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Cott updates guidance, approves buyback

May 03, 2018 6:49 AM ETPrimo Water Corporation (PRMW) Stock, PRMW:CA StockBy: Clark Schultz, SA News Editor
  • Cott Corporation (COT) announces that it increased its 2018 revenue target to over $2.35B to reflect the Crystal Rock and PolyCycle transactions.
  • The company also boosted its full year cash flow target to ~$235M to also reflect the Crystal Rock and PolyCycle transactions. Capital expenditures of $115M to $120M and adjusted free cash flow of $115M to $120M are also anticipated.
  • The Cott board approved a $50M share buyback plan.
  • Source: Press Release
  • Previously: Cott beats by $0.05, misses on revenue (May 3)

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