Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Jarden Corporation Reports Record Q3 Sales and Earnings
Nov 1, 2004
 Printable format
 Email this Article
 Search

Jarden Corporation, a provider of niche consumer products, reported its financial results for the three and 9 months ended Sept. 30, 2004.

For the third quarter of 2004, net sales increased 46 percent to U.S. $244.6 million, compared to $168.0 million for the same quarter last year. Third-quarter net income increased 46 percent to $22.3 million, or $0.79 per diluted share, compared to net income of $15.2 million, or $0.69 per diluted share, for the same quarter last year. Current year amounts include the results of operations from the Lehigh and the United States Playing Cards businesses, which were acquired in September 2003 and June 2004, respectively.

For the 9 months ended September 30, 2004, net sales increased 52 percent to $601.9 million, compared with $396.2 million for the same period in 2003. For the 9 months ended September 30, 2004, net income increased 56 percent to $45.8 million, or $1.62 per diluted share, compared to net income of $29.4 million, or $1.33 per diluted share. Current year amounts include the results of operations from the Lehigh and the United States Playing Cards businesses, which were acquired in September 2003 and June 2004, respectively.

"We are delighted to report another record quarter of sales, operating profits and earnings per share," said Martin E. Franklin, chairman and CEO. "Our branded consumables business continued to report strong top line organic growth, driven by our new product launches, while the other business segments reported a solid quarterly performance. Margins were impacted by rising raw material costs, but overall the businesses worked hard to minimize the impact of these increases on the bottom line. Cash flow in the quarter was strong and we anticipate seeing continuing strong cash flow from operations during the fourth quarter."

Mr. Franklin added that The American Household transaction remains on course to close in the first quarter of 2005. "We are expending considerable time and energy on planning for the successful integration of the Coleman and Sunbeam businesses into Jarden," he said. "There is real excitement in both companies about the opportunities the transaction should bring to them in 2005 and beyond."

In September 2004, Jarden signed a definitive agreement to acquire American Household, Inc.; this transaction is expected to close in early 2005. Through its subsidiaries, The Coleman Company, Inc. and Sunbeam Products, Inc., American Household produces products under brand names such as Coleman(R), First Alert(R), Health o meter(R), Mr. Coffee(R), Oster(R), and Sunbeam(R).

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows