Consumer Discretionary
Packaging & Containers
$16.44B
21K
Key insights and themes extracted from this filing
Net sales decreased from $3,111 million in Q3 2023 to $3,082 million in Q3 2024, and from $9,159 million to $8,915 million for the nine months ended September 30, 2023 and 2024. The decrease was primarily due to lower aluminum prices.
Net earnings attributable to Ball Corporation decreased from $203 million in Q3 2023 to $197 million in Q3 2024. However, for the nine months ended September 30, 2024, net earnings increased significantly to $4,040 million from $553 million in the same period of 2023, primarily due to the gain on the sale of the aerospace business.
Business consolidation and other activities resulted in charges of $85 million and $171 million for the three and nine months ended September 30, 2024, respectively, compared to $29 million and $43 million for the same periods in 2023. These charges are primarily related to facility closure costs and costs for employee severance.