Previous Statements by JAH
» Jarden's CEO Discusses Q1 2012 Results - Earnings Call Transcript
» Jarden's CEO Discusses Q4 2011 Results - Earnings Call Transcript
» Jarden's CEO Discusses Q3 2011 Results - Earnings Call Transcript
» Jarden's Management Discusses Q2 2011 Results - Earnings Call Transcript
Please note that the company has posted supplemental financial data slides, as well as reconciliations of certain non-GAAP to comparable 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 would like to turn the call over to Executive Chairman, Martin Franklin. Martin, please go ahead. Martin Franklin Thank you, Rachel. Good morning and thank you for joining us to discuss our second quarter and first half fiscal 2012 results. Hopefully, you have had a chance to review our second quarter earnings release issued earlier this morning. With me on the call today are Ian Ashken, our Vice Chairman and Chief Financial Officer; and Jim Lillie, our Chief Executive Officer. We are pleased to report another record sales and earnings quarter, which continued our positive momentum from the first quarter of the year. Our consistent ability to achieve and many times exceed expectations clearly demonstrates the strength of our diversified business model. The seasonal staple, or consumable nature of many of our products that we offer and most importantly the loyalty consumers have to our brands. These factors combined with our operating businesses, ability to continue to execute from both our targeted growth initiatives, as well as our cooperation, allowed us to successfully navigate the continuing economic challenges and deliver a solid performance during the quarter. Ian and Jim will discuss the specifics of our operational performance, but I wanted to comment on how pleased I am that Jarden continues to deliver on its financial goals while maintaining a strong balance sheet. Our focus on working capital management resulted in Jarden reporting a second highest cash flow from operations for any second quarter only exceeded by the exceptional cash flow we produced in 2009. The driver of our consistent profitable growth in the quarter was our continued ability to optimize the performance of our existing businesses, as we did not complete any acquisitions or undertake any meaningful capital markets activity.
Retailers and consumers continued to recognize our brand for innovation and performance. This has led to study market share gains as we grow our sales within existing doors and execute on opportunities to expand the products we offer to increase our channel and geographic reach. As an illustration of the success many of our businesses are enjoying, I would like to highlight the strong performance in the couple of our businesses during this quarter.As we celebrate the 125th anniversary of the Rawlings brand in 2012. We are also proud to have earned two weeks in industry awards, which recognize our capabilities. First, we have received the National Sporting Goods Association, All-Star Catalyst Award, for our efforts in co-founding the National Sports Concussion Cooperative, an organization which is committed to helping protect athletes from concussions in sports. We believe this award is a reflection of our leadership and in research and developing protective technologies, as well as the tremendous trust, the consumers, professional athletes, and retailers have in our brands and our products. Second, we received the highest possible best available 5-star rank for Rawlings New NRG Quantum Plus Football Helmet and either 4 or 5-star ratings for all three of the adult-sized helmets introduced in the last year. These nationally recognized rankings issued by the Virginia Polytechnic Institute follow extensive product testing and take it for a multi-year period and represent a consistent standard used by consumers to make better informed decisions regarding their purchases. This recognition also confirms our ability to execute on the transfer of Rawlings technological advances from baseball to football. These accolades received by Rawlings are illustrations of the success we are having at many of our business units, based on our commitments to investing behind our products and brands. The first-half of 2012 saw another record level of investment to help drive future new product developments and growth. We are also proud to have recognized during the second quarter by Fortune magazine and balance [ph]. Read the rest of this transcript for free on seekingalpha.com