Jarden Corp.’s Outdoor Solutions segment reported sales of $670.1 million in the first quarter, down 1.1 percent from the first quarter ended March 31, 2011.

The segment, which owns the Berkley, Coleman  K2, Marker and Marmot outdoor brands and the Penn and Rawlings team spot brands, generated earnings of $71.6 million, up 10.7 percent from the year earlier quarter. Operating earnings after depreciation and amortization but before taxes reached $57.8 million, up 15.6 percent from a year earlier.

 “We had a strong start to the year in the first quarter, reporting our 10th consecutive quarter of organic sales growth and delivering an 18% increase in adjusted earnings per share,” said Martin E. Franklin, executive chairman for Jarden Corp., which also operates a total of four business segments.  “We had organic sales growth across all of our business segments which was led by our Branded Consumables segment with over 6% organic growth for the quarter.”

James E. Lillie, Chief Executive Officer commented, “The organic sales and point-of-sale performance our businesses achieved during the first quarter, despite the warm winter weather, reinforces the benefit of Jarden's diversified portfolio of brands and products.  We believe our businesses are well positioned to build on this positive momentum for the remainder of 2012 and we remain confident in our ability to meet our financial and strategic goals for the year.”

Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia, Aero, Berkley, Campingaz and Coleman, ExOfficio, Fenwick, Gulp!, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene, Volkl and Zoot; Consumer Solutions: Bionaire, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Patton, Rival, Seal-a-Meal, Sunbeam, VillaWare and White Mountain; and Branded Consumables: Ball, Bee, Bernardin, Bicycle, Billy Boy, Crawford, Diamond, Dicon, Fiona, First Alert, First Essentials, Hoyle, Kerr, Lehigh, Lillo, Loew Cornell, Mapa, NUK, Pine Mountain, Quickie, Spontex and Tigex. Headquartered in Rye, N.Y., Jarden ranks #379 on the Fortune 500 and has over 23,000 employees worldwide.

JARDEN CORPORATION, OUTDOOR SOLUTIONS SEGMENT
NET SALES AND OPERATING EARNINGS  (Unaudited)
(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended March 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

670.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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