Jarden Reports Record Full Year Results

                   Jarden Reports Record Full Year Results

Full Year Operating Cash Flow of $480 million

Full Year Gross Margin Expansion of over 70 bps

PR Newswire

RYE, N.Y., Feb. 14, 2013

RYE, N.Y., Feb. 14, 2013 /PRNewswire/ --Jarden Corporation (NYSE: JAH) today
reported its financial results for the fourth quarter and year ended December
31, 2012.

For the quarter ended December 31, 2012:

  oOrganic net sales increased 3.5%;
  oReported net sales were $1.82 billion, compared to $1.74 billion for the
    same period in 2011;
  oGross margin increased 130 basis points to 27.9%, compared to gross margin
    of 26.6% for the same period in 2011;
  oDiluted earnings per share increased 167% to $0.64 per diluted share,
    compared to $0.24 per diluted share for the same period in 2011;
  oNet income increased approximately 131% to $48.7 million, compared to
    $21.1 million for the same period in 2011;
  oAdjusted gross margin increased approximately 50 basis points to 28.1%,
    compared to adjusted gross margin of 27.6% for the same period in 2011;
  oAdjusted diluted earnings per share increased approximately 33% to $1.28
    per diluted share, compared to $0.96 per diluted share for the same period
    in 2011; and
  oAdjusted net income increased approximately 15% to $96.7 million, compared
    to $84.4 million for the same period in 2011.

For the year ended December 31, 2012:

  oOrganic net sales grew 2.0%;
  oReported net sales were $6.70 billion, compared to $6.68 billion for the
    same period in 2011;
  oGross margin increased 90 basis points to 28.7%, compared to gross margin
    of 27.8% for the same period in 2011;
  oDiluted earnings per share increased approximately 34% to $3.10 per
    diluted share, compared to $2.31 per diluted share for the same period in
    2011;
  oNet income increased approximately 19% to $243.9 million, compared to
    $204.7 million for the same period in 2011;
  oAdjusted gross margin increased 70 basis points to 29.0%, compared to
    adjusted gross margin of 28.3% for the same period in 2011;
  oAdjusted diluted earnings per share increased approximately 22% to $4.17
    per diluted share, compared to $3.43 per diluted share for the same period
    in 2011; and
  oAdjusted net income increased approximately 8% to $328.7 million, compared
    to $303.6 million for the same period in 2011.

"During 2012, Jarden once again delivered record revenues, segment earnings
and adjusted earnings per share and finished the year with a record level of
cash," said Martin E.Franklin, Executive Chairman. "We are also proud to
have been among the top five performing stocks compared to the S&P 500
Consumer Staples Index for 2012 on a one-, five- and ten-year basis. Looking
forward, we believe there are many exciting opportunities for Jarden to
continue to deliver long-term growth and expand profitability based on the
strength of our diversified portfolio of leading brands, new product
introductions and the hard work and dedication of our employees."

James E. Lillie, Chief Executive Officer commented, "Organic growth across all
of our business segments for the fourth quarter has once again validated the
strength of our diversified business model. Among the highlights of Jarden's
performance in 2012 wasour adjusted gross margin expansion of 70 basis
points. We believe that this expansion illustrates that our operating model
is yielding the intended results and we will continue to invest in our
businesses to help drive returns for our shareholders. We are excited about
the outlook for 2013 and beyond,as the investments we have made over the last
several years lay the foundation for long-term future success."

Please see the schedule accompanying this release for a reconciliation of
non-GAAP organic net sales growth, adjusted gross margins, segment earnings,
adjusted net income and adjusted basic and diluted earnings per share to the
comparable GAAP measures.

