Ball Corporation

BALL
Sector

Consumer Discretionary

Industry

Packaging & Containers

Market Cap

$16.44B

Employees

21K

Company Overview

Ball Corporation is a leading global supplier of sustainable aluminum packaging solutions, primarily for the beverage, personal care, and household products industries. The company leverages its manufacturing footprint and customer relationships to produce aluminum beverage containers, aerosol containers, and recloseable aluminum bottles. Ball operates in key markets across North America, Europe, South America, and Asia.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

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.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights