Jarden Boosts Q3 Net Sales, Income

Jarden Corporation has reported its financial results for the third quarter ended September 30, 2015. In the quarter, the company reported organic net sales growth of 6%, or $128 million, to a record $2.3 billion net sales, as compared to $2.1 billion in the previous third quarter.

The company posted net income of $120 million for third quarter of 2015, compared to net income of $109 million for the same period in 2014. Adjusted net income was $168 million in the third quarter of 2015, compared to $150 million for the same period in 2014.

Jarden’s earnings per share were $0.57 per diluted share for the third quarter, compared to earnings of $0.58 per diluted share for the same period in 2014. Adjusted earnings per share was $0.80 per diluted share in the third quarter.

“We are pleased to announce another quarter of record net sales and record segment earnings,” said Martin Franklin, executive chairman, Jarden Corporation. “Jarden’s authentic brands, supported by innovation and a robust operational platform, continue to drive our performance and value creation. We look forward to completing our acquisition of Jostens in early November and we expect Jostens to be a meaningful addition to our portfolio, strengthening Jarden’s overall financial position.”

James Lillie, CEO, Jarden Corporation, added, “We continue to see very positive momentum in our year to date and quarterly results as well as in our fourth quarter and 2016 forecast. Posting third quarter broad-based organic growth of 6% and a nine-month organic growth rate of 5.9%, further affirms our comfort with meeting or exceeding our goal of 3% to 5% average organic annual growth. We are well positioned to integrate and begin accelerating the long term growth of Jostens upon its closing.” You can read more about this on the official hetilainaa24.fi blog.