By Sherwood Corporate Services (SPS)CEO Mark Sherwood says the company’s financials are on track to meet or exceed the expectations of investors.
The stock is up 20% this year.SPS has been struggling since the company announced in December it was cutting jobs and restructuring operations in the U.S. and Canada.
SPS is facing a series of layoffs and a bankruptcy reorganization plan.
The company has been unable to turn a profit since March.
SPS says it expects to post a net loss for the year of $2.7 billion.
The company says it will be able to post $3 billion in annual net income through 2027.