Ball Corp reports third-quarter profit beat on higher prices, lower costs [Yahoo! Finance]
Ball Corporation (BALL)
Company Research
Source: Yahoo! Finance
Price increases, along with a recent decline in aluminum prices and enhanced cost-saving initiatives in logistics and supply chain management, boosted profits. Ball has benefited from the growing popularity of ready-to-cook and ready-to-eat products among environmentally conscious consumers who prefer sustainable packaging options like aluminum over plastic and processing-intensive tin-coated steel. However, the company reported a 5% revenue decline in its North and Central American beverage packaging business, posting $1.46 billion in sales, falling short of the $1.57 billion estimate compiled by LSEG. Volumes in this segment dropped by 3.1%. Ball Corp's third-quarter net sales fell about 1% to $3.08 billion, compared with estimates of $3.13 billion. Excluding one-time items, the company earned a profit of 91 cents per share, exceeding expectations of 85 cents per share. (Reporting by Neil J Kanatt in Bengaluru; Editing by Tasim Zahid)
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News
- Ball Co. (NYSE: BALL) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $75.00 price target on the stock.MarketBeat
- Ball Co. (NYSE: BALL) had its price target lowered by analysts at Mizuho from $69.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- Ball Co. (NYSE: BALL) had its price target lowered by analysts at Wells Fargo & Company from $63.00 to $61.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ball Reports Third Quarter 2024 ResultsPR Newswire
- Ball Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
BALL
Earnings
- 10/31/24 - Beat
BALL
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/25/24 - Form 8-K
- BALL's page on the SEC website