Preview - Please log in to view full article.

Article Date: July 2009
Word Count: 297

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.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.