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Daily News

Jarden Reports Q3 Results
Oct 28, 2005
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Jarden Corporation, whose brands include Mr. Coffee(R), Oster(R), Sunbeam(R), and Coleman(R), reported its financial results for the three and nine months ended Sept. 30, 2005.

Third quarter net sales increased 284 percent to U.S. $938 million compared to $245 million for the same period last year. Net income for the third quarter of 2005 increased by 14.1 percent to $25.4 million from $22.3 million for the same period last year. Income available to common stockholders for the third quarter of 2005 was $24.0 million or $0.40 per diluted share, compared to $0.53 per diluted share in the prior year period. On a non-GAAP basis, adjusted net income was $50.7 million or $0.74 per diluted share for the 3 months ended Sept. 30, 2005, a 39.6 percent increase over the same period last year.

For the 9 months ended Sept. 30, 2005, net sales increased 268 percent to $2,214 million compared to $602 million for the same period last year. Net income for the 9 months ended Sept. 30, 2005 increased 27.1 percent to $58.2 million from $45.8 million for the same period last year. Income available to common stockholders was $9.6 million or $0.19 per diluted share for the 9 months ended Sept. 30, 2005, compared to income of $1.08 per diluted share in the prior year period. On a non-GAAP basis, adjusted net income was $104.7 million or $1.60 per diluted share for the 9 months ended Sept. 30, 2005, a 48.1 percent increase over the same period last year.

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