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2 Jarden Corporation Annual Report 2012
Dear Fellow Shareholders
We are pleased to report that
2012 marked another year of
strong financial performance
across Jarden. Jarden achieved
record levels of sales and
profitability fueled by new
products and a continued
focus on improvements in our
operations. We finished the year
with $6.7 billion in net sales,
a 70 basis point improvement
in adjusted gross margins, an
over 20% increase in EPS and
approximately $1 billion of cash
on hand. It is also satisfying to
report that Jarden was among
the top five performing stocks
compared to the S&P 500
Consumer Staples Index for 2012
on a one, five and ten year basis.
One of the strengths of our
business is its strong cash
flow generation which allowed
us to continue to grow our
reinvestments in the business,
repurchase over $550 million of
our stock, while staying within
our stated leverage ratio target.
We continue to view our own
stock as an attractive investment
opportunity compared to
many of the outside acquisition
opportunities that we evaluate on
a regular basis.
We also completed Jarden’s first
convertible notes offering in 2012,
which was a timely and successful
addition to our capital structure.
We believe the positive reaction
of the markets during 2012 to all
facets of our capital structure
is a strong endorsement of our
long-term view of our balance
sheet and our investment needs,
as well as our philosophy of
accessing the capital markets on
an opportunistic basis.
For over a decade now, Jarden
has delivered revenue and
earnings growth while staying
true to the core principles upon
which the business was founded
in 2001. We articulated our unique
culture on paper for the first
time in 2007 outlining the key
attributes that make up Jarden’s
DNA. On the fifth anniversary of
the introduction of Jarden’s DNA,
we are proud to highlight the
eight core strands in this year’s
annual report and communicate
to you how these pieces
contribute to the Company’s high
level of performance.
First, we “Strive to be Better”.
We are constantly seeking
to improve our products, our
performance and our interactions
with customers, employees,
suppliers and the communities in
“For over a decade now,
Jarden has delivered
revenue and earnings
growth while staying true
to the core principles upon
which the business was
founded in 2001.”
Oce of the Chairman
Martin E. Franklin (Center)
Founder
Executive Chairman
Ian G.H. Ashken (Left)
Co-Founder
Vice Chairman
Chief Financial Officer
James E. Lillie (Right)
Chief Executive Officer