Cott Corp. sees FY19 cash flow from ops $265M-$270M
Cott says: "Our traditional manufacturing business will be accounted for as an asset held for sale beginning in the third quarter and all of its results from operations will be presented as discontinued operations and excluded from our continuing operating income and continuing operating cash flow. Until the sale of the traditional manufacturing business closes and we use the proceeds to repay certain outstanding indebtedness, interest expense associated with debt to be redeemed may be incorporated into our continuing operating results. This accounting methodology will impact our 2017 and possibly 2018 reported results. Assuming that the sale of our traditional manufacturing business closes as expected, we are targeting full year 2019 cash flow provided by operations of approximately $265 to $270 million and capital expenditures of $115 to $120 million, resulting in adjusted free cash flow of approximately $150 million."