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BRIEF-Cott Reports Second Quarter 2018 Results

Published 2018-08-02, 07:05 a/m
© Reuters. BRIEF-Cott Reports Second Quarter 2018 Results
PRMW
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Aug 2 (Reuters) - Cott Corp BCB.TO :

* COTT REPORTS SECOND QUARTER 2018 RESULTS, DECLARES DIVIDEND AND ANNOUNCES SENIOR LEADERSHIP CHANGES

* Q2 EARNINGS PER SHARE $0.09

* SEES FY 2018 REVENUE MORE THAN $2.35 BILLION

* Q2 REVENUE $604 MILLION VERSUS I/B/E/S VIEW $599.7 MILLION

* Q2 EARNINGS PER SHARE VIEW $0.10 -- THOMSON REUTERS I/B/E/S

* REITERATED TARGETED FULL YEAR 2018 CONSOLIDATED REVENUE

* DAVID GIBBONS WILL RETIRE FROM HIS POSITION AS DIRECTOR AND CHAIRMAN OF COMPANY'S BOARD OF DIRECTORS

* EFFECTIVE BEGINNING OF FISCAL 2019, JERRY FOWDEN WILL TRANSITION FROM HIS ROLE AS CEO TO NEWLY CREATED POSITION OF EXECUTIVE CHAIRMAN

* THOMAS J. HARRINGTON WILL BE PROMOTED TO SERVE AS COMPANY'S CHIEF EXECUTIVE OFFICER

* COTT - HARRINGTON WILL ALSO BE APPOINTED TO SERVE ON BOARD, EFFECTIVE AS OF BEGINNING OF FISCAL 2019

* ERIC ROSENFELD WILL CONTINUE TO SERVE AS LEAD INDEPENDENT DIRECTOR OF BOARD

* REITERATED FULL YEAR 2018 CASH FLOW BY OPERATIONS TARGET

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