8-K

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) April 21, 2009

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 April 21, 2009, we issued a press release announcing our financial results for the quarter ended March 31, 2009. A copy of our press release announcing our earnings results for the quarter ended March 31, 2009 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The earnings press release furnished herewith contains financial measures that are not in accordance with generally accepted accounting principles in the United States of America (“GAAP”). 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 in accordance with GAAP in the statements of operations, 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, Jarden Corporation (the “Company”) has provided reconciliations within the earnings release of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

To supplement our consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP measures of net income and diluted earnings per share. These non-GAAP measures are provided because management of the Company uses these financial measures in monitoring 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’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 and other intangibles, certain reorganization and acquisition-related integration costs, non-cash stock-based compensation costs and loss on early extinguishment of debt. These non-GAAP measures should be considered in addition to, not a substitute for, measures of financial performance prepared in accordance with GAAP.

Also attached to this Current Report on Form 8-K as Exhibit 99.2 is a reconciliation of certain non-GAAP financial measures anticipated to be discussed during our April 21, 2009 earnings conference call to the most directly comparable financial measure in accordance with GAAP. EBITDA is expected to be presented in the earnings conference call because the Company’s credit facility and senior subordinated notes contain financial and other covenants which are based on or refer to the Company’s EBITDA. Additionally, EBITDA is a basis upon which our management assesses financial performance and we believe it is frequently used by securities analysts, investors and other interested parties in measuring the operating performance and creditworthiness of companies with comparable market capitalization to the Company, many of which present EBITDA when reporting their results. Furthermore, EBITDA is one of the factors used to determine the total amount of bonuses available to be awarded to executive officers and other employees. EBITDA is widely used by the Company to evaluate potential acquisition candidates. Adjusted EBITDA (“Segment Earnings”), excluding reorganization and

acquisition-related integration costs, the elimination of manufacturer’s profit in inventory, inventory write-offs, non-cash impairment charge of goodwill and other intangibles assets, duplicative administrative costs, and loss on early extinguishment of debt, as applicable, is expected to be presented in the earnings conference call because it is a basis upon which the Company’s management has assessed its financial performance in the years presented. 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 and other intangibles, certain reorganization and acquisition-related integration costs, non-cash stock-based compensation costs and loss on early extinguishment of debt.

The non-GAAP financial measures described above should be considered in addition to, but not as a substitute for, measures of financial performance prepared in accordance with GAAP that are presented in the earnings release.

On April 16, 2009, we also issued a press release announcing our preliminary financial results for the quarter ended March 31, 2009. A copy of our press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference. Attached for this Current Report on Form 8-K as Exhibit 99.2 is a reconciliation, which is now available, of certain non-GAAP financial measures included in our April 16, 2009 and April 21, 2009 press releases to the most directly comparable financial measures in accordance with GAAP.

The information in this Item 2.02 of this Form 8-K (other than the penultimate paragraph of this Item 2.02) and Exhibits 99.1 and 99.2 attached hereto shall be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. The information in the penultimate paragraph of this Item 2.02 of this Form 8-K and Exhibit 99.3 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, 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 furnished herewith as part of this report:

Exhibit	Description
99.1	Press Release of Jarden Corporation, dated April 21, 2009, with respect to our financial results for the quarter ended March 31, 2009 (filed).
99.2	Reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures (filed).
99.3	Press Release of Jarden Corporation, dated April 16, 2009, with respect to our preliminary financial results for the quarter ended March 31, 2009 (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: April 21, 2009

JARDEN CORPORATION
By:	/s/ Richard T. Sansone
Name:	Richard T. Sansone
Title:	Senior Vice President and Chief Accounting Officer

EXHIBIT INDEX

Number	Exhibit
99.1	Press Release of Jarden Corporation, dated April 21, 2009, with respect to our financial results for the quarter ended March 31, 2009 (filed).
99.2	Reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures (filed).
99.3	Press Release of Jarden Corporation, dated April 16, 2009, with respect to our preliminary financial results for the quarter ended March 31, 2009 (furnished only).

EX-99.1

Exhibit 99.1

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

FOR IMMEDIATE RELEASE

JARDEN REPORTS FIRST QUARTER 2009 RESULTS

-Results Exceed Preliminary View Provided Earlier-

-Record Cash Flow From Operations and Strong Working Capital Performance-

RYE, N.Y., April 21, 2009 — Jarden Corporation (NYSE: JAH) today reported its financial results for the quarter ended March 31, 2009.

