Jarden Corp. reported its Outdoor Solutions segment generated net sales of $614.5 million in the fourth quarter ended Dec. 31, 2011, up 1.7 percent from the year earlier quarter.

Segment earnings reached $56.4 million, up 18.0 percent from $47.8 million. After taking a one-time restructuring charge of $9.7 million, operating earnings came in at $39.1 million, up 74.6 percent from $22.4 million a year earlier.
For the full year, Outdoor Solutions reported net sales of $2.77 billion, up 10.1 percent from 2.52 billion in 2010. Operating earnings for the year came in at $276.4 million, up 20.9 percent from $228.6 million in 2010.
Jarden Outdoor Solutions brands include 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. 
 

JARDEN CORPORATION

NET SALES AND OPERATING EARNINGS BY SEGMENT (Unaudited)

(in millions)


Outdoor
Solutions

Consumer
Solutions

Branded
Consumables

Process
Solutions

Intercompany

Eliminations (a)

Total
Operating
Segments

Corporate/
Unallocated

Consolidated

























Quarter ended December 31, 2011























Net sales

$

614.5

$

621.9

$

436.5

$

77.5

$

(12.4)

$

1,738.0

$

—

$

1,738.0

























Segment earnings (loss)

$

56.4

$

102.4

$

54.4

$

10.6

$

—

$

223.8

$

(12.6)

$

211.2

Adjustments to reconcile to reported operating earnings(loss):























Acquisition-related and other costs, net

8.5

(4.8)

(9.5)

(2.0)

—

(7.8)

(7.2)

(15.0)

Reorganization costs

(9.7)

(2.1)

(4.0)

(1.4)

—

(17.2)

—

(17.2)

Impairment of goodwill, intangibles and other assets

—

—

(52.5)

—

—

(52.5)

—

(52.5)

Depreciation and amortization

(16.1)

(8.3)

(13.7)

(3.3)

—

(41.4)

(0.6)

(42.0)

Operating earnings (loss)

$

39.1

$

87.2

$

(25.3)

$

3.9

$

—

$

104.9

$

(20.4)

$

84.5