Ball Stock Price, News & Analysis

Ball Corporation, on November 9, 2022, announced an underwritten public offering of $750 million in Senior Notes due 2028. Proceeds will contribute to repaying $528 million of existing Euro-denominated Senior Notes and approximately $200 million in outstanding borrowings under its U.S. revolving credit facility. The timing and terms of the offering are contingent on market conditions. The offering is managed by top financial institutions such as BofA Securities and Goldman Sachs, under a previously effective shelf registration statement.

Ball Corporation reported significant growth in its third-quarter earnings, with diluted earnings per share of $1.24, compared to 54 cents in 2021. The company completed the sale of its Russian operations, generating $530 million for debt reduction. However, comparable diluted earnings per share fell to 75 cents, down from 94 cents in the previous year, influenced by unfavorable foreign exchange impacts. Despite challenges, global demand for aluminum packaging remains strong, with beverage can shipments up 5.7%. The company anticipates long-term diluted EPS growth between 10% and 15%.

Ball Corporation's board declared a cash dividend of 20 cents per share, payable December 15, 2022, to shareholders on record as of December 1, 2022.

The company will announce its third quarter 2022 earnings on November 3, 2022 at 9 a.m. Mountain time. A taped replay will be available from 11 a.m. Mountain time on the same day until November 10, 2022.

Ball Corporation (NYSE: BALL) is expanding its Ball Aluminum Cup portfolio by introducing new 9-ounce and 12-ounce sizes, in addition to its existing 16-ounce, 20-ounce, and 24-ounce options. This move caters to the growing demand for sustainable beverage packaging, with all cups featuring 90% recycled content, the highest in their category. The cups are currently available at select venues and can be purchased directly. The expansion aligns with consumer trends towards sustainability, as 85% of consumers are willing to pay more for eco-friendly products.

Ball Aerospace has appointed Hope Damphousse as the new vice president for its Strategic Operations unit, effective immediately. Based in Washington, D.C., she will oversee public policy, government relations, and strategic planning. Damphousse, who joined Ball in 2008, previously managed government relations and held legislative advisory roles for U.S. Senators Robert Bennett and Mitch McConnell. The company is focused on pioneering aerospace solutions that enhance mission success and public safety.

Ball Corporation has appointed Deron Goodwin as vice president and treasurer, effective September 26, 2022. Goodwin, who has been with Ball since 2016 as assistant treasurer, brings over 25 years of experience in capital markets and corporate risk management. He succeeds Jeff Knobel, who was treasurer since 2010 and is now senior vice president of global beverage finance. Ball Corporation reported 2021 net sales of $13.8 billion and employs approximately 24,300 people worldwide.

Ball Corporation has finalized the sale of its beverage packaging business in Russia to Arnest Group for $530 million. This decision follows Ball's earlier announcement to exit the Russian market due to geopolitical tensions. All necessary approvals for the transaction have been secured, ensuring immediate completion without conditions. The sale is not expected to impact Ball's operations outside Russia. The company will hold an Investor Day Management Briefing on September 22, 2022.

Ball Corporation (NYSE: BALL) announced a partnership with Boomerang Water to deliver sustainable beverage packaging through refillable aluminum bottles. This initiative aims to meet the increasing consumer demand for eco-friendly solutions in venues like resorts and cruise lines. Boomerang's innovative bottling system can process over 3,000 bottles of fresh water per shift, significantly reducing waste compared to traditional packaging. The collaboration emphasizes aluminum's recyclability and aligns with growing sustainability trends, as 85% of consumers prioritize eco-friendly products.

Ball Corporation (NYSE: BALL) will host an investor field trip on Sept. 22, 2022, in Westminster, Colorado, featuring a management briefing from 9 a.m. to 12 p.m. Mountain time. The event will cover company and industry trends, with a live webcast available for registration. Ball Corporation, a leader in aluminum packaging and aerospace technologies, reported $13.8 billion in net sales for 2021 and employs around 24,300 people globally. The management briefing aims to engage with investors and discuss future business opportunities.