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Ball Corporation reports recurring developments tied to its global aluminum packaging business for beverages, personal care and home care products. Company updates commonly cover U.S. GAAP and comparable earnings, aluminum packaging shipment trends, segment performance, free cash flow, and the effect of demand across North America, Europe and South America.
Ball news also includes board-declared dividends, share repurchases, financing activity and credit facilities, investor conference presentations, and governance or leadership changes. Recent company materials also reflect its focus on sustainable aluminum packaging and its completed acquisition of a majority stake in European beverage can manufacturer Benepack.
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.
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.
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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.