Jarden Corporation is predicting that sales for the fiscal year will be approximately $3.85 billion compared to $3.2 billion last year and $839 million the year before. The companys Outdoor Solutions Segment which consists primarily of Coleman is expecting just over $900 million in sales for the year with $84 million in operating profit. Consolidated segment earnings are expected to be $440 million to $442 million, compared to net earnings of $60.7 million last year and $42.4 million the year before.
Martin E. Franklin, chairman and CEO said that their strong fourth quarter results have given the company access to the bond market on an “opportunistic basis.” Jarden also announced today that, as part of a refinancing plan, it intends to commence a registered public offering for $400 million of senior subordinated unsecured notes on February 5, 2007.