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Jarden Reports Q1 Profit
May 9, 2008
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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.

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