The Company will be hosting a conference call at 8:45 a.m. (EST) today,
February 14, 2013, to further discuss its fourth quarter and full year
results. To listen to the call by telephone, please dial 888-240-9373
(domestic) or 913-312-0639 (international) and provide passcode: 3674220. The
call will be simultaneously webcast at www.jarden.com. Supplemental
information can be found in the For Investors section of the Company's
website. A replay of the call and webcast will be available for three weeks
shortly after completion of the live call. To access the replay, call
888-203-1112 (domestic) or 719-457-0820 (international) and provide passcode:
3674220 or visit www.jarden.com.

Jarden Corporation is a leading provider of a diverse range of consumer
products with a portfolio of over 100 trusted, quality brands sold globally.
Jarden operates in three primary business segments through a number of well
recognized brands, including: Outdoor Solutions: Abu Garcia®, Aero®, Berkley®,
Campingaz® and Coleman®, ExOfficio®, Fenwick®, Gulp!®, Invicta®, K2®, Marker®,
Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®,
Trilene®, Volkl® and Zoot®; Consumer Solutions: Bionaire®, Breville®,
Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®,
Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and
Branded Consumables: Ball®, Bee®, Bernardin®, Bicycle®, Billy Boy®, Crawford®,
Diamond®, Dicon®, Fiona®, First Alert®, First Essentials®, Hoyle®, Kerr®,
Lehigh®, Lifoam®, Lillo®, Loew Cornell®, Mapa®, NUK®, Pine Mountain®,
Quickie®, Spontex® and Tigex®. Headquartered in Rye, N.Y., Jarden ranks #371
on the Fortune 500 and has over 25,000 employees worldwide. For in-depth
information about Jarden, please visit www.jarden.com.

Note: This news release contains "forward-looking statements" within the
meaning of the federal securities laws and is intended to qualify for the safe
harbor from liability established by the Private Securities Litigation Reform
Act of 1995, including statements regarding the Company's earnings per share
and adjusted diluted earnings per share, expected or estimated revenue,
segment earnings, net interest expense, income tax provision, cash flow from
operations, and reorganization and other non-cash charges, the outlook for the
Company's markets and the demand for its products, consistent profitable
growth, free cash flow, future revenues and gross, operating and EBITDA margin
improvement requirement and expansion, organic net sales growth, bank leverage
ratio, the success of new product introductions, growth in costs and expenses,
the impact of commodities, currencies and transportation costs and the
Company's ability to manage its risk in these areas, repurchase of shares of
common stock from time to time under the Company's stock repurchase program,
our ability to raise new debt, and the impact of acquisitions, divestitures,
restructurings, and other unusual items, including the Company's ability to
integrate and obtain the anticipated results and synergies from its
consummated acquisitions. These projections and statements are based on
management's estimates and assumptions with respect to future events and
financial performance and are believed to be reasonable, though are inherently
uncertain and difficult to predict. Actual results could differ materially
from those projected as a result of certain factors. A discussion of factors
that could cause results to vary is included in the Company's periodic and
other reports filed with the Securities and Exchange Commission.

JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(in millions, except earnings per share)


               Quarters ended
               December 31, 2012                       December 31, 2011
                 As                       Adjusted     As                       Adjusted
                            Adjustments                           Adjustments
                 Reported                 (non-GAAP)   Reported                 (non-GAAP)
                            (1)(3)                                (1)(3)
                 (GAAP)                   (1)(3)       (GAAP)                   (1)(3)
Net sales      $ 1,819.2  $ --          $ 1,819.2    $ 1,738.0  $ --          $ 1,738.0
Cost of sales    1,311.8    (3.6)         1,308.2      1,276.3    (18.2)        1,258.1
Gross profit     507.4      3.6           511.0        461.7      18.2          479.9
Selling,
general and      359.5      (43.7)        315.8        307.5      (3.4)         304.1
administrative
expenses
Reorganization   17.8       (17.8)        --           17.2       (17.2)        --
costs
Impairment of
goodwill and
other            --         --            --           52.5       (52.5)        --
intangible
assets
Operating        130.1      65.1          195.2        84.5       91.3          175.8
earnings
Interest         49.5       (3.0)         46.5         44.9       --            44.9
expense, net
Income before    80.6       68.1          148.7        39.6       91.3          130.9
taxes
Income tax       31.9       20.1          52.0         18.5       28.0          46.5
provision
Net income     $ 48.7     $ 48.0        $ 96.7       $ 21.1     $ 63.3        $ 84.4
Earnings per
share:
Basic          $ 0.65                   $ 1.29       $ 0.24                   $ 0.97
Diluted        $ 0.64                   $ 1.28       $ 0.24                   $ 0.96
Weighted
average shares
outstanding:
Basic            75.1                     75.1         87.1                     87.1
Diluted          75.7                     75.7         87.7                     87.7
See Notes to Earnings Release attached

JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(in millions, except earnings per share)


               Years ended
               December 31, 2012                       December 31, 2011
                 As                       Adjusted     As                       Adjusted
                            Adjustments                           Adjustments
                 Reported                 (non-GAAP)   Reported                 (non-GAAP)
                            (1)(3)                                (1)(3)
                 (GAAP)                   (1)(3)       (GAAP)                   (1)(3)
Net sales      $ 6,696.1  $ --          $ 6,696.1    $ 6,679.9  $ --          $ 6,679.9
Cost of sales    4,771.7    (14.8)        4,756.9      4,821.9    (29.1)        4,792.8
Gross profit     1,924.4    14.8          1,939.2      1,858.0    29.1          1,887.1
Selling,
general and      1,320.5    (68.9)        1,251.6      1,259.2    (22.9)        1,236.3
administrative
expenses
Reorganization   27.1       (27.1)        --           23.4       (23.4)        --
costs, net
Impairment of
goodwill and
other            --         --            --           52.5       (52.5)        --
intangible
assets
Operating        576.8      110.8         687.6        522.9      127.9         650.8
earnings
Interest         185.3      (3.3)         182.0        179.7      --            179.7
expense, net
Loss on early
extinguishment   --         --            --           12.8       (12.8)        --
of debt
Income before    391.5      114.1         505.6        330.4      140.7         471.1
taxes
Income tax       147.6      29.3          176.9        125.7      41.8          167.5
provision
Net income     $ 243.9    $ 84.8        $ 328.7      $ 204.7    $ 98.9        $ 303.6
Earnings per
share:
Basic          $ 3.12                   $ 4.20       $ 2.33                   $ 3.45
Diluted        $ 3.10                   $ 4.17       $ 2.31                   $ 3.43
Weighted
average shares
outstanding:
Basic            78.3                     78.3         88.1                     88.1
Diluted          78.8                     78.8         88.6                     88.6
See Notes to Earnings Release attached



JARDEN CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions)


                                                   December 31,   December 31,

                                                   2012           2011
Assets
Current assets:
Cash and cash equivalents                        $ 1,034.1      $ 808.3
Accounts receivable, net                           1,137.7        1,080.5
Inventories                                        1,310.3        1,274.4
Deferred taxes on income                           174.5          181.6
Prepaid expenses and other current assets          153.8          148.7
Total current assets                               3,810.4        3,493.5
Property, plant and equipment, net                 678.6          615.9
Goodwill                                           1,824.0        1,717.1
Intangible assets, net                             1,256.7        1,156.5
Other assets                                       140.9          133.7
Total assets                                     $ 7,710.6      $ 7,116.7
Liabilities and stockholders' equity
Current liabilities:
Short-term debt and current portion of long-term $ 504.7        $ 269.3
debt
Accounts payable                                   615.4          557.5
Accrued salaries, wages and employee benefits      187.6          181.1
Taxes on income                                    --             22.3
Other current liabilities                          421.0          433.5
Total current liabilities                          1,728.7        1,463.7
Long-term debt                                     3,293.4        2,890.1
Deferred taxes on income                           566.8          507.8
Other non-current liabilities                      362.1          343.1
Total liabilities                                  5,951.0        5,204.7
Total stockholders' equity                         1,759.6        1,912.0
Total liabilities and stockholders' equity       $ 7,710.6      $ 7,116.7
See Notes to Earnings Release attached



JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in millions)


                                                                 Quarters ended          Years ended
                                                                 December    December    December    December
                                                                 31, 2012    31, 2011    31, 2012    31, 2011
Cash flows from operating activities:
Net income                                                     $ 48.7      $ 21.1      $ 243.9     $ 204.7
Adjustments to reconcile net income to net cash provided by

 operating activities:
Depreciation and amortization                                    42.9        42.0        152.8       163.7
 Loss on early extinguishment of debt                       --          --          --          12.8
 Impairment of goodwill and other assets                    --          52.5        --          52.5
 Excess tax benefits from stock-based compensation          (0.3)       --          (43.0)      --
 Other non-cash items                                       70.4        (19.2)      96.9        65.5
Changes in assets and liabilities, net of effects from
acquisitions:
Accounts receivable                                              73.3        104.3       (23.6)      (25.2)
Inventory                                                        265.0       281.6       30.0        (7.0)
Accounts payable                                                 (46.6)      (78.7)      34.5        (12.4)
Other current assets and liabilities                             (54.5)      (1.0)       (11.2)      (27.5)
Net cash provided by operating activities                        398.9       402.6       480.3       427.1
Cash flows from financing activities:
Net change in short-term debt                                    (8.9)       (1.7)       74.7        1.0
Proceeds from issuance of long-term debt                         1.9         --          802.5       1,025.0
Payments on long-term debt                                       (19.5)      (7.8)       (172.7)     (1,110.6)
(Repurchase of) proceeds from common stock, net                  (21.3)      3.3         (557.9)     (80.8)
Debt issuance costs                                              --          --          (17.4)      (12.3)
Dividends paid                                                   --          (7.5)       (7.5)       (30.1)
 Excess tax benefits from stock-based compensation             0.3         --          43.0        --
Other                                                            --          4.0         --          11.1
Net cash provided by (used in) financing activities              (47.5)      (9.7)       164.7       (196.7)
Cash flows from investing
activities:
Additions to property, plant and equipment                       (77.6)      (47.5)      (154.5)     (126.9)
Acquisitions of businesses, net of cash acquired                 (131.1)     (1.0)       (286.3)     (14.4)
Other                                                            3.5         23.4        13.3        28.2
Net cash used in investing activities                            (205.2)     (25.1)      (427.5)     (113.1)
Effect of exchange rate changes on cash and cash equivalents     1.2         (5.8)       8.3         (4.4)
Net increase in cash and cash equivalents                        147.4       362.0       225.8       112.9
Cash and cash equivalents at beginning of period                 886.7       446.3       808.3       695.4
Cash and cash equivalents at end of period                     $ 1,034.1   $ 808.3     $ 1,034.1   $ 808.3
See Notes to Earnings Release attached



JARDEN CORPORATION

NET SALES AND OPERATING EARNINGS BY SEGMENT (Unaudited)

(in millions)


                    Outdoor    Consumer   Branded      Process    Intercompany Total      Corporate/
                               Solutions  Consumables  Solutions  Eliminations Operating              Consolidated
                    Solutions                                     (a)          Segments   Unallocated
Quarter ended
December 31, 2012
Net sales           $  617.9   $  680.4   $   452.4    $  84.4    $  (15.9)    $ 1,819.2  $  --       $  1,819.2
Segment earnings    $  61.7    $  109.9   $   66.2     $  7.8     $  --        $ 245.6    $  (16.2)   $  229.4
(loss)
Adjustments to
reconcile to
reported operating

 earnings (loss):
Reorganization cost    (3.3)      (14.1)      (0.4)       --         --          (17.8)      --          (17.8)
Acquisition-related    --         --          (2.4)       --         --          (2.4)       (2.6)       (5.0)
and other costs
Cumulative
adjustment of stock    --         --          --          --         --          --          (33.6)      (33.6)

 compensation
Depreciation and       (17.2)     (8.8)       (12.2)      (3.8)      --          (42.0)      (0.9)       (42.9)
amortization
Operating earnings  $  41.2    $  87.0    $   51.2     $  4.0     $  --        $ 183.4    $  (53.3)   $  130.1
(loss)
                                                                  Intercompany Total
                    Outdoor    Consumer   Branded      Process                            Corporate/
                                                                  Eliminations Operating              Consolidated
                    Solutions  Solutions  Consumables  Solutions  (a)                     Unallocated
                                                                               Segments
Quarter
endedDecember 31,
2011
Net sales           $  614.5   $  621.9   $   436.5    $  77.5    $  (12.4)    $ 1,738.0  $  --       $  1,738.0
Segment earnings    $  56.4    $  102.4   $   54.4     $  10.6    $  --        $ 223.8    $  (12.6)   $  211.2
(loss)
Adjustments to
reconcile to
reported operating

 earnings (loss):
Reorganization         (9.7)      (2.1)       (4.0)       (1.4)      --          (17.2)      --          (17.2)
costs
Acquisition-related    8.5        (4.8)       (9.5)       (2.0)      --          (7.8)       (7.2)       (15.0)
and other costs
Impairment of
goodwill and other     --         --          (52.5)      --         --          (52.5)      --          (52.5)
assets
Depreciation and       (16.1)     (8.3)       (13.7)      (3.3)      --          (41.4)      (0.6)       (42.0)
amortization
Operating earnings  $  39.1    $  87.2    $   (25.3)   $  3.9     $  --        $ 104.9    $  (20.4)   $  84.5
(loss)
(a) Intersegment sales are recorded at cost plus an agreed-upon intercompany profit on intersegment sales.



JARDEN CORPORATION

NET SALES AND OPERATING EARNINGS BY SEGMENT (Unaudited)

(in millions)


                                                                                                      
                    Outdoor    Consumer   Branded      Process    Intercompany Total      Corporate/
                    Solutions  Solutions  Consumables  Solutions  Eliminations Operating              
                                                                  (a)          Segments   Unallocated
                                                                                                      Consolidated
Yearended December
31, 2012
Net sales           $ 2,692.9  $ 1,940.9  $  1,753.1   $  377.1   $  (67.9)    $ 6,696.1  $  --       $  6,696.1
Segment earnings    $ 325.2    $ 285.9    $  259.2     $  47.1    $  --        $ 917.4    $  (103.6)  $  813.8
(loss)
Adjustments to
reconcile to
reported operating

 earnings (loss):
Reorganization        (12.6)     (14.1)      (0.4)        --         --          (27.1)      --          (27.1)
cost, net
Fair market value
adjustments to        (2.8)      (3.2)       --           --         --          (6.0)       --          (6.0)
inventory
Acquisition-related   (3.9)      (1.6)       (3.8)        --         --          (9.3)       (8.2)       (17.5)
and other costs
Cumulative
adjustment of stock   --         --          --           --         --          --          (33.6)      (33.6)

 compensation
Depreciation and      (55.2)     (34.7)      (46.0)       (13.5)     --          (149.4)     (3.4)       (152.8)
amortization
Operating earnings  $ 250.7    $ 232.3    $  209.0     $  33.6    $  --        $ 725.6    $  (148.8)  $  576.8
(loss)
                                                                  Intercompany Total                  
                    Outdoor    Consumer   Branded      Process                            Corporate/
                                                                  Eliminations Operating              
                    Solutions  Solutions  Consumables  Solutions  (a)                     Unallocated
                                                                               Segments               Consolidated
Year EndedDecember
31, 2011
Net sales           $ 2,772.1  $ 1,880.3  $  1,734.4   $  351.2   $  (58.1)    $ 6,679.9  $  --       $  6,679.9
Segment earnings    $ 344.6    $ 274.7    $  237.9     $  37.7    $  --        $ 894.9    $  (104.1)  $  790.8
(loss)
Adjustments to
reconcile to
reported operating

