Jarden Corporation, known for its FoodSaver(R), Health o meter(R), Mr. Coffee(R), Oster(R), Sunbeam(R) and VillaWare(R) brands, reported results for the year ended Dec. 31, 2004 and the fourth quarter of 2004, which included record sales and operating earnings for the year.
For the year ended Dec. 31, 2004, net sales increased 42.7 percent to U.S. $838.6 million, compared with $587.7 million in 2003. Net income for 2004 was $42.4 million, or $1.49 per diluted share and net income for 2003 was $31.8 million, or $1.35 per diluted share.
For the fourth quarter of 2004, net sales increased 23.6 percent to $236.7 million compared to $191.5 million for the same quarter last year. Net loss was $3.4 million or $0.12 per diluted share for the fourth quarter of 2004. This compares to net income of $2.3 million or $0.09 per diluted share in the fourth quarter of 2003.
"With the closing of the American Household transaction in January 2005, we are excited by the tremendous opportunities the addition of such brands as Coleman(R), First Alert(R), Mr. Coffee(R), Oster(R) and Sunbeam(R) will bring to Jarden," Martin E. Franklin, chairman and CEO, said. "We are focused on executing our strategic plan and are optimistic about our prospects for 2005 and beyond."
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