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Jarden's CEO Discusses Q1 2012 Results - Earnings Call Transcript

For more information please also refer to the risk factors discussed in Jarden’s From 10-K. Please note that the company has listed supplemental financial data slides, as well as reconciliations of certain non-GAAP comparable to GAAP financial measures to its website. The presentation can be downloaded in the section “For Investors” on Jarden’s website under the “Presentations” heading.

And now, I’d like to turn the call over to Executive Chairman, Martin Franklin. Martin, please go ahead.

Martin Franklin

Thank you, Rachel. Good afternoon ladies and gentlemen. With me on the call today are Ian Ashken, our Vice Chairman and CFO; and Jim Lillie, our CEO. Hopefully, you’ve all had a chance to review the earnings release we issued earlier this afternoon.

We are pleased to report an encouraging start to the year, with strong positive momentum and while Q1 is our seasonally smallest quarter, we believe we are on track to achieve our principal, strategic and financial objectives for fiscal 2012.

As I have stated previously, at Jarden we rely on three primary drivers and our efforts to deliver consistent profitable growth for our shareholders. Optimizing the performance of our existing business, pursuing a disciplined acquisition strategy and effectively managing our capital structure.

Q1 included several noteworthy accomplishments in each of these areas. First as Jim will highlight further, our businesses continue to perform. Our commitment to investing in new product development remains fundamental to Jarden’s DNA and a key parts of our success.

Some of you may have seen a sample of our recent innovations on display during our Media Day for new products held in New York in February. During that event we displayed over 100 new products from across all of our business segments, including several Nook Infant and Toddler feeding products, incorporating the latest orthodontic technology, the next generation of Coleman Roadtrip Grills and smaller, more powerful, LED Flashlights and CPX series.

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