Jarden Corp reported preliminary results for the second quarter with organic growth expected to exceed the company's targeted range of 3 to 5 percent. Adjusted earnings per share are expected to be in line with Wall Street consensus estimates.
Net sales are expected to arrive at approximately $2.0 billion for the second quarter of 2015. Results will be reported on July 29.
The company provided the guidance while announcing plans to sell 14 million shares a secondary stock offering. Proceeds will be used to fund a portion of the purchase price and related fees and expenses for its pending acquisition of Waddington Group Inc., a make of disposable for approximately $1.35 billion. The planned acquisition was announced on July 13.
