TORRANCE, Calif., May 8, 2014 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (Nasdaq:FARM) today reported financial results for the three and nine months ended March 31, 2014. Third Quarter Fiscal 2014 Highlights:
- Net sales decreased 1.4% to $124.6 million in the third quarter;
- Gross margin improved to 38.4% in the third quarter compared to 37.7% in the third quarter of fiscal 2013; and
- Net income was $2.5 million, or $0.16 per diluted common share, compared to net loss of $1.3 million, or $0.08 per diluted common share.