JAH - Jarden

[Liberty]

For the quarter ended March 31, 2014:

 

Organic net sales grew 0.6% or $8.7 million;

Reported net sales were $1.73 billion, compared to $1.58 billion for the same period in 2013;

Reported gross margin was 29.7% for 2014 compared to 28.1% for the same period in 2013;

Net income increased to $3.7 million, compared to net loss of $4.4 million for the same period in 2013;

Earnings per share was $0.03 per diluted share, compared to a loss of $0.04 per diluted share for the same period in 2013;

Adjusted gross margin was 30.4% compared to 28.4% for the same period in 2013;

Adjusted net income was $25.1 million, compared to $33.1 million for the same period in 2013; and

Adjusted diluted earnings per share was $0.20 per diluted share, compared to $0.30 per diluted share for the same period in 2013.

 

http://phx.corporate-ir.net/phoenix.zhtml?c=72395&p=irol-newsArticle&ID=1924795&highlight=

[Liberty]

So Gio, you sold your Jarden? Didn't see it last time you mentioned your holdings. Just curious to know why.

[loganc]

I did some work on JAH a while back.  Obviously, one has to be impressed with the track record and Franklin.  However, I was turned off by what I perceived at the time to be a concentrated group of retailers they were selling into - I would presume that Wal-Mart is their biggest customer?  That struck me as somewhat dangerous.  Plus, the margins (even adjusted for the deals) seemed to me to be fairly low.  Anyone care to disabuse me of my negative notions here?   

[Liberty]

The $74 Million Stock Award That Jarden’s Board Values at Zero

 

http://bloom.bg/1aZ5zsM

[giofranchi]

A new investors presentation about the acquisition of the Waddington Group.

 

Gio

The_Waddington_Group_-_Investor_Presentation_-_7.13.15vFINAL.pdf

[giofranchi]

Q2 2015: organic growth better than targeted 3-5%

 

http://phx.corporate-ir.net/phoenix.zhtml?c=72395&p=irol-newsArticle&ID=2068252

 

Gio

[giofranchi]

Jarden’s Take on Private Equity: Publicly Traded, Up 5,000%

 

http://www.bloomberg.com/news/articles/2015-07-16/jarden-s-take-on-private-equity-publicly-traded-and-up-5-000-

 

Excellent article!

 

Cheers,

 

Gio

[giofranchi]

Jarden Reports Second Quarter Results

 

Second Quarter Organic Net Sales Growth of 7%

 

 

Record Second Quarter Net Sales of Over $2 Billion

 

 

Record Second Quarter Segment Earnings of $259 Million

 

 

MIAMI, July 29, 2015 /PRNewswire/ -- Jarden Corporation (NYSE: JAH) today reported its financial results for the second quarter ended June 30, 2015.

 

For the quarter ended June 30, 2015:

◦Organic net sales grew 7.0% or $138 million in the second quarter of 2015;

◦Reported net sales were $2.01 billion for the second quarter 2015 and $1.98 billion for the same period in 2014;

◦Reported gross margin was 30.3% for second quarter 2015, compared to 30.5% for the same period in 2014;

◦Net income of $85.9 million for second quarter of 2015, compared to net income of $52.1 million for the same period in 2014;

◦Earnings per share was $0.44 per diluted share for second quarter 2015, compared to earnings of $0.28 per diluted share for the same period in 2014;

◦Adjusted gross margin was 31.0% in the second quarter 2015, compared to 30.8% for the same period in 2014;

◦Adjusted net income was $116 million in the second quarter of 2015, compared to $116 million for the same period in 2014; and

◦Adjusted earnings per share was $0.59 per diluted share in the second quarter of 2015, compared to $0.62 per diluted share for the same period in 2014.

 

For the six months ended June 30, 2015:

◦Organic net sales grew 5.9% or $220 million;

◦Reported net sales were $3.74 billion compared to $3.71 billion for the same period in 2014;

◦Reported gross margin was 29.6%, compared to 30.1% for the same period in 2014;

◦Net income of $30.4 million, compared to net income of $55.8 million for the same period in 2014;

◦Earnings per share was $0.16 per diluted share, compared to $0.29 per diluted share for the same period in 2014;

◦Adjusted gross margin was 30.4%, compared to 30.6% for the same period in 2014;

◦Adjusted net income was $127 million, compared to $142 million for the same period in 2014; and

◦Adjusted earnings per share was $0.65 per diluted share, compared to $0.74 per diluted share for the same period in 2014.   

 

"We are pleased to announce another quarter of record net sales and record segment earnings. The business continues to perform in line with our expectations. Jarden's authentic brands, supported by innovation and a robust operational platform, continue to drive our performance. We look forward to completing our acquisition of Waddington Group as we move through the third quarter and to leveraging revenue synergies with them across our Branded Consumables segment in the years to come," said Martin E. Franklin, Executive Chairman.

 

http://phx.corporate-ir.net/phoenix.zhtml?c=72395&p=irol-newsArticle&ID=2072121

 

 

Gio

 

[giofranchi]

Jarden Announces Agreement To Acquire Jostens For Approximately $1.5 Billion

 

http://www.jarden.com/for-investors/investor-news

 

Cheers,

 

Gio

[fareastwarriors]

Newell Rubbermaid to Acquire Jarden for $15.4 Billion

 

http://www.bloomberg.com/news/articles/2015-12-14/newell-rubbermaid-to-buy-jarden-for-13-2-billion-adding-brands

[valueyoda]

It may implictly result in more time and capital allocation towards Platform by Martin Franklin.