secwatch.observer — SEC 8-K summary
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Issuer:     BALL Corp (BALL)
CIK:        0000009389
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000009389-22-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9389/000000938922000025/0000009389-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9389/000000938922000025/bll-20221103x8k.htm
  HTML page:      https://secwatch.observer/filing/0000009389-22-000025

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