Farmer Brothers

Farmer Brothers is a leading national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. Our product lines incorporate organic, fair trade and sustainably produced coffee beans. The Company’s portfolio features a wide range of coffees including Artisan Collection™, Metropolitan™, Superior®, Cain’s™ and McGarvey®.

With a full line of hot and iced teas, spices, mixes and coffee/tea brewing equipment, Farmer Brothers delivers comprehensive beverage planning services to its 65,000+ customers across the US. Our Company is a direct distributor to restaurants, hotels, casinos, offices, quick service restaurants (“QSR's”), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers. 

To meet our customers' needs we carry hundreds of items including roasted coffee, liquid coffee, coffee related products such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, salad dressings, pancake and biscuit mixes, and jellies and preserves. Approximately 50% of our total sales are from roasted coffee products. We distribute our products through direct and brokered sales, primarily through our “off-the-truck” distribution network, to our foodservice customers at their places of business. Our signature fleet of vehicles can be seen throughout the 48 contiguous United States. 

Our mission is to “sell great coffee and culinary products and provide superior service one customer at a time.” We also provide private brand specialty coffee programs to retailers through our independent, wholly-owned subsidiary, Coffee Bean International (CBI), one of the nation’s leading specialty coffee roasters.

Company Growth (employees)
Type
Public
HQ
Fort Worth, US
Founded
1912
Size (employees)
1,634 (est)
Farmer Brothers was founded in 1912 and is headquartered in Fort Worth, US

Farmer Brothers Office Locations

Farmer Brothers has an office in Fort Worth
Fort Worth, US (HQ)
200 13601 N Fwy Service Rd E

Farmer Brothers Data and Metrics

Farmer Brothers Financial Metrics

Farmer Brothers's revenue was reported to be $138.2 m in Q3, 2017
USD

Revenue (Q3, 2017)

138.2 m

Gross profit (Q3, 2017)

53.8 m

Gross profit margin (Q3, 2017), %

39%

Net income (Q3, 2017)

23.3 m

EBIT (Q3, 2017)

2.1 m

Market capitalization (17-Aug-2017)

502.5 m

Cash (31-Mar-2017)

5.7 m
Farmer Brothers's current market capitalization is $502.5 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

128.8 m528.4 m545.9 m544.4 m

Revenue growth, %

310%3%(0%)

Cost of goods sold

254.7 m306.5 m332.3 m328.7 m332.5 m348.8 m335.9 m

Gross profit

(199.9 m)195.9 m197 m208.5 m

Gross profit Margin, %

(155%)37%36%38%

Sales and marketing expense

150.2 m

General and administrative expense

42 m

Operating expense total

187 m193.8 m200.3 m

EBIT

(2.7 m)8.9 m3.3 m8.2 m

EBIT margin, %

(2%)2%1%2%

Interest expense

986 k2 m2.1 m1.8 m1.3 m769 k425 k

Interest income

92 k381 k496 k

Pre tax profit

9.9 m

Income tax expense

(2.5 m)(13.4 m)(347 k)(825 k)705 k402 k(80 m)

Net Income

3 m12.1 m652 k89.9 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

136 m144.8 m132.5 m133.4 m142.3 m134.5 m130.5 m139 m138.2 m

Cost of goods sold

87.9 m91.7 m85.9 m82.9 m89.4 m81.9 m79.3 m83.9 m84.4 m

Gross profit

48.1 m53.1 m46.6 m50.6 m52.9 m52.6 m51.2 m55.1 m53.8 m

Gross profit Margin, %

35%37%35%38%37%39%39%40%39%

Sales and marketing expense

38.5 m39.6 m37.7 m36.4 m37.9 m38.4 m38.4 m39.1 m40.4 m

General and administrative expense

7 m9.9 m6.6 m9.5 m9.5 m11 m8.9 m13.8 m9.2 m

Operating expense total

45.5 m49.5 m44.3 m45.9 m47.4 m49.4 m47.4 m52.9 m49.6 m

EBIT

2.6 m3.5 m(1.4 m)(563 k)5.4 m306 k2.5 m35.9 m2.1 m

EBIT margin, %

2%2%(1%)(0%)4%0%2%26%1%

Interest expense

(207 k)(208 k)(474 k)(121 k)(109 k)(111 k)(389 k)(524 k)(517 k)

Interest income

89 k90 k364 k104 k116 k139 k129 k159 k147 k

Pre tax profit

2.7 m3.1 m(2.8 m)(1.2 m)5.9 m33.5 m3 m

Income tax expense

198 k252 k(218 k)(88 k)363 k43 k1.1 m13.4 m1.4 m

Net Income

2.5 m5.4 m2.8 m(1.1 m)4.5 m5.7 m1.6 m20.1 m23.3 m
USDFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

