JARDEN Q2 NET RISES DESPITE LOWER SALES.
Within the Outdoor Solutions segment, Q2 operatingincome was off 8.7% to $68.3 million from $74.8 million, including $16.6million in depreciation and amortization and $5.6 million in reorganizationcosts this year against $7.0 million in integration and $15.7 million inamortization and depreciation last year. Total Q2 segment sales were off 10% to$637.8 million from $708.6 million.
The integration of Shakespeare and Pure Fishing isnearly completed, and in Q2 the segment reported year-over-year bottom lineimprovement. Lower gas prices and higher unemployment rateshelped generate additional fishing volume during Q2. Sales of U.S. fishinglicenses are up 11% year-to-date versus flat. Jarden is currently undergoing astreamlining of ... Log in to view full article.