Jarden Corporation third quarter sales increased 28% to $1.3 billion
from $1.0 billion the prior year. Net income was $21.2 million, or 28
cents per diluted share, compared to $51.3 million, or 78 cents per
diluted share, for Q3 of 2006, a 58.7% decline.

On a non-GAAP
basis, as adjusted net income was $70.3 million, or 94 cents per
diluted share, for the three months ended September 30, 2007, compared
to $58.9 million, or 90 cents, a year ago.

For the nine months, net sales increased 15% to $3.2 billion
compared to $2.8 billion for the same period last year. Net income was
$39.3 million, or 54 cents, compared to $70.3 million, or $1.07. On a
non-GAAP basis, as adjusted net income was $142.9 million, or $1.97,
versus  $114.5 million, or $1.74.

Martin E. Franklin,
chairman and CEO commented, “Our diversified portfolio of market
leading brands drove record sales of $1.3 billion and enabled Jarden to
report a strong bottom line performance during the third quarter,
despite the anticipated pressure on the top line resulting from the
tougher retail environment. Our as adjusted fully diluted EPS of 94
cents was a record for the third quarter; including the FAS 123R charge
we would have reported an 80 cents adjusted fully diluted EPS.
Specialty and International continued to drive our gross margins and
the addition of the K2 businesses during the quarter were an immediate
benefit, with a stronger than anticipated start to the ski sell-in
season.

“With positive cash flow during the quarter, we are on
track to achieve our target of approximately $300 million of cash flow
from operations in 2007. We are maintaining a disciplined approach to
margins in what we believe will continue to be an inflationary cost
environment, coupled with a tight retail market. We believe that our
focus on being the low cost supplier and number one brand in most of
the markets we serve should further differentiate us from our
competitors and allow us to continue delivering long-term value for our
shareholders.”


    JARDEN CORPORATION


    CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)


    (in millions, except earnings per share)



                                     Three month period ended


                           September 30, 2007        September 30, 2006


                                          As                          As


                                        Adjusted                   Adjusted


                         As      Adjust (non-       As      Adjust  (non-


                      Reported   ments   GAAP)   Reported   ments    GAAP)


                       (GAAP)    (1)    (1)(2)    (GAAP)     (1)    (1)(2)



    Net sales         $1,322.2     $--  $1,322.2  $1,033.1    $--  $1,033.1



    Cost of sales        994.4   (45.3)    949.1     767.9   (3.9)    764.0


    Gross profit         327.8    45.3     373.1     265.2    3.9     269.1


    Selling, general


     and administrative


     expenses            239.2   (19.1)    220.1     156.0   (9.3)    146.7


    Reorganization and


     acquisition-related


     integration costs,


     net                  11.0   (11.0)       --       7.5   (7.5)       --


    Operating earnings    77.6    75.4     153.0     101.7   20.7     122.4


    Interest expense,


     net                  43.0      --      43.0      29.6     --      29.6


    Loss on early


     extinguishment


     of debt                --      --        --        --     --        --


    Income before taxes   34.6    75.4     110.0      72.1   20.7      92.8


    Income tax provision  13.4    26.3      39.7      20.8   13.1      33.9


    Net income           $21.2   $49.1     $70.3     $51.3   $7.6     $58.9



    Earnings per share:


      Basic              $0.29             $0.96     $0.79            $0.91


      Diluted            $0.28             $0.94     $0.78            $0.90


    Weighted average


     shares outstanding:


      Basic               73.3              73.3      64.6             64.6


      Diluted             74.9              74.9      65.6             65.6