Jarden Reports Q1 Profit May 9, 2008

Printable format  Email this Article  Search

Jarden Corp. said its first-quarter profit more than tripled, helped by the acquisition of two outdoor sporting goods companies. For the quarter ended March 31, net income soared to $4.7 million, or $0.6 per share, from $1.4 million, or $0.2 per share, in the prior-year quarter. Revenue rose 48% to $1.22 billion from $820.9 million in the first quarter of 2007. Most of the rise came from the company’s outdoor division, where sales tripled. The acquisitions also helped offset higher costs, the company said.

Back to Daily News