Welcome to our dedicated page for Ball news (Ticker: BALL), a resource for investors and traders seeking the latest updates and insights on Ball stock.
Ball Corporation (NYSE: BALL) is a global leader in sustainable aluminum packaging and aerospace technologies, serving major beverage brands and government clients worldwide. This dedicated news hub provides investors and stakeholders with timely access to material developments shaping the company's market position.
Track official press releases, quarterly earnings reports, and strategic initiatives related to Ball's core operations in metal packaging innovation and aerospace systems. Our curated feed includes updates on production expansions, sustainability milestones, and partnerships advancing circular economy goals in the packaging sector.
Key coverage areas include financial performance disclosures, manufacturing capacity updates, recycling technology advancements, and regulatory developments impacting global operations across North America, Europe, and South America. Bookmark this page for direct access to Ball Corporation's latest corporate communications and market-moving announcements.
Ball Corporation reported a second quarter 2022 U.S. GAAP loss of 55 cents per diluted share, contrasting with a profit of 61 cents per diluted share in 2021. Total sales reached $4.13 billion, up from $3.46 billion a year prior. Comparable earnings per share were 82 cents, down from 86 cents in 2021. The aerospace backlog stands at $3.0 billion, with contracts not yet booked at $4.7 billion. The company is positioned to return $1.0 billion to shareholders through buybacks and dividends. Despite challenges, Ball aims for a long-term EPS growth of 10 to 15 percent.
Ball Aerospace announced its selection by NASA for two 20-month studies to develop instruments for NOAA's GeoXO program. These studies will aid in improving weather and climate monitoring capabilities. The instruments include the BOWIE-Ocean Color to analyze water quality and the BOWIE-Atmospheric Composition for air quality predictions. This follows a previous award for the GeoXO Phase A Sounder. Ball's efforts align with NOAA's commitment to enhance environmental forecasting and address future challenges related to weather and climate.
On July 27, 2022, Ball Corporation's board declared a cash dividend of 20 cents per share, set for payment on September 15, 2022, to shareholders on record by September 1, 2022. This announcement comes ahead of their upcoming earnings call scheduled for August 4, 2022, where financial performance details will be disclosed. Ball Corporation, recognized for its sustainable aluminum packaging solutions, reported net sales of $11.8 billion in 2020 and employs 21,500 people globally.
Ball Corporation (NYSE: BALL) will disclose its second quarter 2022 earnings on August 4, 2022, prior to market opening. A conference call will follow at 9 a.m. MT to discuss the results, with a recording available until August 11, 2022. The company reported $13.8 billion in net sales for 2021 and employs 24,300 individuals globally. For further updates, a transcript of the call will be accessible on their website.
Ball Corporation (NYSE: BALL) has successfully closed $3.1 billion in new senior secured credit facilities, which will refinance existing loans and support general corporate purposes. The facilities include a U.S. dollar revolving facility, a multicurrency revolving facility, and a U.S. dollar term loan facility maturing in 2027. CFO Scott C. Morrison highlighted the favorable financing conditions from a diverse bank syndicate, enhancing the company's long-term capital structure. The firm reported $13.8 billion in net sales for 2021.
Ball Corporation announced its rejection of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 2 million shares at $65.25 each, which is 1.9% below the market price of $66.53 as of June 14, 2022. The company advised shareholders against tendering their shares, highlighting the offer's below-market value. Ball emphasized it is not affiliated with TRC and urged shareholders to withdraw any shares already tendered. The SEC has warned investors about below-market mini-tender offers, advising caution.
On June 14, 2022, Ball Aerospace completed the critical design review (CDR) for NOAA's SWFO-L1 spacecraft. This spacecraft, expected to launch in 2025, will collect solar wind data to help forecast solar storm impacts. Ball's involvement includes production, integration, testing, and operational support for the satellite. The SWFO-L1 project builds on previous successes in weather monitoring technologies.
Dr. Makenzie Lystrup highlighted the spacecraft's significance in mitigating the effects of solar events on infrastructure and economy.
Ball Corporation (NYSE: BALL) announced its rejection of an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 2 million shares at $70.50 each, representing a 2.9% discount from the recent market price of $72.51. Ball advises shareholders not to tender shares due to the below-market offer and emphasizes that they are not associated with TRC. Shareholders are encouraged to consult their brokers and may withdraw shares already tendered. The SEC warns investors about such offers that may take advantage of unaware shareholders.
Ball Corporation and Novelis have joined the World Economic Forum's First Movers Coalition, aiming to enhance circularity within the aluminum industry. Both companies plan to purchase 10% of primary aluminum with near-zero carbon emissions by 2030 and ensure at least 50% of their aluminum is sourced from recycled materials by the same year. The commitment aligns with the initiative to decarbonize industrial sectors contributing 30% of global emissions, with aluminum alone accounting for 2%. Ball aims for 85% recycled content in its beverage packaging by 2030.
FAQ
What is the current stock price of Ball (BALL)?
What is the market cap of Ball (BALL)?
