Jarden Presents Strategy for Consistent, Profitable Growth at Analyst and Investor Day
- Reiterates Goal of $5.00 Diluted EPS within Five Years -
RYE, N.Y., March 10 /PRNewswire-FirstCall/ -- Jarden Corporation (NYSE: JAH) today hosted an Analyst and Investor Day in New York City where senior management provided an overview of the Company's strategy designed to deliver consistent, profitable growth to its shareholders. Management reinforced the Company's key competitive differentiators and core attributes while reaffirming its objective to achieve diluted earnings per share of $5.00 within five years.
Martin E. Franklin, Jarden's Chairman and Chief Executive Officer commented, "Today's presentations highlighted examples of our key organic growth drivers, a selection of our new products, our continuous improvement and margin expansion initiatives, our financial discipline, and our continued commitment to investing in our brands, products and people. We believe that our diversified business model will enable us to continue to meet our financial objectives and produce consistent results for our shareholders."
"Jarden is a growing global consumer products company with a diversified portfolio of leading brands many of which are synonymous with the niche categories in which they serve," continued Mr. Franklin. "We believe our continued investment in our competitive differentiators, including new product development supported by relevant go-to-market strategies, the scale of our global operating platform, and our commitment to operating excellence makes us an attractive business partner of retailers world-wide."
Mr. Franklin concluded, "Core to our success is Jarden's DNA; our unique operating philosophy that continues to drive improved performance, including innovation, quality, and operating efficiency. These attributes have enabled Jarden to emerge from the challenging macro-environment with a solid balance sheet, an improved competitive position, and an enhanced platform poised to deliver growth, margin improvement and strong cash flows."
The webcast of today's presentations will be archived on the Company's website at www.jarden.com until March 31, 2010.
About Jarden Corporation:
Jarden Corporation is a leading provider of niche consumer products. Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia®, Berkley®, Campingaz® and Coleman®, Fenwick®, Gulp!®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, Volkl®, and Zoot®; Consumer Solutions: Bionaire®, Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Loew Cornell® and Pine Mountain®. Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide. For more information, please visit www.jarden.com.
Note: This news release contains "forward-looking statements" within the meaning of the federal securities laws and is intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's adjusted earnings per share, repurchase of shares of common stock from time to time under the Company's stock repurchase program, the outlook for the Company's markets and the demand for its products, estimated sales, segment earnings, earnings per share, cash flows from operations, free cash flow, future revenues and gross, operating and EBITDA margin improvement requirement and expansion, leverage, organic growth, the success of new product introductions, growth in costs and expenses, the impact of commodities and transportation costs, the Company's ability to consummate, and the impact of, announced acquisitions, and the impact of acquisitions, divestitures, restructurings, and other unusual items, including Jarden's ability to integrate and obtain the anticipated results and synergies from its acquisitions. These projections and statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company's periodic and other reports filed with the Securities and Exchange Commission.
SOURCE Jarden Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article