Jarden Grows Past $8 Billion In Net Sales In Q4

February 20th, 2015

Boca Raton-based Jarden Corp. reported a 12.7 percent increase in net sales in 2014, to $8.29 billion from $7.36 billion the year before. New records were set in both the fourth quarter and full year across many metrics including revenues and gross margins, said CEO James Lillie in the quarterly report released Thursday morning.

Revenue: $2.44 billion, up from $2.22 billion compared to the fourth quarter of 2013.

Net income: $78.1 million, up from $37 million compared to the fourth quarter of 2013.

Earnings per share: 42 cents, up from 20 cents in the same quarter last year.

“The fourth quarter marked a great end to a strong year of growth,” said Martin E. Franklin, Executive Chairman in a news release. “Jarden once again was the top performing stock as compared to Household and Personal Care peers in the S&P 500 Consumer Staples Index for 2014 on a one-, five-, and ten-year basis.”

Shares were up more than 4 percent, or $2.13 Thursday afternoon, to $51.39. The stock is near its 52-week high of $52.18 on Jan. 16. Its 52-week low was $36.17 on April 15, 2014.

Jarden Corp. has a portfolio of more than 120 brands, including Yankee Candle, Mr. Coffee and Crock-Pot. The firm has more than 30,000 employees worldwide.

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