For the quarter ended March 31, 2009, net sales decreased 6.4% to $1.1 billion compared to $1.2 billion for the same period in the previous year. Approximately $54 million of the $78 million decrease in net sales was due to foreign exchange fluctuations between the periods. For the quarter ended March 31, 2009, the Company recorded a net income of $8.9 million, or $0.12 per diluted share, compared to a net income of $4.7 million, or $0.06 per diluted share, in the quarter ended March 31, 2008. On a non-GAAP basis, adjusted net income was $18.4 million, or $0.24 per diluted share, for the quarter ended March 31, 2009, compared to $16.5 million, or $0.22 per diluted share, for the quarter ended March 31, 2008.

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

“As noted in the pre-release we issued last week, the first quarter supported our view that Jarden’s diversified portfolio of primarily market leading brands is better positioned to weather the current economic environment than many of our competitors,” said Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation. “For the first quarter, we had better than expected sales, solid margins, net income and EPS growth, record cash flow and excellent working capital improvements, producing a strong overall quarter in a very tough macro-economic environment. We were particularly pleased with the organic sales growth within our Consumer Solutions segment, as it was driven from our domestic as well as international businesses.”

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Mr. Franklin continued, “The winter season finished well for our ski and other seasonal products and we are now focused on the second quarter with the sell-in of our summer seasonal items such as Coleman^® outdoor products, Rawlings^® baseball equipment and Ball^® home canning jars. While retailers continue to maintain lower than historical inventory levels, we are focused on growing our share of the available open-to-buy dollars and believe that our innovative and authentic line of products and brands offers the end consumer the value they are looking for in the current economy.”

Jarden Corporation was recently ranked #442 on Fortune Magazine’s Fortune 500 annual listing of America’s largest corporations. Jarden rose 50 positions on the list this year, up from #492 in 2008 which was the Company’s inaugural inclusion in this prestigious ranking.

The Company will be holding a conference call at 5:00 pm EDT, April 21, 2009, to further discuss its results and respond to questions. The call will be accessible via a webcast through the Company’s website at www.jarden.com and will be archived online until May 6, 2009.

Jarden Corporation is a leading provider of niche consumer products. Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia^®, Berkley^®, Campingaz^® and Coleman^®, Fenwick^®, Gulp!^®, JT^®, K2^®, Marker^®, Marmot^®, Mitchell^®, Penn^®, Rawlings^®, Shakespeare^®, Stearns^®, Stren^®, Trilene^®, Volkl^®, and Zoot^®; Consumer Solutions: Bionaire^®, 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^®, Bicycle^®, Crawford^®, Diamond^®, Dicon^®, First Alert^®, Forster^®, Hoyle^®, Kerr^®, Lehigh^®, Leslie-Locke^®, Loew Cornell^® and Pine Mountain^®. 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 Company’s adjusted earnings per share, repurchase of shares of common stock from time to time under the Company’s stock repurchase program, 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, organic growth, 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.

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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(in millions, except earnings per share)

	Quarters Ended
	March 31, 2009							March 31, 2008
	As Reported (GAAP)		Adjustments (1)(2)			Adjusted (non-GAAP) (1)(2)		As Reported (GAAP)		Adjustments (1)(2)			Adjusted (non-GAAP) (1)(2)
Net sales	$	1,138.9	$	—		$	1,138.9	$	1,217.4	$	—		$	1,217.4
Cost of sales		846.6		—			846.6		889.6		—			889.6
Gross profit		292.3		—			292.3		327.8		—			327.8
Selling, general and administrative expenses		228.4		(3.9	)		224.5		259.8		(4.0	)		255.8
Reorganization and acquisition-related integration costs, net		12.2		(9.4	)		2.8		10.7		(10.7	)		—
Operating earnings		51.7		13.3			65.0		57.3		14.7			72.0
Interest expense, net		36.2		—			36.2		46.2		—			46.2
Income before taxes		15.5		13.3			28.8		11.1		14.7			25.8
Income tax provision		6.6		3.8			10.4		6.4		2.9			9.3
Net income	$	8.9	$	9.5		$	18.4	$	4.7	$	11.8		$	16.5
Earnings per share:
Basic	$	0.12				$	0.24	$	0.06				$	0.22
Diluted	$	0.12				$	0.24	$	0.06				$	0.22
Weighted average shares outstanding :
Basic		75.3					75.3		75.0					75.0
Diluted		75.9					75.9		76.2					76.2

See Notes to Earnings Release attached

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JARDEN CORPORATION

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions)

