Sunbeam 2006 Annual Report Download - page 29

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following “Overview” section is a brief summary of the significant items addressed in Management’s Discussion and Analysis of Financial Condition and
Results of Operations (“MD&A”). Investors should read the relevant sections of this MD&A for a complete discussion of the items summarized below. The entire
MD&A should be read in conjunction with Item 6.Selected Financial Data and Item 8. Financial Statements and Supplementary Data appearing elsewhere in this
Annual Report on Form 10-K.
OVERVIEW
Jarden Corporation is a leading provider of primarily niche consumer products used in and around the home. Jarden
currently operates in three primary business segments: Branded consumables, Consumer solutions, and Outdoor solutions.
During the first quarter of 2006,management changed the Company’s reportable segments to reflect the new structure of the
organization and the manner in which the chief operating decision maker regularly assesses information for decision-making
purposes, including the allocation of resources. As a result, the First Alert business was moved from the Consumer solutions
segment to the Branded consumables segment. During 2006,the Company changed the manner in which it measures segment
operating performance to be “segment earnings”. All prior periods have been reclassified to conform to current reporting
structure and performance measures.
We manufacture or source, market and distribute a broad line of branded consumer products, many of which are afford-
able, consumable and fundamental household staples including arts and crafts paint brushes, children’s card games, clothes-
pins, collectible tins, firelogs and firestarters, home safety equipment, home canning jars, jar closures, kitchen matches, other
craft items, plastic cutlery, playing cards and accessories, rope, cord and twine, storage and workshop accessories, toothpicks
and other accessories. This segment markets our products under the Aviator®, Ball®, Bee®, Bernardin®, Bicycle®, BRK®,
Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, KEM®, Kerr®, Lehigh®, Leslie-Locke®, Loew-Cornell®
and Pine Mountain® brand names, among others.
We manufacture or source, market, distribute and license rights to an array of innovative consumer products that are
designed to improve consumers’ lives by enhancing sleep, health, personal care, cooking and other daily necessities with lead-
ing products such as coffee makers, bedding, home vacuum packaging machines, heating pads, slow cookers, air cleaning
products, fans and heaters and personal and animal grooming products, as well as related consumable products. Wesell
kitchen products under the well-known Crock-Pot®, FoodSaver®, Mr. Coffee®, Oster®, Rival®, Seal-a-Meal®, Sunbeam®,
VillaWare® and White Mountain™ brand names. Personal care and grooming products are sold under the Health o meter®,
Oster® and Sunbeam® brand names. Our portable air cleaning products are sold under the Bionaire® and Harmony® brand
names, and our fans and heaters are sold under the Holmes® and Patton® brand names.
In the Outdoor solutions segment, the Company manufactures or sources, markets and distributes outdoor leisure prod-
ucts worldwide under the Campingaz® and Coleman® brand names for use outside the home or away from the home, such as
products for camping, backpacking, tailgating, backyardgrilling and other outdoor activities.
The Process solutions segment (formerly referred to as the “Other” segment) primarily consists of a plastic consumables
business which manufactures, markets and distributes a wide variety of consumer and medical plastic products for original
equipment manufacturer customers and its primary business segments, and its zinc strip business, which is the largest produc-
er of zinc strip and fabricated products in North America, including plated blanks for circulation coinage.
ACQUISITIONS
During 2006,2005, and 2004,the Company completed a number of acquisitions that by nature are complementary to the
Company’s core businesses and from an accounting standpoint were not significant individually or in the aggregate.
Hereafter, these acquisitions are referred to as “tuck-in” acquisitions.
2006 Activity
During 2006,the Company completed four tuck-in acquisitions, three in the Branded consumables segment and one in
the Consumer solutions segment.
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Management’s Discussion and Analysis
Jarden Corporation 2006 Annual Report