Ball Q2 sales $3.57B (-14% YoY), GAAP EPS $0.55, comp EPS $0.61; sees FY FCF ~$750M

BALL Corp

2023-Q2 EPS reported $1.10 revenue$7,055,000,000

GAAP diluted EPS of $0.55 vs loss of $0.55 in Q2 2022; comparable EPS of $0.61 vs $0.82.
Sales $3.57B, down from $4.13B; global beverage can shipments fell 4.9% (ex-Russia divestment).
Aerospace backlog $2.6B; contracts won-not-booked $6.0B (+$1B YTD). Company assessing strategic options for aerospace.
Reaffirms FY 2023 free cash flow ~$750M, cost savings at least $150M, and net inflation recovery $200M.
Potential to achieve low end of long-term 10-15% comp EPS growth goal in 2023 despite Russian headwind.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BALL Corp reported second quarter 2023 results: revenue $3.57 billion, net income $173 million, EPS 55 cents per diluted share. Guidance reaffirmed.

Period: second quarter 2023
Revenue: $3.57 billion
Net income: $173 million
EPS: 55 cents per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

net after-tax loss of $21 million, or 6 cents per diluted share for business consolidation and other non-comparable items) or diluted earnings per share of 55 cents, on sales of $3.57 billion, compared to a net loss attributable to the corporation of $174 million (including a net after-tax loss of $437 million, or $1.37 per diluted share for business consolidation and

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Source: SEC EDGAR

accession 0000009389-23-000024

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