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Jarden Provides First Quarter 2008 Update

RYE, N.Y., April 15 PRNewswire-FirstCall — Jarden Corporation (NYSE: JAH) today provided an update on its financial results for the quarter ended March 31, 2008.

For the quarter ended March 31, 2008, net sales were $1.2 billion, an increase of approximately 47% over the same period in the prior year.

Martin E. Franklin, Chairman and Chief Executive Officer, commented, "While we continue to see significant macro economic challenges, we believe our performance in this environment reflects the strength of our leading brands and the defensible nature of our core categories. As budgeted, our Outdoor Solutions segment showed organic growth during the quarter while our other business segments showed a year-over-year decline. We are pleased to report that the anticipated synergies from the integration of K2 are being realized ahead of schedule and these savings helped drive our bottom line performance. While our first quarter results will not be final until we fully announce earnings next month, we remain comfortable that we will meet or exceed the analysts' consensus estimates for continuing EPS for first quarter 2008."

Mr. Franklin continued, "We look forward to commenting in more detail on our first quarter results during our regularly scheduled quarterly conference call on May 8, 2008. Our performance in the first quarter strengthens our belief that our diversified portfolio of authentic products positions Jarden well to perform better than the overall categories we serve, in tough as well as good economies."

Jarden had intended to present at an investor conference later today, however, due to a scheduling conflict, management was unable to attend.

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(R), Berkley(R), Campingaz(R) and Coleman(R), Fenwick(R), Gulp(R), JT(R), K2(R), Marker(R), Marmot(R), Mitchell(R), Penn(R), Rawlings(R), Shakespeare(R), Stearns(R), Stren(R), Trilene(R) and Volkl(R); Consumer Solutions: Bionaire(R), Crock-Pot(R), FoodSaver(R), Harmony(R), Health o meter(R), Holmes(R), Mr. Coffee(R), Oster(R), Patton(R), Rival(R), Seal-a-Meal(R), Sunbeam(R), VillaWare(R) and White Mountain(TM); and Branded Consumables: Ball(R), Bee(R), Bicycle(R), Crawford(R), Diamond(R), Dicon(R), First Alert(R), Forster(R), Hoyle(R), Kerr(R), Lehigh(R), Leslie-Locke(R), Loew-Cornell(R) and Pine Mountain(R). Headquartered in Rye, N.Y., Jarden has over 25,000 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 EPS from continuing operations, 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, 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, including K2 Inc.. 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.

SOURCE Jarden Corporation

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