Jarden Expects Fiscal Year 2015 Sales To Grow 3-5%

Jarden Corporation on Thursday said in a preliminary report that company-wide sales for fiscal 2015 will grow 3% to 5% and adjusted earnings per share will exceed current Wall Street consensus estimates.

Total sales for the 12-month period are expected to be $8.6 billion. In addition, the company anticipates generating cash flow from operations towards the higher end of its previously provided guidance for 2015.

In December, Jarden and Newell Rubbermaid announced that they entered into a definitive agreement to combine the two companies. The transaction creates a $16 billion consumer goods company to be named Newell Brands and is expected to close in the second quarter of 2016.