	March 31, 2009		December 31, 2008
Assets
Current assets:
Cash and cash equivalents	$	267.0	$	392.8
Accounts receivable, net		876.5		894.1
Inventories		1,121.9		1,180.4
Deferred taxes on income		157.2		147.3
Prepaid expenses and other current assets		115.4		114.5
Total current assets		2,538.0		2,729.1
Property, plant and equipment, net		498.6		506.9
Goodwill		1,491.4		1,476.1
Intangible assets, net		934.5		936.6
Other assets		76.3		78.3
Total assets	$	5,538.8	$	5,727.0
Liabilities and stockholders’ equity
Current liabilities:
Short-term debt and current portion of long-term debt	$	331.6	$	431.4
Accounts payable		373.5		422.1
Accrued salaries, wages and employee benefits		119.2		142.0
Taxes on income		14.3		22.7
Other current liabilities		323.2		336.2
Total current liabilities		1,161.8		1,354.4
Long-term debt		2,434.4		2,436.9
Deferred taxes on income		234.4		232.8
Other non-current liabilities		328.5		318.7
Total liabilities		4,159.1		4,342.8
Total stockholders’ equity		1,379.7		1,384.2
Total liabilities and stockholders’ equity	$	5,538.8	$	5,727.0

See Notes to Earnings Release attached

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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in millions)

	Quarters Ended
	March 31, 2009			March 31, 2008
Cash flows from operating activities:
Net income	$	8.9		$	4.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		30.4			29.1
Other non-cash items		1.9			1.4
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable		4.1			67.0
Inventory		51.3			(85.3	)
Accounts payable		(50.0	)		6.7
Other current assets and liabilities		(45.2	)		(55.1	)
Net cash provided by (used in) operating activities		1.4			(31.5	)
Cash flows from financing activities:
Net change in short-term debt		(95.7	)		87.0
Payments on long-term debt		(4.3	)		(11.8	)
Repurchase net of proceeds from stock transactions		(0.5	)		(8.7	)
Other, net		—			(2.6	)
Net cash (used in) provided by financing activities		(100.5	)		63.9
Cash flows from investing activities:
Additions to property, plant and equipment		(21.1	)		(22.1	)
Acquisition of businesses, net of cash acquired		(3.7	)		(2.5	)
Other, net		—			(6.8	)
Net cash used in investing activities		(24.8	)		(31.4	)
Effect of exchange rate changes on cash and cash equivalents		(1.9	)		5.9
Net (decrease) increase in cash and cash equivalents		(125.8	)		6.9
Cash and cash equivalents at beginning of period		392.8			220.5
Cash and cash equivalents at end of period	$	267.0		$	227.4

See Notes to Earnings Release attached

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JARDEN CORPORATION

NET SALES AND OPERATING EARNINGS BY SEGMENT (Unaudited)

(in millions)

	Outdoor Solutions			Consumer Solutions (b)			Branded Consumables			Process Solutions			Intercompany Eliminations (a)			Total Operating Segments			Corporate/ Unallocated			Consolidated
Quarter ended March 31, 2009
Net sales	$	591.3		$	335.9		$	159.2		$	66.5		$	(14.0	)	$	1,138.9		$	—		$	1,138.9
Segment earnings (loss)	$	51.9		$	38.8		$	14.9		$	6.8		$	—		$	112.4		$	(20.9	)	$	91.5
Adjustments to reconcile to reported operating earnings(loss):
Reorganization and acquisition-related integration costs, net		(9.4	)		—			—			—			—			(9.4	)		—			(9.4	)
Depreciation and amortization		(15.9	)		(6.8	)		(4.7	)		(2.8	)		—			(30.2	)		(0.2	)		(30.4	)
Operating earnings (loss)	$	26.6		$	32.0		$	10.2		$	4.0		$	—		$	72.8		$	(21.1	)	$	51.7
	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations (a)			Total Operating Segments			Corporate/ Unallocated			Consolidated
Quarter ended March 31, 2008
Net sales	$	658.3		$	319.3		$	169.1		$	88.9		$	(18.2	)	$	1,217.4		$	—		$	1,217.4
Segment earnings (loss)	$	59.2		$	37.1		$	13.8		$	9.1		$	—		$	119.2		$	(22.1	)	$	97.1
Adjustments to reconcile to reported operating earnings(loss):
Reorganization and acquisition-related integration costs, net		(7.0	)		—			(1.2	)		(1.5	)		—			(9.7	)		(1.0	)		(10.7	)
Depreciation and amortization		(15.2	)		(6.5	)		(4.2	)		(3.0	)		—			(28.9	)		(0.2	)		(29.1	)
Operating earnings (loss)	$	37.0		$	30.6		$	8.4		$	4.6		$	—		$	80.6		$	(23.3	)	$	57.3

(a) Intersegment sales are recorded at cost plus an agreed-upon intercompany profit on intersegment sales.

(b) For the three months ended March 31, 2009, segment earnings for the Consumer Solutions segment includes $2.8 million of reorganization costs.

