Ball Q3 GAAP EPS $1.24 vs $0.54; comparable EPS $0.75 vs $0.94; cost savings plan $150M

BALL Corp

2022-Q3 EPS reported $2.07 revenue$11,801,000,000

GAAP net earnings $392M ($1.24 diluted EPS) includes $154M gain on Russia sale; revenue $3.95B vs $3.55B YoY.
Comparable diluted EPS $0.75 vs $0.94 YoY, driven by inflation and FX headwinds.
Completed sale of Russian operations for $530M cash; proceeds used for debt reduction.
Cost-out plan targets at least $150M in combined fixed/variable savings in 2023.
Global beverage can shipments up 5.7% ex-Russia; Aerospace backlog $3.0B, contracts won-not-booked $4.6B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BALL Corp reported third quarter 2022 results: revenue $3.95 billion, net income $392 million, EPS $1.24.

Period: third quarter 2022
Revenue: $3.95 billion
Net income: $392 million
EPS: $1.24
Result: reported results

Exact text from the filing

consolidation and other non-comparable items, including the gain on disposal for the Russian beverage packaging operations) or diluted earnings per share of $1.24, on sales of $3.95 billion, compared to $179 million net earnings attributable to the corporation, or 54 cents per diluted share (including net after-tax charges of $134 million, or 40 cents per diluted

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BALL Corp reported first nine months of 2022 results: revenue $11.80 billion, net income $664 million, EPS $2.07.

Period: first nine months of 2022
Revenue: $11.80 billion
Net income: $664 million
EPS: $2.07
Result: reported results

Exact text from the filing

Results for the first nine months of 2022 were net earnings attributable to the corporation of $664 million, or $2.07 per diluted share, on sales of $11.80 billion

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

BALL Corp filing history →

Source: SEC EDGAR

accession 0000009389-22-000025

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