Prepaid expenses | 5,334,000 | 4,491,000 |
| Current assets, discontinued operations | 0 | 42,050,000 |
| Assets held for sale, continuing operations | 7,770,000 | 1,032,000 |
| Total current assets | 112,996,000 | 165,092,000 |
| Property, plant and equipment, net | 33,782,000 | 42,207,000 |
| Intangible assets, net | 13,493,000 | 15,863,000 |
| Right-of-use operating lease assets | 24,593,000 | 27,957,000 |
| Other assets | 2,917,000 | 3,009,000 |
| Noncurrent assets, discontinued operations | 0 | 95,943,000 |
| Total assets | 187,781,000 | 350,071,000 |
| Current liabilities: | ||
| Accounts payable | 60,088,000 | 52,877,000 |
| Accrued payroll expenses | 10,082,000 | 14,761,000 |
| Right-of-use operating lease liabilities - current | 8,040,000 | 7,721,000 |
| Term loan - current | 0 | 3,800,000 |
| Short-term derivative liability | 2,636,000 | 2,349,000 |
| Other current liabilities | 4,519,000 | 6,095,000 |
| Total current liabilities | 85,365,000 | 87,603,000 |
| Long-term borrowings under revolving credit facility | 23,021,000 | 63,000,000 |
| Loans Payable, Noncurrent | 0 | 40,123,000 |
| Accrued pension liabilities | 19,761,000 | 28,540,000 |
| Accrued postretirement benefits | 763,000 | 787,000 |
| Accrued workers’ compensation liabilities | 3,065,000 | 3,169,000 |
| Right-of-use operating lease liabilities | 17,157,000 | 20,762,000 |
| Other long-term liabilities | 537,000 | 1,339,000 |
| Total liabilities | 149,669,000 | 245,323,000 |
| Commitments and contingencies (Note 19) | ||
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value, 500,000 shares authorized; Series A Convertible Participating Cumulative Perpetual Preferred Stock, 21,000 shares authorized; no shares issued and outstanding as of June 30, 2023 and 14,700 shares issued and outstanding as of June 30, 2022; liquidation preference of $17,346 as of June 30, 2022 | 0 | 15,000 |
| Common stock, $1.00 par value, 50,000,000 shares authorized; 20,142,973 and 18,464,966 shares issued and outstanding at June 30, 2023 and 2022, respectively | 20,144,000 | 18,466,000 |
| Additional paid-in capital | 77,278,000 | 71,997,000 |
| Retained earnings (accumulated deficit) | (26,479,000) | 52,701,000 |
| Accumulated other comprehensive loss | (32,831,000) | (38,431,000) |
| Total stockholders’ equity | 38,112,000 | 104,748,000 |
| Total liabilities and stockholders’ equity | $ 187,781,000 | $ 350,071,000 |
Farmer Bros. Co. engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee. It serves small independent restaurants, foodservice operators, and large institutional buyers, as well as consumers. The company distributes its products through direct-store-delivery network, and common carriers or third-party distributors, as well as Website. The company was founded in 1912 and is headquartered in Northlake, Texas.