Cott Reports Fourth Quarter, Fiscal 2014 Results

TORONTO, ON and TAMPA, FL--(Marketwired - Feb 24, 2015) - Cott Corporation (NYSE: COT) (TSX: BCB) today announced its results for the fourth quarter and fiscal year ended January 3, 2015.

Fourth Quarter 2014 Highlights 

• Revenue of $544 million was higher by 13% compared to $482 million.
• Gross profit was $72 million compared to $60 million which resulted in gross profit as a percentage of revenue of 13.2% compared to 12.5%.
• Adjusted free cash flow was $80 million. Reported free cash flow was $4 million. 
• Adjusted net income and adjusted earnings per diluted share were $34 million and $0.37, respectively, compared to adjusted net income of $4 million and adjusted earnings per diluted share of $0.04. Reported net income and earnings per diluted share were $19 million and $0.19, respectively.

Fiscal Year 2014 Highlights 

• Revenue of $2,103 million was slightly higher compared to $2,094 million.
• Gross profit was $277 million compared to $275 million which resulted in gross profit as a percentage of revenue of 13.2% for both years.
• Adjusted free cash flow was $107 million. Reported free cash flow was $10 million. 
• Adjusted net income and adjusted earnings per diluted share were $57 million and $0.60, respectively, compared to adjusted net income of $38 million and adjusted earnings per diluted share of $0.40. Reported net income and earnings per diluted share were $10 million and $0.10, respectively. View full report here.