Jarden Q4 EPS Tops View - Quick Facts

(RTTNews) - Consumer products firm Jarden Corp. (JAH) said fourth-quarter net income declined to $37.0 million or $0.29 per share from $48.7 million or $0.43 per share last year. Adjusted earnings per share totaled $1.31, while it amounted to $0.85 last year. On average, 13 analysts polled by Thomson Reuters expected earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.

Jarden noted that earnings per share have been adjusted to reflect the effect of the 3-for-2 split of the company's outstanding shares of common stock that occurred in the first quarter of 2013.

Net sales increased to $2.217 billion from $1.819 billion in the prior year. Wall Street expected revenues of $2.24 billion. Martin Franklin, Executive Chairman, said, "The fourth quarter included several noteworthy accomplishments including the completion of the Yankee Candle acquisition. We are proud to once again be the top performing consumer stock as compared to Household and Personal Care peers in the S&P 500 Consumer Staples Index for 2013 on a one-, five-, and ten-year basis.''