- Ball Corporation reported a 1Q comparable EPS of 68c, beating estimates of 55c and decreasing slightly from 69c year over year.
- The corporation saw $2.87 billion in net sales, falling by 18% year over year and coming under the estimate of $3.21 billion.
- Beverage Packaging Net Sales in North & Central America were at $1.40 billion, down 6.7% year over year, against the estimate of $1.43 billion.
- In the EMEA region, Beverage Packaging Net Sales stood at $810 million, decreasing by 2.9% year over year but slightly exceeding the estimate of $809 million.
- However, Beverage Packaging Net Sales in South America grew by 7.1% year over year, reaching $482 million, and beating the estimate of $479.3 million.
- Beveraging Packaging comparable operating earnings in North and Central America rose by 4.9% year over year, totalling $192 million, and significantly beating the estimate of $144.9 million.
- Comparable operating earnings in the EMEA region for Beveraging Packaging showed a 16% increase year over year, reaching $85 million, coming in over the estimated amount of $72.6 million.
- Beveraging Packaging Comparable operating earnings in South America also increased by 10% year over year, totaling $55 million, against the estimate of $50.5 million.
- A combination of incremental volume growth, favorable cost management, and immediate use of aerospace business sale proceeds resulted in strong results, the retirement of $2.8 billion of debt, and the initiation of Ball’s multi-year share repurchase program.
Ball on Smartkarma
On Smartkarma, independent analysts like Baptista Research have been closely covering Ball Corporation, shedding light on various aspects of the company’s performance and strategic decisions.
Baptista Research‘s reports, such as “Ball Corporation: A Story Of Market Dominance & Adaptive Approach! – Major Drivers” and “Ball Corporation: Forecasting Growth Amid Dynamic Consumer Demands!”, provide insights into Ball Corporation’s earnings, strategic decisions, operational efficiencies, and response to dynamic consumer demands. The analysts express a bullish sentiment towards Ball Corporation, highlighting its strong operating results, successful measures to counter inflationary costs, and the company’s ability to generate free cash flow amidst market challenges.
A look at Ball Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Ball Corporation has a positive long-term outlook. The company’s momentum score of 5, the highest among the scores, suggests strong performance potential in the future. Additionally, with a growth score of 3, Ball shows promising signs for expansion and development. While the value, dividend, and resilience scores are more moderate at 2 each, the overall outlook for Ball indicates a company that is well-positioned for growth and sustained success in the market.
Ball Corporation, a company that provides metal packaging for beverages, foods, and household products, along with aerospace technologies and services, is well-regarded for its global reach and diverse customer base. With a balanced set of Smartkarma Smart Scores, including a high momentum score, Ball is poised to capitalize on its strengths in the market and continue to deliver value to its customers and shareholders in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
