Jarden Corp. (JAH) Prelim. Revenue Flat with Expectations

Jarden Corporation (NYSE: JAH), and Newell Rubbermaid (NYSE: NWL) on December 14, 2015 announced that they entered into a definitive agreement to combine the two companies. The transaction creates a $16 billion consumer goods company to be named Newell Brands and is expected to close in the second quarter of 2016.

Jarden expects to file a Form 10-K toward the end of February, 2016. In that filing Jarden will report final net sales and earnings for 2015. Consistent with its guidance, the Company expects that net sales for 2015 will be approximately $8.6 billion. The Company expects organic revenue growth to be at the higher end of its targeted range of 3-5% and adjusted earnings per share to exceed current Wall Street consensus estimates. The Company anticipates generating cash flow from operations towards the higher end of its previously provided 2015 guidance.

*** The Street sees FY15 sales of $8.66 billion.

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