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

Exhibit 99.2

JARDEN CORPORATION

Reconciliation of Non-GAAP Financial Measures

For the quarters ended March 31, 2015 and 2014

in millions

Segment earnings:

	Quarters ended
	March 31, 2015			March 31, 2014
Net income (loss)	$	(55.5	)	$	3.7
Income tax provision (benefit)		(28.2	)		5.5
Interest expense, net		52.9			54.0
Depreciation and amortization		47.5			45.6
Earnings before interest, taxes, depreciation and amortization (EBITDA)		16.7			108.8
Other adjustments:
Restructuring costs, net		2.6			0.3
Acquisition-related and other costs, net		19.1			13.2
Venezuela related charges (a)		60.6			4.0
Segment earnings (As Adjusted EBITDA)	$	99.0		$	126.3

(a) Venezuela non-cash impairment, balance sheet remeasurement and deconsolidation charges in 2015, and foreign exchange losses on Venezuela cash conversion in 2014.

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 quarter ended March 31, 2015:

	Quarter ended March 31, 2015
	Branded			Consumer			Outdoor			Process
	Consumables			Solutions			Solutions			Solutions			Eliminations			Consolidated
Net sales growth (decrease)		3.8	%		10.2	%		(8.7	)%		1.8	%		7.8	%		—
Foreign exchange impacts		5.9	%		4.8	%		5.7	%		0.4	%		—			5.3	%
(Acquisitions)/exited businesses and other, net		—			(2.8	)%		—			—			—			(0.6	)%
Organic net sales growth		9.7	%		12.2	%		(3.0	)%		2.2	%		7.8	%		4.7	%
Excluding impact of Cadence		—			(7.8	)%		—			—			—			(1.5	)%
Organic net sales growth, excluding impact of Cadence		9.7	%		4.4	%		(3.0	)%		2.2	%		7.8	%		3.2	%

Adjusted gross margins:

	Quarters ended
	March 31, 2015			March 31, 2014			Increase/ (Decrease)
Gross margins as reported		28.9	%		29.7	%		(0.8	)%
Acquisition-related and other costs, net		0.9	%		0.7	%		0.2	%
Adjusted gross margins		29.8	%		30.4	%		(0.6	)%

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

	Quarters ended
	March 31, 2015			March 31, 2014			Increase/ (Decrease)
Reported selling, general and administrative cost as a percent of sales		30.5	%		26.0	%		4.5	%
Acquisition-related and other costs, net		(0.2	)%		(0.1	)%		(0.1	)%
Venezuela related charges		(3.5	)%		(0.2	)%		(3.3	)%
Amortization of acquired intangibles		(0.5	)%		(0.3	)%		(0.2	)%
Adjusted selling, general and administrative cost as a percent of sales		26.3	%		25.4	%		0.9	%

2015 Adjusted diluted earnings per share:

Adjusted diluted earnings per share is calculated based on GAAP earnings per diluted share but excluding the impact of certain restructuring, non-operational and non-cash charges and credits. At this time, management is not able to estimate the aggregate impact, if any, of these items in 2015 and therefore is not able to provide a corresponding GAAP equivalent for its adjusted earnings per diluted share guidance.