 earnings (loss):
Reorganization        (13.5)     (2.1)       (6.4)        (1.4)      --          (23.4)      --          (23.4)
costs, net
Fair market value
adjustment to         --         --          (6.9)        --         --          (6.9)       --          (6.9)
inventory
Acquisition-related   7.1        (4.8)       (10.8)       (2.0)      --          (10.5)      (10.9)      (21.4)
and other costs
Impairment of
goodwill and other    --         --          (52.5)       --         --          (52.5)      --          (52.5)
assets
Depreciation and      (61.8)     (31.1)      (55.9)       (12.4)     --          (161.2)     (2.5)       (163.7)
amortization
Operating earnings  $ 276.4    $ 236.7    $  105.4     $  21.9    $  --        $ 640.4    $  (117.5)  $  522.9
(loss)
(a) Intersegment sales are recorded at cost plus an agreed-upon intercompany profit on intersegment sales.



Jarden Corporation
Notes to Earnings Release

Note 1: Adjustments relate to items that are excluded from the "As Reported"
results to arrive at the "Adjusted" results for the quarters and years ended
December 31, 2012 and 2011. For the quarter ended December 31, 2012,
adjustments to net income included $3.6 million of accelerated depreciation
recorded in cost of sales primarily associated with the rationalization of
international manufacturing facilities; $33.6 million of non-cash cumulative
adjustment of stock compensation associated with certain restricted stock,
related to achieving a goal of $5.00 per adjusted EPS by 2014; $17.8 million
of reorganization costs primarily associated with the rationalization of
international manufacturing facilities; $5.0 million of acquisition related
and other costs; $5.1 million of amortization of acquired intangible assets;
and $3.0 million of non-cash original issue discount amortization on the
convertible notes. Also, included in the adjustments to net income for the
quarter ended December 31, 2012 is the tax provision adjustment of $20.1
million, which reflects the normalization of the adjusted results to the
Company's estimated 35% effective tax rate.

For the quarter ended December 31, 2011, adjustments to net income included
$18.2 million of expense in cost of goods sold primarily associated with the
rationalization of manufacturing facilities; $17.2 million of reorganization
costs primarily associated with the international platform rationalization;
$52.5 million of a non-cash impairment of goodwill, intangibles and other
assets; $1.2 million net gain primarily associated with domestic
rationalization more than offset by the gain of the sale of a domestic
business; and $4.6 million of amortization of acquired intangible assets.
Also, included in the adjustments to net income for the quarter ended December
31, 2011 is the tax provision adjustment of $28.0 million, which reflects the
normalization of the adjusted results to the Company's estimated 35.5%
effective tax rate.

For the year ended December 31, 2012, adjustments to net income included $6.0
million associated with the manufacturer's profit in inventory charged to cost
of sales which is the purchase accounting fair value adjustment to inventory
associated with our acquisitions; $8.8 million of accelerated depreciation
recorded in cost of sales primarily associated with the rationalization of
international manufacturing facilities; $33.6 million of non-cash cumulative
adjustment of stock compensation associated with certain restricted stock,
related to achieving a goal of $5.00 per adjusted EPS by 2014; $27.1 million
of net reorganization costs primarily associated with the rationalization of
international manufacturing facilities; $17.5 million of acquisition related
and other costs; $17.8 million of amortization of acquired intangible assets;
and $3.3 million of non-cash original issue discount amortization on the
convertible notes. Also, included in the adjustments to net income for the
year ended December 31, 2012 is the tax provision adjustment of $29.3 million,
which reflects the normalization of the adjusted results to the Company's
estimated 35% effective tax rate.

