Jarden Corp., the parent of Coleman, K2 Sports and Rawlings, said it expects to meet or exceed analysts' consensus estimates for earnings per share, according to a filing with the Securities & Exchange Commission. It also expects revenue to be in line with or slightly better than analysts' estimates. The company is reporting its results on July 22.
Jarden issued the same forecast at an Oppenheimer conference last week. The company wanted to make sure that investors who did not hear that presentation had the same information as those who did, said chairman and CEO Martin Franklin told Reuters.
Analysts on average expect Jarden to post a second-quarter profit of 55 cents per share on revenue of $1.25 billion, according to Reuters Estimates. In the year-ago period, Jarden earned $72 cents on sales of $1.36 billion.
In winter sports, Jarden owns 5150Snowboards, Atlas Snow Shoes, Full Tilt, K2 Alpine Touring, K2 Skate, K2 Skis, K2 Snowboards, Karhu, Line, Madshus, Marker, Morrow, Ride, Tubbs Snow Shoes, and Volkl. In fishing, its brands include Abu Garcia, All Star Rods, Berkley, Fenwick, Gulp!, Johnson, JRC Products, Mitchell, Penn, Pflueger, Shakespeare, Spiderwire, Stren, Trilene, Ugly Stick, and XTools. In team sports, it owns Brass Eagle, deBeer, Hilton, JT, Miken, Rawlings, ViewLoader, and Worth. It also operates in several other consumer industries.
