Jarden reports profit, sales increases
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- July
- 29
Jarden Corp., the consumer products company based in Rye, said this morning it earned $43 million, or 56 cents a share, during the quarter that ended in June.
That was a gain over the $16.7 million, or 23 cents a share, the company earned during the second quarter of 2007.
Sales increased 30 percent to $1.4 billion, partly driven by money that came in from The Pure Fishing Inc., a business the company acquired in April 2007.
“Jarden posted an outstanding second quarter in a difficult macroeconomic environment,†Martin E. Franklin, the company’s chairman and chief executive, said.
Jarden’s brands include Coleman camping equipment, Crock-Pot, Mr. Coffee and Rawlings sporting goods.
Jarden shares closed at $21.50, down 2 cents, yesterday. The shares are down 8.9 percent on the year.
This entry was posted
on Tuesday, July 29th, 2008 at 8:44 am by Allan Drury.
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