- 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)