Jarden Reports Record Q4 Gains

Jarden Corporation today reported record net sales gains of 22% for the fourth quarter of 2013 to $2.2 billion, up from $1.8 billion for the comparable year-earlier quarter. For the quarter the company reported organic net sales grew 4% of $73  million.

“2013 marks a year of record revenues, record segment earnings, record operating cash flow, and record adjusted earnings per share. We delivered organic growth across all of our business segments for the fourth quarter as well as in each of the quarters throughout 2013, reflecting broad based portfolio strength and disciplined execution,” said James E. Lillie, Jarden CEO. “Among the highlights of Jarden’s performance in 2013 was the growth in our Crock-Pot, FoodSaver and Oster brands within Jarden Consumer Solutions, as well as the performance of our Ball and First Alert brands within Jarden Branded Consumables. We are excited about the outlook for 2014 and beyond given the core momentum in our business and the strength of our team.”

For the full year 2013 the company reported net sales of $7.4 billion, up 10.4% from sales of $6.7 billion in the prior year. Organic net sales grew 4.4% or approximately $293 million. The company’s gross margin fell slightly, from 28.7% in 2012 to 28.3% in 2013. The company’s reported net income for 2013 was $204 million, compared to $244 million for the same period in 2012.