Farmer Bros. Co. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 85.36 million compared to USD 85.72 million a year ago. Net loss was USD 0.682 million compared to USD 11.42 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.34 a year ago. Basic loss per share was USD 0.03 compared to USD 0.57 a year ago. Diluted loss per share was USD 0.03 compared to USD 0.57 a year ago.
For the nine months, sales was USD 256.7 million compared to USD 254.47 million a year ago. Net income was USD 0.717 million compared to net loss of USD 32.4 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.88 a year ago. Basic earnings per share was USD 0.03 compared to basic loss per share of USD 1.66 a year ago. Diluted earnings per share was USD 0.03 compared to diluted loss per share of USD 1.66 a year ago.