-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I0wAdmPQPFdErp65PKWarWaZHVmRcnhOELGC47BVKIzDJilkxcoXYmBHqCsUpyyB XWzgj6evCR8KvdXbRqZxbA== 0001193125-07-018714.txt : 20070202 0001193125-07-018714.hdr.sgml : 20070202 20070202063105 ACCESSION NUMBER: 0001193125-07-018714 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070202 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070202 DATE AS OF CHANGE: 20070202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JARDEN CORP CENTRAL INDEX KEY: 0000895655 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 351828377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13665 FILM NUMBER: 07574256 BUSINESS ADDRESS: STREET 1: 555 THEODORE FREMD AVE CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 914 967 9400 MAIL ADDRESS: STREET 1: 555 THEODORE FREMD STREET 2: AVE CITY: RYE STATE: NY ZIP: 10580 8-K 1 d8k.htm CURRENT REPORT Current Report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) February 2, 2007

 

Jarden Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-13665   35-1828377
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

555 Theodore Fremd Avenue, Rye, New York   10580
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (914) 967-9400

 

 

 


(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


Item 2.02 Results of Operations and Financial Condition.

On February 2, 2007, we issued a press release announcing additional and clarifying preliminary summary financial results for the twelve months ended December 31, 2006. A copy of our press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Because the fourth quarter has recently ended, this information is, by necessity, preliminary in nature and based only upon preliminary information available to us as of the date of this press release. Investors should exercise caution in relying on the information contained herein and should not draw any inferences from this information regarding financial or operating data that is not discussed therein.

The information in this Item 2.02 of this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits. The following Exhibits are filed herewith as part of this report:

 

Exhibit   

Description

99.1    Press Release of Jarden Corporation, dated February 2, 2007 (furnished only)

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: February 2, 2007

 

 

JARDEN CORPORATION

By:

  /s/ Ian G.H. Ashken
  Name:    Ian G.H. Ashken
  Title:      Chief Financial Officer

 


EXHIBIT INDEX

 

Number   

Exhibit

99.1    Press Release of Jarden Corporation, dated February 2, 2007 (furnished only)
EX-99.1 2 dex991.htm PRESS RELEASE OF JARDEN CORPORATION, DATED FEBRUARY 2, 2007 (FURNISHED ONLY) Press Release of Jarden Corporation, dated February 2, 2007 (furnished only)

LOGO

   FOR:      Jarden Corporation
   CONTACT:      Martin E. Franklin
Chairman and
Chief Executive Officer
914-967-9400
        Investor Relations:
Erica Pettit
Press:
Evan Goetz/Melissa Merrill
Financial Dynamics
FOR IMMEDIATE RELEASE         212-850-5600

JARDEN CORPORATION ANNOUNCES ADDITIONAL AND CLARIFYING

PRELIMINARY YEAR END SUMMARY RESULTS IN CONNECTION WITH ITS

PLANNED REFINANCING

Rye, New York – February 2, 2007 – Jarden Corporation (NYSE: JAH) today announced the following additional preliminary summary financial information for the twelve months ended December 31, 2006 in advance of the completion of our 2006 year end audit. The estimated net sales of $3.85 billion consisted of: Branded Consumables approximately $812 million; Consumer Solutions approximately $1,892 million; Outdoor Solutions approximately $901 million; Process Solutions approximately $309 million and intercompany eliminations of approximately $68 million. Using the estimated Consolidated Segment Earnings (as defined below) range of $440 million to $442 million the earnings are estimated to be: Branded Consumables approximately $118 million; Consumer Solutions approximately $250 million; Outdoor Solutions approximately $84 million; Process Solutions approximately $34 million and corporate expenses of approximately $44 million to $46 million. 2006 Consolidated Segment Earnings as a percentage of sales are estimated to be: Branded Consumables 14.6%; Consumer Solutions 13.2%; Outdoor Solutions 9.4% and Process Solutions 10.9%. Estimated cash flow from operations was approximately $235 million in 2006 compared to approximately $241 million in 2005. Cash flow from operations includes cash reorganization costs of approximately $37 million in 2006, compared to $19 million in 2005. Estimated Capital Expenditures for the year was approximately $68 million. Estimated net indebtedness at December 31, 2006 of $1,240 million consisted of approximately $1,260 million of term and other debt, approximately $180 million of senior subordinated notes, net of approximately $200 million of cash. There were no borrowings on the revolving credit or asset based facilities at December 31, 2006. Consolidated Segment Earnings represent the Company’s performance measurement under SFAS 131. The measurement is the Company’s earnings before interest, taxes and depreciation and amortization, excluding reorganization, acquisition and integration related costs (estimated $42 million), stock based compensation (estimated $23 million), and profit in inventory (estimated $10 million). The preliminary financial information contained in this release supersedes and clarifies the financial and other information, including the cash flow from operations, contained in the Company’s release dated January 29, 2007, if and to the extent inconsistent.

The issuer may file a registration statement (including a prospectus) with the SEC for the notes offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more

 

 more —


complete information about the issuer and this offering. When filed with the SEC, you may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer will arrange to send you a prospectus after filing if you request it by calling Jarden Corporation at (914) 967-9400. These securities may not be sold nor may offers to buy be accepted prior to the time that the prospectus supplement and related prospectus are delivered in final form.

Jarden Corporation is a leading provider of niche consumer products used in and around the home. Jarden operates in three primary business segments through a number of well recognized brands, including: Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, First Alert®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Loew-Cornell® and Pine Mountain®; Consumer Solutions: Bionaire®, Crock-Pot®, FoodSaver®, Harmony®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain™; and Outdoor Solutions: Campingaz® and Coleman®. Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide. For more information, 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 outlook for Jarden’s markets and the demand for its products, estimated sales, segment earnings, earnings per share, cash flows from operations, future revenues and margin requirement and expansion, the success of new product introductions, growth in costs and expenses and the impact of acquisitions, divestitures, restructurings and other unusual items, including Jarden’s ability to integrate and obtain the anticipated results and synergies from its 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.

***

 

2

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