Jarden Corporation is reporting that its fourth-quarter revenue will probably be higher than expected. The company, which owns sports brands including K2, Marmot, Rawlings, Völkl and Coleman, had previously said sales from the period would be $1.3 billion, but it now says it will be slightly higher.
For all of 2008, Jarden says revenues will be $5.35 billion. It finished the year with $360 million in of cash on its balance sheet. Official figures for the fourth quarter and the year will not be released until Feb. 12.
The magazine BusinessWeek has named Jarden Corporation to its annual list of the World’s Most Influential Companies. It called it a “master” in the consumer goods industry. BusinessWeek worked with a panel of 14 scholars, consultants and industry leaders from around the world to formulate the list of 10, which consists of companies with exceptional strategies in their fields, successful now as well as affecting their industry’s landscape for years to come. Jarden controls brands such as Coleman, Camping Gaz, K2, Marmot, Völkl, Tubbs, Atlas and Ex Officio among others. Most recently, K2 acquired Zoot, the brand for triathlon apparel and footwear.