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Jarden Fourth-Quarter Revenue to Exceed Expectations

Posted on January 11, 2010 by HFN Staff

RYE, N.Y.-Fourth-quarter revenue for Jarden should total about $1.35 billion--ahead of the company's expectations, according to a preliminary statement from the manufacturer.

Previously, the company had forecast fourth-quarter revenue to reach $1.3 billion. Jarden also said it expects revenue for the full 2009 fiscal year to be $5.1 billion--which, assuming the company achieves this total, would represent a decline of about 5.6 percent from 2008 revenue. Jarden said it would announce its fourth-quarter and fiscal 2009 results on Feb. 18.

Martin Franklin, Jarden's chairman and chief executive officer, said the company exceeded its financial goals in 2009, and expects to achieve "organic revenue growth" this year.