FARMER BROTHERS CO (FARM) [Rocket]

In millions, except per share items	Mar-31-23	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	8-K	10-Q	10-Q	8-K	10-K	10-Q
Revenues							397.9	376.1
Revenue growth							-20.6%	-33.1%
Cost of goods sold							296.9	288.0
Gross profit							100.9	88.1
Gross margin							25.4%	23.4%
Selling, general and administrative [+]							138.4	134.4
Sales and marketing							95.5	92.3
General and administrative							42.9	42.1
Other operating expenses							0.7
EBITDA [+]							-10.5	1.8
EBITDA growth							-136.5%	-89.8%
EBITDA margin							-2.7%	0.5%
Depreciation							25.2	26.8
EBITA							-35.8	-25.0
EBITA margin							-9.0%	-6.6%
Amortization of intangibles							2.4	1.8
EBIT [+]							-38.2	-26.8
EBIT growth							3827.1%	106.4%
EBIT margin							-9.6%	-7.1%
Non-recurring items [+]							0.0	18.8
Loss (gain) on sale of assets							0.0	23.3
Interest expense							16.0	11.8
Interest expense							16.0	11.8
Other income (expense), net [+]							26.1	24.8
Gain (loss) on sale of assets							-0.6
Other							19.7	24.8
Pre-tax income							-28.1	-32.6
Income taxes							13.6	14.8
Tax rate							-48.5%	-45.5%
Net income							-42.2	-48.0
Net margin							-10.6%	-12.8%

Basic EPS [+]							($2.40)	($2.74)
Growth							9.5%	28.1%
Diluted EPS [+]							($2.40)	($2.74)
Growth							10.9%	29.7%


Shares outstanding (basic) [+]							17.6	17.5
Growth							2.4%	2.1%
Shares outstanding (diluted) [+]							17.6	17.5
Growth							1.2%	0.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.