earnings
confidence high
sentiment negative
materiality 0.80
Ball Q2 GAAP loss $0.55/share; comparable EPS $0.82; to close Phoenix, St. Paul plants
BALL Corp
2022-Q2 EPS reported
$0.84
revenue$7,850,000,000
- GAAP net loss $174M (incl. $437M Russian impairment) vs. $202M profit in Q2 2021.
- Comparable EPS $0.82 vs. $0.86; sales $4.13B, up 19% YoY on higher aluminum pass-through.
- Ceasing Phoenix, AZ and St. Paul, MN can plants; delaying North Las Vegas facility construction.
- Global beverage can shipments up 3.3%; Aerospace backlog $3.0B, won-not-booked $4.7B.
- Positioned to return ~$1.0B to shareholders via buybacks/dividends in 2022.