Jarden Corp. reported its financial results for the three and nine months ended Sept. 30, 2009.
Net sales decreased to US$1.4 billion compared to $1.5 billion for the same period in the previous year. For 3Q 2009, the company recorded net income of $73.7 million, compared to net income of $63.8 million for 3Q 2008.
Martin E. Franklin, chairman and CEO said, "Revenues remained in line with our expectations, the decline principally reflecting the tough macro economic conditions and foreign currency movements. Due to solid execution across our operating segments, we anticipate completing the full year 2009 ahead of the goals we set at the beginning of the year to generate revenue of approximately $5 billion."
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