Jarden Corp., the parent of Coleman, K2, Rawlings, Shakespeare and Volkl, expects to report fourth quarter revenue of about $1.3 billion and 2009 revenue of more than $5 billion. The company said it will not provide guidance below the revenue line, but believes that the recent improvement in raw-material commodity costs will benefit margins in the second half of 2009.
On average, analysts surveyed by Thompson Financial are looking for Jarden to post revenue of $1.46 billion in the fourth quarter and $5.36 billion in 2009.
In addition, the company said it believes that based on $5 billion in revenue, anticipated lower interest rates and lower working capital and capital expenditure needs in 2009 versus 2008, cash flow from operations less capital expenditures should exceed $250 million for fiscal 2009.