For the year ended December 31, 2011, adjustments to net income included $22.2
million of expense in cost of goods sold primarily associated with the
rationalization of manufacturing facilities; $6.9 million primarily associated
with the manufacturer's profit in inventory charged to cost of sales which is
the purchase accounting fair value adjustment to inventory primarily
associated with the Quickie acquisition; $23.4 million of net reorganization
costs primarily associated with the international platform rationalization;
$52.5 million of a non-cash impairment of goodwill, intangibles and other
assets; $4.2 million of net other costs primarily associated with domestic
rationalization offset by the gain of the sale of a domestic business; $12.8
million of a non-cash write-off of deferred debt issue costs; and $18.7
million of amortization of acquired intangible assets. Also, included in the
adjustments to net income for the year ended December 31, 2011 is the tax
provision adjustment of $41.8 million, which reflects the normalization of the
adjusted results to the Company's estimated 35.5% effective tax rate.

Note 2: Organic net sales growth is a non-GAAP measure of net sales growth
excluding the impacts of foreign exchange, certain acquisitions, and exited
business from year-over-year comparisons. The Company believes this measure
provides investors with a more complete understanding of the underlying sales
trends by providing net sales on a consistent basis. Organic net sales growth
is also one of the measures used by management to analyze operating
performance. The following table provides a reconciliation of organic net
sales growth to the comparable GAAP measure of net sales growth for the
quarter and year ended December 31, 2012:

                                    Quarter ended       Year ended

                                    December 31, 2012   December 31, 2012
Reconciliation of Non- GAAP measure
Net sales growth                    4.7%                0.3%
Foreign exchange impacts            0.5%                1.6%
(Acquisitions)/exited business, net (1.7%)              0.1%
Organic net sales growth            3.5%                2.0%

Note 3: This earnings release contains non-GAAP financial measures that may
not be directly comparable to other similarly titled measures used by other
companies. For purposes of Regulation G, a non-GAAP financial measure is a
numerical measure of a company's historical or future financial performance,
financial position or cash flows that excludes amounts, or is subject to
adjustments that have the effect of excluding amounts, that are included in
the most directly comparable measure calculated and presented in accordance
with GAAP in the statements of income, balance sheets, or statements of cash
flows of the Company; or includes amounts, or is subject to adjustments that
have the effect of including amounts, that are excluded from the most directly
comparable measure so calculated and presented. Pursuant to the requirements
of Regulation G, the Company has provided reconciliations of the non-GAAP
financial measures to the most directly comparable GAAP financial measures.
These non-GAAP measures are provided because management of the Company uses
these financial measures in maintaining and evaluating the Company's ongoing
financial results and trends. Management uses this non-GAAP information as an
indicator of business performance, and evaluates overall management with
respect to such indicators. Additionally, the Company uses non-GAAP financial
measures because the Company's credit agreement provides for certain
adjustments in calculations used for determining whether the Company is in
compliance with certain credit agreement covenants, including, but not limited
to, adjustments relating to non-cash purchase accounting adjustments, non-cash
impairment charge of goodwill, intangibles and other assets, certain
reorganization and acquisition-related integration costs, transaction and
integration costs, non-cash Venezuela hyperinflationary and devaluation
charges, gains and losses as a result of currency fluctuations, gain on the
sale of the domestic business, non-cash stock-based compensation costs, loss
on early extinguishment of debt, non-cash original issue discount amortization
and other items. Adjusted gross margin is calculated by dividing adjusted
gross profit by net sales. Adjusted net interest expense is calculated by
deducting original issue discount amortization from net interest expense.
Adjusted income tax provision is calculated by adding the income tax provision
adjustment, which reflects the normalization of the adjusted results to the
Company's estimated effective tax rate, to the income tax provision. These
non-GAAP measures should be considered in addition to, but not as a substitute
for, measures of financial performance prepared in accordance with GAAP.



SOURCE Jarden Corporation

Website: http://www.jarden.com
Contact: Trisha Mount or Rachel Wilson, +1-914-967-9400; Investor Relations:
Allison Malkin or Press: Alecia Pulman, ICR, Inc., +1-203-682-8200