Jarden Reports 4Q, Full Year 2010 Sales Gains

Jarden Corp. reported net sales increased 21%, for the most recent fourth quarter with organic net sales growth of 7% to $1.7 billion compared to $1.4 billion for the same period in the previous year.  
For the quarter ended December 31, 2010, the company recorded net income of $46.7 million, compared to net income of $1.2 million for the same period in the previous year.
For the year ended December 31, 2010, net sales increased 17% to $6.0 billion compared to $5.2 billion in the previous year. For the year ended December 31, 2010, the Company recorded net income of $107 million compared to net income of $129 million in the previous year.
“Our record fourth quarter results marked a strong finish to what was an outstanding year for Jarden,” said Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation. “We reported exceptional organic growth of seven percent, both for the quarter and the full year, which was well above our goal of 3-5%.”