Ball Corp

BALL

Equity

ISIN US0584981064 / Valor 910957

New York Stock Exchange, Inc (2024-12-26)

USD 56.19+0.05%

Ball Corp
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About company

Ball Corp is a global company that provides sustainable aluminum packaging solutions for various industries such as beverage, personal care, and household products. With a history dating back to 1880, the company has a workforce of over 16,000 employees worldwide and is publicly traded on the New York Stock Exchange under the ticker symbol BALL. As a leading player in the packaging industry, Ball Corp focuses on delivering innovative and environmentally friendly packaging solutions to its customers.

Summarized from source with an LLMView SourceSector: Industrials

Earnings Per Share

Ball Corp reported its third quarter 2024 U.S. GAAP total diluted earnings per share at 65 cents, a slight increase from 64 cents in the same quarter of 2023. The comparable diluted earnings per share for the third quarter of 2024 was 91 cents, up from 83 cents in 2023, indicating a positive trend in earnings performance.

Net Earnings and Sales

For the third quarter of 2024, Ball Corp's net earnings attributable to the corporation were $197 million, compared to $203 million in the same period of 2023. The company reported sales of $3.08 billion for the third quarter of 2024, slightly down from $3.11 billion in 2023, reflecting a minor decrease in sales volume.

Shareholder Returns

Ball Corp returned $1.25 billion to shareholders through share repurchases and dividends in the first nine months of 2024. The company is on track to return over $1.6 billion to shareholders by the end of the year, demonstrating a strong commitment to shareholder value.

Segment Performance

In the third quarter of 2024, Ball Corp's Beverage Packaging, North and Central America segment reported comparable operating earnings of $203 million on sales of $1.46 billion. This was an increase from $196 million in earnings on $1.54 billion in sales during the same period in 2023, driven by favorable price/mix despite lower volumes.

Future Outlook

Ball Corp is positioned to achieve mid-single digit plus comparable diluted earnings per share growth in 2024, with plans to generate strong free cash flow and EVA. The company aims to continue returning significant value to shareholders through share repurchases and dividends, while leveraging its strengths in aluminum packaging to drive long-term growth.

Summarized from source with an LLMView Source

Key figures

-2.46%1Y

-37.6%3Y

-13.4%5Y

Performance

23.0%1Y

33.3%3Y

32.9%5Y

Volatility