Jarden Reports Record Fourth Quarter and Full Year 2010 Results

Jarden Corporation JAH today reported its financial results for the quarter and year ended December 31, 2010. For the quarter ended December 31, 2010, net sales increased 21%, 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, or $0.52 per diluted share, compared to net income of $1.2 million, or $0.01 per diluted share, for the same period in the previous year. On a non-GAAP basis, adjusted net income for the quarter ended December 31, 2010 was $76.6 million, or $0.86 per diluted share, compared to $68.5 million, or $0.77 per diluted share, for the same period in the previous year. The quarter ended December 31, 2010 includes the results from Mapa Spontex, which was acquired on April 1, 2010.