Attached files
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| EX-99.1 - PRESS RELEASE OF JARDEN CORPORATION, DATED APRIL 25, 2012 - JARDEN CORP | d338975dex991.htm |
| 8-K - FORM 8-K - JARDEN CORP | d338975d8k.htm |
Exhibit 99.2
JARDEN CORPORATION
Reconciliation of GAAP to NON GAAP
For the quarters ended March 31, 2012 and 2011
| Quarters ended | ||||||||
| (in millions) |
March 31, 2012 |
March 31, 2011 |
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| Reconciliation of Non-GAAP measure: |
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| Net income |
$ | 35.1 | $ | 19.0 | ||||
| Income tax provision |
21.8 | 11.8 | ||||||
| Interest expense, net |
44.7 | 45.1 | ||||||
| Loss on early extinguishment of debt |
— | 12.8 | ||||||
| Depreciation and amortization |
35.9 | 40.1 | ||||||
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| Earnings before interest, taxes, depreciation and amortization (EBITDA) |
137.5 | 128.8 | ||||||
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| Other adjustments: |
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| Fair market value adjustment to inventory |
— | 5.3 | ||||||
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| AS ADJUSTED EBITDA (“Segment Earnings”) |
$ | 137.5 | $ | 134.1 | ||||
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Organic net sales growth is a non-GAAP measure of net sales growth excluding the impacts of foreign exchange, significant acquisitions and exited business 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 net sales growth is also one of the measures used by management to analyze operating performance. The following table provides a reconciliation of organic net sales growth to the comparable GAAP measure of net sales growth for the quarter ended March 31, 2012:
| For the quarter ending March 31, 2012 | ||||||||||||||||||||||||
| Outdoor Solutions |
Consumer Solutions |
Branded Consumables |
Process Solutions |
Elimination | Consolidated | |||||||||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net sales growth |
(1.1 | %) | 0.3 | % | 4.3 | % | 3.2 | % | 6.9 | % | 0.8 | % | ||||||||||||
| Foreign exchange impacts |
0.7 | % | 0.5 | % | 1.9 | % | 0.2 | % | — | % | 1.0 | % | ||||||||||||
| (Acquisitions)/Exit of business |
2.0 | % | 0.8 | % | — | % | — | % | — | % | 1.1 | % | ||||||||||||
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| Organic net sales growth |
1.6 | % | 1.6 | % | 6.2 | % | 3.4 | % | 6.9 | % | 2.9 | % | ||||||||||||
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