Jarden Corporation, at an analyst meeting in New York City, reaffirmed its objective to achieve diluted earnings per share of $5.00 within five years. At the Analyst and Investor Day hosted by the parent of Coleman and K2 Sports, senior management provided an overview of the company’s growth strategy.
Martin E. Franklin, Jarden’s Chairman and Chief Executive Officer commented, “Today’s presentations highlighted examples of our key organic growth drivers, a selection of our new products, our continuous improvement and margin expansion initiatives, our financial discipline, and our continued commitment to investing in our brands, products and people. We believe that our diversified business model will enable us to continue to meet our financial objectives and produce consistent results for our shareholders.”
“Jarden is a growing global consumer products company with a diversified portfolio of leading brands many of which are synonymous with the niche categories in which they serve,” continued Mr. Franklin. “We believe our continued investment in our competitive differentiators, including new product development supported by relevant go-to-market strategies, the scale of our global operating platform, and our commitment to operating excellence makes us an attractive business partner of retailers world-wide.”
Franklin concluded, “Core to our success is Jarden’s DNA; our unique operating philosophy that continues to drive improved performance, including innovation, quality, and operating efficiency. These attributes have enabled Jarden to emerge from the challenging macro-environment with a solid balance sheet, an improved competitive position, and an enhanced platform poised to deliver growth, margin improvement and strong cash flows.”
