- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- ING Prices Share Issue at Hefty Discount
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- Tommy Hilfiger's Estate in Conn. Sells for $20 Million
- Cheap Robotic Hamsters Are Holiday's Unlikely Craze
- Almunia Set to Take Neelie Kroes' EU Competition Job
- Fannie Mae to Tighten Lending Standards: Report
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- US Markets Bracing for Selloff On Worries About Dubai's Debt
- No Thanksgiving Rest for Retailers in Sales Race
- More Asia Executives Resigned to Economy Flights: Survey
- Attraction of Switzerland to Businesses
- UK's Darling to Downgrade 2009 Growth Forecast
- Oil Falls Toward $73 Amid Dubai Debt Jitters
Text Size 
Small appliances and consumer goods company Jarden said on Wednesday it would buy sports equipment maker K2 [KTO
Loading...
()
]
It said including debt assumption, the total enterprise value of the deal would be about $1.2 billion.
Jarden [JAH
Loading...
()
] also said that quarterly net income fell on one-time items, including reorganization and acquisition-related costs and a tax provision adjustment.
The company, which markets a variety of brands including Mr. Coffee, Sunbeam and newly acquired Pure Fishing, said net income for the first quarter ended March 31 was $1.4 million or 2 cents a share, compared with $5.7 million or 9 cents a share in the year-ago quarter.
On an adjusted basis, the company earned $21.4 million or 30 cents a share. Adjustments to net income consist of $9.1 million in reorganization and acquisition-related costs, $6.8 million in stock-based compensation expense, and other tax provision adjustments and charges related to paying off debt, Jarden said.
Print
Email
- What you need to know.
- Social enterprises are becoming a new asset class for the ethically-minded.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes