Attached files
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| EX-99.1 - PRESS RELEASE OF JARDEN CORPORATION DATED JULY 24, 2012 - JARDEN CORP | d383289dex991.htm |
| 8-K - FORM 8-K - JARDEN CORP | d383289d8k.htm |
Exhibit 99.2
| JARDEN CORPORATION RECONCILIATION OF GAAP TO NON-GAAP (In millions) | ||
| For the three months ended | For the six months ended | |||||||||||||||
| June 30, 2012 | June 30, 2011 | June 30, 2012 | June 30, 2011 | |||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net income |
$ | 83.2 | $ | 73.9 | $ | 118.3 | $ | 92.9 | ||||||||
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| Income tax provision |
48.1 | 45.0 | 69.9 | 56.8 | ||||||||||||
| Interest expense, net |
45.0 | 46.0 | 89.7 | 91.1 | ||||||||||||
| Loss on early extinguishment of debt |
— | — | — | 12.8 | ||||||||||||
| Depreciation and amortization |
35.3 | 41.3 | 71.2 | 81.4 | ||||||||||||
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| Earnings before interest, taxes, depreciation and amortization (EBITDA) |
211.6 | 206.2 | 349.1 | 335.0 | ||||||||||||
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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) |
$ | 211.6 | $ | 206.2 | $ | 349.1 | $ | 340.3 | ||||||||
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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 three and six months
ended June 30, 2012:
| For the three months ended June 30, 2012 | ||||||||||||||||||||||||
| Outdoor Solutions | Consumer Solutions | Branded Consumables | Process Solutions | Eliminations | Consolidated | |||||||||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net sales growth |
(3.3 | )% | 3.5 | % | 1.2 | % | 11.9 | % | 17.1 | % | 0.1 | % | ||||||||||||
| Foreign exchange |
1.8 | % | 1.7 | % | 4.6 | % | 0.1 | % | — | 2.4 | % | |||||||||||||
| (Acquisitions)/Exited business, net |
2.2 | % | 0.8 | % | — | — | — | 1.2 | % | |||||||||||||||
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| Organic net sales growth |
0.7 | % | 6.0 | % | 5.8 | % | 12.0 | % | 17.1 | % | 3.7 | % | ||||||||||||
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| For the six months ended June 30, 2012 | ||||||||||||||||||||||||
| Outdoor Solutions | Consumer Solutions | Branded Consumables | Process Solutions | Eliminations | Consolidated | |||||||||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net sales growth |
(2.3 | )% | 2.0 | % | 2.6 | % | 7.6 | % | 11.8 | % | 0.4 | % | ||||||||||||
| Foreign exchange |
1.3 | % | 1.2 | % | 3.4 | % | 0.2 | % | — | 1.8 | % | |||||||||||||
| (Acquisitions)/Exited business, net |
2.1 | % | 0.8 | % | — | — | — | 1.1 | % | |||||||||||||||
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| Organic net sales growth |
1.1 | % | 4.0 | % | 6.0 | % | 7.8 | % | 11.8 | % | 3.3 | % | ||||||||||||
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