Jarden Corp. chairman and CEO Martin Franklin said it expected to achieve earnings per share of $3 in 2008 and affirmed its goal of $5 in EPS in 2010 in a presentation to investors.
The company said it would reach the $3 goal by 2010 in a 3-to-5-year plan unveiled in 2005.
At the presentation, Franklin laid out Jardens strategy to grow top-line sales and enhance gross margin by developing innovative products, extending brands to leverage existing brand equities, diversifying geographically and expanding distribution channels.
Jardens Outdoor Solutions unit reports sales of $1.70 billion in 2007, or roughly 43% of the companys sales. The units brand portfolio includes Abu Garcia, Berkley, Campingaz and Coleman, Fenwick, Gulp, JT, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene and Volkl.