Jarden Net Drops 14.5 Percent As Sales Jump 22 Percent
August 9, 2010,
RYE, N.Y.--Net income for Jarden Corp. dropped 14.5 percent in the second quarter, to $38.4 million.
The company's bottom line suffered in spite of a 22 percent gain in second-quarter net sales, which totaled $1.5 billion. Selling, general and administrative expenses rose 14 percent in the quarter, and gross margin dropped 147 basis points to 26.6 percent.