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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 quarter ended March 31, 2009 and 2008. For the quarter ended March 31, 2009, adjustments to net income consist of $9.4 million of reorganization and acquisition-related integration costs in the Outdoor Solutions segment and $3.9 million of amortization of acquired intangible assets. Also, included in the adjustments to net income for the quarter ended March 31, 2009 is the tax provision adjustment of $3.8 million which reflects the normalization of the adjusted results to the Company’s estimated 36% effective tax rate.

For the quarter ended March 31, 2008, adjustments to net income consist of $10.7 million of reorganization and acquisition-related integration costs and $4.0 million of amortization of acquired intangible assets. Also, included in the adjustments to net income for the quarter ended March 31, 2008 is the tax provision adjustment of $2.9 million which reflects the normalization of the adjusted results to the Company’s estimated 36% effective tax rate.

Note 2: This earnings release contains non-GAAP financial measures. 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 and other intangibles, certain reorganization and acquisition-related integration costs, non-cash stock-based compensation costs and loss on early extinguishment of debt. These non-GAAP measures should be considered in addition to, not as a substitute for, measures of financial performance prepared in accordance with GAAP.

# # #

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EX-99.2

Exhibit 99.2

JARDEN CORPORATION Reconciliation of GAAP to NON GAAP For the three months ended March 31, 2009 and 2008

	Quarters ended
(in millions)	March 31, 2009		March 31, 2008
Reconciliation of Non-GAAP measure:
Net income		8.9		4.7
Income tax provision		6.6		6.4
Interest expense, net		36.2		46.2
Depreciation and amortization		30.4		29.1
Earnings before interest, taxes, depreciation and amortization (EBITDA)		82.1		86.4
Other adjustments:
Reorganization, acquisition-related integration costs, net		9.4		10.7
As Adjusted EBITDA (Segment Earnings)	$	91.5	$	97.1
Adjusted net income	$	18.4	$	16.5
Earnings per share:
Basic	$	0.24	$	0.22
Diluted	$	0.24	$	0.22
Weighted average shares outstanding:
Basic		75.3		75.0
Diluted		75.9		76.2

EX-99.3

Exhibit 99.3

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

FOR IMMEDIATE RELEASE

JARDEN PROVIDES PRELIMINARY FIRST QUARTER 2009 RESULTS

RYE, N.Y., April 16, 2009 — Jarden Corporation (NYSE: JAH) today provided preliminary 2009 first quarter results.

The Company expects that revenue for the first quarter of 2009 will be approximately $1.14 billion as compared to $1.22 billion in the prior year. Approximately two-thirds of this difference was foreign exchange related. The first quarter segment earnings are expected to be in the range of $90 to $92 million resulting in estimated adjusted diluted earnings per share of $0.21 to $0.23.

Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation, stated, “Our belief that market leading brands in defensible niche markets fare better than their competitors in recessionary environments was borne out by Jarden’s first quarter performance. Our strong sales and segment earnings performance was on the back of organic growth within our consumer solutions business, with our other segments performing in line with expectations. While our first quarter results will not be final until we announce earnings later this month, based on the positive start to the year we believe that we will meet or exceed the analysts’ consensus estimates for as adjusted EPS for 2009. We look forward to commenting in more detail on our first quarter results during our regular quarterly conference call later this month.”

Jarden also announced that its Board approved earlier this month an early termination date for the Stockholder Rights Plan which was implemented on November 19, 2008. The Board viewed the plan as a necessary measure in response to the unprecedented market volatility that existed at the time, and as market conditions have shown signs of stability, the Company believes that accelerating the termination date for the plan to November 18, 2009 is in the best interest of our stockholders.

Jarden Corporation is a leading provider of niche consumer products. Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia®,

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Berkley®, Campingaz® and Coleman®, Fenwick®, Gulp!®, JT®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, Volkl® and Zoot®; Consumer Solutions: Bionaire®, 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®, Bicycle®, Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Loew Cornell® and Pine Mountain®. Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide. For more information, please visit www.jarden.com.

The adjustments to be made to GAAP diluted earnings per share to calculate as adjusted diluted earnings per share include adjustments to net income consisting of reorganization and acquisition-related integration costs, amortization of acquired intangible assets and a tax provision adjustment which reflects the normalization of the adjusted results to the Company’s estimated 36% effective tax rate. A quantitative reconciliation of this forward looking information to GAAP diluted earnings per share is not yet available but will be included in our press release announcing final first quarter results, to be released later this month.

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 2009 revenue, future commodity costs and margins in 2009, cash flow from operations and capital expenditures in 2009, future liquidity, adjusted earnings per share, repurchase of shares of common stock from time to time under the Company’s stock repurchase program, 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, organic growth, 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. Jarden undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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