Last C$7.60 CAD
Change Today +0.22 / 2.98%
Volume 74.9K
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As of 1:57 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

cott corporation (BCB) Snapshot

Open
C$7.33
Previous Close
C$7.38
Day High
C$7.60
Day Low
C$7.33
52 Week High
03/28/14 - C$9.45
52 Week Low
10/30/14 - C$6.65
Market Cap
709.8M
Average Volume 10 Days
152.2K
EPS TTM
C$0.05
Shares Outstanding
93.4M
EX-Date
11/27/14
P/E TM
127.6x
Dividend
C$0.24
Dividend Yield
3.32%
Current Stock Chart for COTT CORPORATION (BCB)

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cott corporation (BCB) Details

Cott Corporation, together with its subsidiaries, produces beverages on behalf of retailers, brand owners, and distributors worldwide. It produces various private label beverages, including carbonated soft drinks, juice and juice-based products, flavored waters, energy drinks, sports products, new age beverages, and ready-to-drink teas, as well as alcoholic beverages for brand owners. The company offers its products under various retailer brands, which include Cott and Red Rain brands in the United States, Canada, and the United Kingdom; Stars & Stripes, Vess, Vintage, So Clear, Shanstar, Harvest Classic, Chadwick Bay, Exact, and Golden Crown brands in the United States; Emerge, Red Rooster, MacB, Carters, Calypso, Mr. Freeze, Jubbly, and Ben Shaws brands in the United Kingdom; Stars & Stripes brand in Mexico; and RC brand name in approximately 120 countries and territories outside of North America. It also provides contract manufacturing services. The company’s customers include grocery, mass-merchandise, drugstore, wholesale, and convenience store chains. Cott Corporation was founded in 1955 and is based in Mississauga, Canada.

3,966 Employees
Last Reported Date: 02/24/14
Founded in 1955

cott corporation (BCB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $796.9K
Chief Financial Officer and Vice President
Total Annual Compensation: $413.7K
President of U.S. Business Unit
Total Annual Compensation: $363.6K
Vice President, General Counsel and Secretary
Total Annual Compensation: $330.4K
Chief Procurement Officer
Total Annual Compensation: $262.1K
Compensation as of Fiscal Year 2013.

cott corporation (BCB) Key Developments

Cott Corporation - Special Call

To review the DS Services stand-alone financial model

Cott Corporation, DSS Group, Inc. - M&A Call

To discuss about Cott Corporation acquisition of DSS Group, Inc

Cott Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 27, 2014; Reports Asset Impairments for the Third Quarter of 2014; Provides Earnings Guidance for the Year 2014, 2015 and 2016

Cott Corporation announced unaudited consolidated financial results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported revenue, net of $535.0 million against $543.2 million a year ago. Operating income was $17.9 million against $26.0 million a year ago. Income before income taxes was $3.5 million against $13.4 million a year ago. Net income attributed to company was $0.4 million or nil per basic and diluted share against $12.0 million or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $60.5 million against $87.4 million a year ago. Additions to property, plant & equipment were $10.8 million against $10.2 million a year ago. Additions to intangibles and other assets were $1.5 million against $2.1 million a year ago. Adjusted EBITDA was $45.6 million against $53.5 million a year ago. The decrease in adjusted EBITDA was primarily driven by the increase in SG&A expenses. EBITDA was $39.7 million against $51.8 million a year ago. Adjusted net income attributed to company was $6.4 million or $0.07 per basic and diluted share against $13.5 million or $0.14 per basic and diluted share a year ago. Adjusted free cash flow was $53.5 million compared to $77.2 million a year ago. The revenue decline was due primarily to a continued product mix shift into contract manufacturing (the revenue associated with contract manufacturing does not include a charge for ingredients and packaging as the customer typically provides these commodities and thus bears the risk of commodity cost increases), the competitive pricing environment and a general U.K. market decline in the quarter resulting from a colder summer season when compared to the heat wave that occurred in the prior year. Net debt was $562 million. For the nine months, the company reported revenue, net of $1,561.0 million against $1,612.4 million a year ago. Operating income was $48.1 million against $73.7 million a year ago. Loss before income taxes was $2.0 million against income before income taxes of $34.7 million a year ago. Net loss attributed to company was $9.5 million or $0.10 per basic and diluted share against net income attributed to company of $28.5 million or $0.30 per basic and diluted share a year ago. Net cash provided by operating activities was $37.6 million against $62.9 million a year ago. Additions to property, plant & equipment were $31.4 million against $44.7 million a year ago. Additions to intangibles and other assets were $4.3 million against $4.0 million a year ago. Adjusted EBITDA was $135.2 million against $154.3 million a year ago. EBITDA was $103.7 million against $148.8 million a year ago. Adjusted net income attributed to company was $20.4 million or $0.21 per diluted share against $33.5 million or $0.35 per basic and diluted share a year ago. Adjusted free cash flow was $27.0 million against $18.2 million a year ago. For the third quarter of 2014, the company reported asset impairments of $0.2 million. The company continues to expect full year 2014 interest costs to be approximately $36 million. The company maintain tight capital control with 2014 CapEx in the $50 million to $55 million range. The company estimates unlevered free cash flow to be about $80 million to $90 million, growing to $95 million to $105 million in 2015, and then, growing to $115 million to $120 million per year for 2016. CapEx is generally 6% to 8% of revenue, with estimated CapEx for 2014 being $69 million to $74 million, with higher CapEx in 2014 due to increased investment in the plans. Gross margin is expected to be about 66% to 60% - 67% of net revenue. The company expects 2015's interest expense to be approximately $34 million. CapEx estimated of $65 million to $70 million per year. But the company do see about $5 million of additional CapEx related to integration costs in 2015 that won't repeat in '16. And in 2015, the company has added the additional integration CapEx of $5 million. Total net revenue is expected to grow approximately 5% to 6%. The company expected to decline 1% to be between 65% and 66% of net revenue, partly because there's going to be an additional $3 million of rent expense due to a sale leaseback transaction that was in the process of being executed when approached Crestview. The company expects for 2016 with net revenue margins as a % of net revenue of 65% to 66% with that additional rent expense. For 2016 on just being the $65 million to $70 million per year of CapEx.

 

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