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Jarden's First Billion-Dollar Quarter
Dec 26, 2006
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Small appliance maker Jarden Corporation (Rye, New York, U.S.) reported a 10-percent increase in sales in its third quarter, ending Sept. 30, 2006. Sales reached U.S. $1.0 billion in the quarter, compared to $938 million for the same period in 2005. Net income was $51.3 million, or $0.78 per diluted share, for the quarter, compared to $24.0 million, or $0.40 per diluted share, in the third quarter of 2005.

For the 9 months ended Sept. 30, 2006, net sales increased 26 percent to $2.8 billion compared to $2.2 billion for the same period in the 2005. Net income was $70.3 million, or $1.07 per diluted share for the 9 months ended September 30, 2006, compared to $9.6 million or $0.19 per diluted share for the nine months ended September 30, 2005.

Jarden sells small appliances under brand names such as First Alert(R), Bionaire(R), Crock-Pot(R), FoodSaver(R), Health o meter(R), Holmes(R), Mr. Coffee(R), Oster(R), Patton(R), Rival(R), Seal-a-Meal(R), Sunbeam(R), VillaWare(R), and White Mountain(TM).

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