20 m4.1 m6.1 m3.5 m5.5 m12 m15.2 m21.1 m

Inventories

60.9 m71 m50.5 m46.4 m

Current Assets

139.7 m157.5 m135.7 m153.4 m

PP&E

92.2 m95.6 m90.2 m118.4 m

Goodwill

6.7 m6.5 m

Total Assets

244.1 m266.2 m240.9 m369 m

Accounts Payable

27.7 m44.3 m27 m23.9 m

Current Liabilities

76.6 m76.9 m64.9 m56.8 m

Additional Paid-in Capital

34.7 m35.9 m38.1 m39.1 m

Retained Earnings

94.1 m106.2 m106.9 m196.8 m

Total Equity

81.8 m90 m182.6 m

Financial Leverage

3 x2.7 x2 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

4.8 m4.7 m9.4 m22.8 m13 m13.3 m16.5 m8.4 m5.7 m

Inventories

71.9 m70.7 m57.4 m56.7 m53 m54.6 m51.1 m56.6 m60.7 m

Current Assets

152.2 m151.2 m146.5 m151.1 m141 m154.3 m155.8 m146.2 m148.5 m

PP&E

94 m92.1 m90.4 m90.3 m98.7 m100.9 m140.7 m165.1 m172 m

Goodwill

6.4 m2.1 m9.9 m

Total Assets

258.8 m255.4 m250.1 m256.4 m254.4 m270.3 m390 m402.7 m422.9 m

Accounts Payable

40.1 m37.2 m29 m38.9 m26.2 m27.2 m34.8 m53.4 m45.2 m

Current Liabilities

68.1 m72 m77.2 m77 m58.7 m60.6 m103.6 m98.5 m116.1 m

Additional Paid-in Capital

37.7 m34.5 m36.5 m39.7 m37 m38.2 m40.1 m39.4 m40.7 m

Retained Earnings

108.7 m111.6 m109.1 m105.8 m111.4 m112.5 m198.4 m218.5 m220.1 m

Total Equity

90.8 m102.8 m106.6 m186 m205.6 m208.1 m

Financial Leverage

2.8 x2.5 x2.5 x2.1 x2 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3 m12.1 m652 k89.9 m

Depreciation and Amortization

8.3 m27.3 m24.2 m20.8 m

Inventories

(3.9 m)(14 m)20.5 m3.6 m

Accounts Payable

2.3 m17.5 m(16.8 m)(3.3 m)

Cash From Operating Activities

3.7 m52.9 m26.9 m27.6 m

Purchases of PP&E

(3.6 m)(25.3 m)(19.2 m)(31.1 m)

Cash From Investing Activities

214 k(20.7 m)(20.1 m)(39.5 m)

Cash From Financing Activities

(5.2 m)(22.8 m)(3.6 m)17.8 m

Interest Paid

1.3 m769 k425 k

Income Taxes Paid

361 k858 k324 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

2.5 m5.4 m2.8 m(1.1 m)4.5 m5.7 m1.6 m20.1 m23.3 m

Depreciation and Amortization

6.3 m12.4 m18.6 m5.3 m10.5 m15.7 m5 m10.1 m16.6 m

Inventories

(897 k)346 k13.7 m(6.4 m)(2.8 m)(4.5 m)(4.7 m)(10.1 m)(13.2 m)

Accounts Payable

(3.9 m)(6.7 m)(15.2 m)11.5 m(1 m)(997 k)7.3 m18.4 m11.3 m

Cash From Operating Activities

(3.8 m)2.4 m4.5 m11.4 m4 m9.4 m3.8 m11.3 m10.5 m

Purchases of PP&E

(4.9 m)(9.4 m)(13.6 m)(3.8 m)(11.4 m)(16.2 m)(10.2 m)(26.9 m)(35.5 m)

Cash From Investing Activities

(4.8 m)(9.3 m)(14.5 m)(3.2 m)(11.3 m)(23.7 m)(22.5 m)(56.5 m)(84 m)

Cash From Financing Activities

1.4 m(411 k)7.5 m(560 k)5.2 m12.5 m14.1 m32.5 m58.1 m
USDY, 2017

Revenue/Employee

84.6 k

Financial Leverage

2 x

Farmer Brothers Market Value History

Traffic Overview of Farmer Brothers

Farmer Brothers Online and Social Media Presence

Farmer Brothers Company Life and Culture

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