Jarden (JAH) 8-K Jarden Reports Third Quarter Results

Exhibit 99.2

	JARDEN CORPORATION
	Reconciliation of Non-GAAP Financial Measures
	For the three and nine months ended September 30, 2014 and 2013
	in millions

Segment earnings:

	For the three months ended				For the nine months ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Net income	$	108.6	$	94.9	$	164.4	$	166.9
Income tax provision		68.8		51.9		105.0		94.3
Interest expense, net		52.7		47.5		159.6		143.3
Loss on early extinguishment of debt		—		—		54.4		25.9
Depreciation and amortization		48.1		39.6		140.8		115.8
Earnings before interest, taxes, depreciation and amortization (EBITDA)		278.2		233.9		624.2		546.2
Other adjustments:
Fair market value adjustment to inventory		12.3		5.9		13.6		10.9
Restructuring costs, net		0.5		3.0		3.1		4.4
Acquisition-related and other costs		14.1		6.8		35.4		6.8
Foreign exchange-related charges (a)		3.3		—		16.9		29.0
Segment earnings (As Adjusted EBITDA)	$	308.4	$	249.6	$	693.2	$	597.3

	For the three months ended
	September 30, 2014			September 30, 2013			Increase/ (Decrease)
Net sales	$	2,142.2		$	1,800.8
Segment earnings (As Adjusted EBITDA)		308.4			249.6			58.8
Segment earnings (As Adjusted EBITDA) margin		14.4	%		13.9	%		0.5	%

(a) Foreign exchange losses on Venezuela cash conversion in 2014 and Venezuela devaluation-related charges in 2013.

Organic net sales:

Organic net sales growth is a non-GAAP measure of net sales growth excluding the impacts of foreign exchange, certain acquisitions and exited businesses from year-over-year comparisons. The Company believes this measure provides investors with a more complete understanding of the underlying sales trends by providing net sales on a consistent basis. Organic net sales growth is also one of the measures used by management to analyze operating performance. The following tables provide reconciliation of organic net sales growth to the comparable GAAP measure of net sales growth for the three, nine and trailing twelve months ended September 30, 2014:

	For the three months ended September 30, 2014
	Branded			Consumer			Outdoor			Process
	Consumables			Solutions			Solutions			Solutions			Eliminations			Consolidated
Net sales growth		50.3	%		14.0	%		1.3	%		2.4	%		7.2	%		19.0	%
Foreign exchange impacts		0.7	%		0.5	%		0.3	%		(0.3	)%		—			0.4	%
(Acquisitions)/exited businesses and other, net		(42.3	)%		(3.5	)%		—			—			—			(13.0	)%
Organic net sales growth		8.7	%		11.0	%		1.6	%		2.1	%		7.2	%		6.4	%
	For the nine months ended September 30, 2014
	Branded			Consumer			Outdoor			Process
	Consumables			Solutions			Solutions			Solutions			Eliminations			Consolidated
Net sales growth		43.7	%		4.4	%		0.5	%		3.8	%		7.4	%		13.8	%
Foreign exchange impacts		0.6	%		1.3	%		0.6	%		(0.4	)%		—			0.7	%
(Acquisitions)/exited businesses and other, net		(38.0	)%		(1.4	)%		—			—			—			(11.0	)%
Organic net sales growth		6.3	%		4.3	%		1.1	%		3.4	%		7.4	%		3.5	%

Trailing twelve months ended September 30, 2014	Consolidated
Net sales growth		15.9	%
Foreign exchange impacts		1.1	%
(Acquisitions)/exited businesses and other, net		(13.4	)%
Organic net sales growth		3.6	%

Adjusted gross margin:

	For the three months ended
	September 30, 2014			September 30, 2013			Increase/ (Decrease)
Gross margin as reported		31.4	%		29.1	%		2.3	%
Fair market value adjustment to inventory		0.6	%		0.3	%		0.3	%
Acquisition-related and other costs		0.3	%		—			0.3	%
Accelerated depreciation		—			0.1	%		(0.1	)%
Adjusted gross margin		32.3	%		29.5	%		2.8	%

Adjusted gross margins by segments:

	For the three months ended September 30, 2014
	Branded			Consumer			Outdoor			Process
	Consumables			Solutions			Solutions			Solutions			Consolidated
Gross margins as reported		36.8	%		26.0	%		31.6	%		15.6	%		31.4	%
Fair market value adjustment to inventory		0.2	%		1.8	%		—			—			0.6	%
Acquisition-related and other costs		—			—			0.9	%		—			0.3	%
Adjusted gross margins		37.0	%		27.8	%		32.5	%		15.6	%		32.3	%
	For the three months ended September 30, 2013
	Branded			Consumer			Outdoor			Process
	Consumables			Solutions			Solutions			Solutions			Consolidated
Gross margins as reported		30.7	%		26.1	%		31.3	%		16.0	%		29.1	%
Fair market value adjustment to inventory		—			—			0.9	%		—			0.3	%
Accelerated depreciation		—			0.3	%		0.2	%		—			0.1	%
Adjusted gross margins		30.7	%		26.4	%		32.4	%		16.0	%		29.5	%

Adjusted selling, general administrative expenses as a percent of sales:

	For the three months ended
	September 30, 2014			September 30, 2013			Increase/ (Decrease)
Reported SG&A as a percent of sales		20.7	%		18.1	%		2.6	%
Acquisition-related and other costs		(0.4	)%		(0.4	)%		—
Foreign exchange-related charges		(0.2	)%		—			(0.2	)%
Amortization of acquired intangibles		(0.3	)%		(0.2	)%		(0.1	)%
Adjusted SG&A as a percent of sales		19.8	%		17.5	%		2.3	%