Jarden Corporation reported its financial results for the three and six months ended June 30, 2005. All per share and share amounts reflect the impact of the three-for-two stock split distributed on July 11, 2005 to shareholders of record as of June 20, 2005.

Second quarter net sales increased 279% to $754 million compared to $199 million for the same period last year. Net income for the second quarter of 2005 increased by 104% to $32.8 million from $16.0 million for the same period last year. Income allocable to common stockholders for the second quarter of 2005 was $5.7 million or 12 cents per diluted share, compared to 38 cents per diluted share in the prior year period. On a non-GAAP basis, adjusted net income was $36.5 million or 58 cents per diluted share for the three months ended June 30, 2005. Please see the schedule accompanying this release for the reconciliation of GAAP to non-GAAP net income and diluted earnings per common share. Current year amounts include the results of operations from the American Household and the United States Playing Cards businesses, which were acquired in January 2005 and June 2004, respectively.

Martin E. Franklin, chairman and chief executive officer, commented, “The second quarter was a pivotal quarter for Jarden as it showed for the first time the results of our integration efforts following the American Household transaction, highlighted by expanding gross margins, positive cash flow and balance sheet improvements. A tremendous amount of work went into making this the strongest quarter ever reported by the company and our operating management teams did a remarkable job of staying focused to deliver organic sales growth, as well as a strong bottom line.”

For the six months ended June 30, 2005, net sales increased 257% to $1,276 million compared to $357 million for the same period last year. Net income for the six months ended June 30, 2005 increased 39.4% to $32.8 million from $23.6 million for the same period last year. Loss attributable to common stockholders was $14.4 million or 33 cents per share for the six months ended June 30, 2005, compared to income of 56 cents per diluted share in the prior year period. On a non-GAAP basis, adjusted net income was $52.2 million or 83 cents per share for the six months ended June 30, 2005.

Mr. Franklin added, “Our strong performance in the first half of the year has positioned Jarden for a successful second half, where we will continue to focus on introducing new products, expanding our margins and generating record levels of cash flow from operations. In addition to the momentum we built during the second quarter, we will have the benefit of the Holmes Group acquisition from July 18, 2005, including not only its earnings and cash flow, but also the synergistic opportunities it brings to our Consumer Solutions segment this year and beyond.”

  Jarden Corporation
     Consolidated Statements of Operations (Unaudited)
     (in thousands, except per share data)

                                          Three Months Ended June 30,
                                              2005                    2004
                                     As                   As           As
                                  reported              Adjusted    Reported
                                   (GAAP)  Adjustments  non-GAAP     (GAAP)

                                     (5)     (1)(4)    (1)(4)(5)    (2)(3)(5)

    Net sales                    $ 754,329 $       -  $  754,329 $   199,035

    Costs and expenses:
     Cost of sales                 557,831         -     557,831     131,236
     Gross profit                  196,498         -     196,498      67,799
     Selling, general and
      administrative expenses      118,630         -     118,630      35,757
     Reorganization and
      acquisition-related
      integration costs              5,878    (5,878)          -           -
    Operating earnings              71,990    (5,878)     77,868      32,042
    Interest expense, net           19,075         -      19,075       6,075
    Loss on early extinguishment
     of debt                             -         -           -           -
    Income before taxes             52,915     5,878      58,793      25,967
    Income tax provision            20,108     2,234      22,342       9,920
    Net income                      32,807 $   3,644  $   36,451      16,047
    Paid in-kind dividends on
     Series B & C preferred stock   (2,825)                                -
    Charge from beneficial
     conversion on Series C
     preferred stock               (22,411)                                -
    Income available to common
     stockholders                    7,571                       $    16,047
    Less: income allocable to
     preferred stockholders         (1,869)
    Income allocable to common
     stockholders                $   5,702

    Basic earnings per share     $    0.13                       $      0.39
    Diluted earnings per share   $    0.12                       $      0.38

     Jarden Corporation
     Net Sales and Operating Earnings by Segment (Unaudited)
     (in thousands)

                                 Three Months Ended        Six Months Ended
                                June 30,    June 30,     June 30,     June 30,
                                  2005        2004         2005         2004
    Net sales:
     Branded consumables (a) $  165,456 $   122,719  $    277,165  $  197,617
     Consumer solutions (b)     243,612      36,180       434,452      81,354
     Outdoor solutions (c)      298,627           -       481,542           -
     Other                       63,389      54,442       115,092     106,898
     Intercompany
      eliminations (e)          (16,755)    (14,306)      (32,576)    (28,510)
       Total net sales       $  754,329 $   199,035  $  1,275,675  $  357,359

    Operating earnings:
     Branded
      consumables (a)(d)     $   26,715 $    22,495  $     37,404  $   28,787
     Consumer
      solutions (b)(d)            4,275       3,507         7,137       9,904
     Outdoor solutions (c)(d)    40,099           -        47,436           -
     Other                        6,697       5,721         9,891      11,391
     Intercompany
      eliminations (e)               82         319            (6)       (265)
     Reorganization and
      acquisition-related
      integration costs          (5,878)          -        (8,806)          -
       Total operating
        earnings             $   71,990 $    32,042  $     93,056  $   49,817