Jarden loses $11.2 million on special charges
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- February
- 14
Jarden Corp., the consumer products company in Rye, reported this morning that it lost $11.2 million, or 15 cents a share, during the fourth quarter of last year, largely due to costs related to with the acquisition of K2 Inc. and stock-based compensation costs.
During the last quarter of 2006, Jarden, which markets Mr. Coffee, Sunbeam and Oster products, earned $35.7 million, or 52 cents a share.
Adjusted net income was $68.7 million, or 89 cents a share, during the most recent quarter, compared with $54.8 million, or 80 cents a share, a year earlier. That is computed not using generally accepted accounting principles.
Sales increased 38 percent to $1.5 billion, the company said.
Jarden shares closed at $24.65 yesterday, up $1.24.
This entry was posted
on Thursday, February 14th, 2008 at 9:08 am by Allan Drury.
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