Jarden Q4 net income increases

Jarden Corporation, a consumer products company, has reported a net income of $48.7 million, or $0.64 per diluted share, for the fourth quarter ended December 31, 2012, compared to $21.1 million, or $0.24 per diluted share, for the same quarter ended December 31, 2011.

Net sales for the fourth quarter ended December 31, 2012 were $1.82 billion, compared to $1.74 billion for the same quarter ended December 31, 2011.

Net income for the year ended December 31, 2012 was $243.9 million, or $3.10 per diluted share, compared to $204.7 million, or $2.31 per diluted share, for the year ended December 31, 2011.

Net sales for the year ended December 31, 2012 were $6.7 billion, compared to $6.68 billion for the year ended December 31, 2011.

"During 2012, Jarden once again delivered record revenues, segment earnings and adjusted earnings per share and finished the year with a record level of cash," said Martin Franklin, executive chairman.

"We are also proud to have been 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. Looking forward, we believe there are many exciting opportunities for Jarden to continue to deliver long-term growth and expand profitability based on the strength of our diversified portfolio of leading brands, new product introductions and the hard work and dedication of our employees."