earnings
confidence high
sentiment negative
materiality 0.75
Ball Q1 GAAP EPS $0.56 vs $1.37; comparable EPS $0.69 vs $0.77; volumes down
BALL Corp
2023-Q1 EPS reported
$0.56
revenue$3,489,000,000
- GAAP diluted EPS $0.56 vs $1.37; comparable EPS $0.69 vs $0.77; sales $3.49B vs $3.72B.
- Global beverage can shipments down 6.7% (incl. Russia divestment); ex-Russia down 1.4%.
- Aerospace op earnings $60M vs $43M; backlog $2.8B, won-not-booked $5.0B.
- Reaffirms FY free cash flow ~$750M; $200M net inflation recovery, $150M cost savings.
- North America op earnings $183M on 4.9% lower volumes; South America $50M vs $78M.