Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JARDEN CORP | d8k.htm |
| EX-99.1 - PRESS RELEASE OF JARDEN CORPORATION - JARDEN CORP | dex991.htm |
Exhibit 99.2
|
Reconciliation of GAAP to NON GAAP For the Quarters ended March 31, 2011 and 2010 |
| Quarters ended | ||||||||
| (in millions) | March 31, 2011 |
March 31, 2010 |
||||||
| Reconciliation of Non-GAAP measure: |
||||||||
| Net income (loss) |
$ | 19.0 | $ | (59.0 | ) | |||
| Income tax provision (benefit) |
11.8 | (9.9 | ) | |||||
| Interest expense, net |
45.1 | 40.2 | ||||||
| Loss on early extinguishment of debt |
12.8 | — | ||||||
| Depreciation and amortization |
40.1 | 30.9 | ||||||
| Earnings before interest, taxes, depreciation and amortization (EBITDA) |
128.8 | 2.2 | ||||||
| Other adjustments: |
||||||||
| Manufacturers’ profit in inventory |
5.3 | — | ||||||
| Transaction costs |
— | 21.1 | ||||||
| Venezuela hyperinflationary and devaluation charges |
— | 78.1 | ||||||
| As Adjusted EBITDA (Segment earnings) |
$ | 134.1 | $ | 101.4 | ||||
Organic sales growth is a non-GAAP measure of net sales growth excluding the impacts of foreign exchange and significant acquisitions from year over year comparisons. The Company believes this measure provides investors with a more complete understanding of the underlying sales trends by providing net sales on a consistent basis. Organic sales growth is also one of the measures used by management to analyze operating performance. The following table provides a reconciliation of organic sales growth for the quarter ended March 31, 2011:
| Outdoor Solutions |
Consumer Solutions |
Branded Consumables |
Process Solutions | Elimination | Consolidated | |||||||||||||||||||
| Reconciliation of Non-GAAP measure: |
||||||||||||||||||||||||
| Net sales growth |
10.3 | % | 2.8 | % | 128.4 | % | 8.9 | % | 20.5 | % | 24.7 | % | ||||||||||||
| Foreign exchange impacts |
(1.3 | %) | (0.9 | %) | (0.4 | %) | (0.1 | %) | — | % | (1.0 | %) | ||||||||||||
| Less: Acquisitions |
(3.2 | %) | — | % | (132.3 | %) | — | % | — | % | (20.4 | %) | ||||||||||||
| Organic sales growth |
5.8 | % | 1.9 | % | (4.3 | %) | 8.8 | % | 20.5 | % | 3.3 | % | ||||||||||||