TORRANCE, Calif., May 07, 2015 (GLOBE NEWSWIRE) -- Farmer Bros. Co. today reported financial results for the third quarter ended March 31, 2015.
Third Quarter Fiscal 2015 Highlights:
Net sales increased 5.6% to $132.5 million in the third quarter;
Loss from operations improved $0.7 million to $(1.4) million in the third quarter compared to $(2.1) million;
Net loss was $(2.6) million, or $(0.16) per common share, in the third quarter compared to net income of $2.5 million, or $0.16 per diluted common share;
Restructuring and other transition expenses associated with the Company's recently announced Corporate Relocation Plan were $3.6 million in the third quarter; and
Non-GAAP Net income excluding restructuring and other transition expenses was $1.0 million, and non-GAAP Net income excluding restructuring and other transition expenses per common share-diluted was $0.06 in the third quarter
