secwatch.observer — SEC 8-K summary
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Issuer:     BALL Corp (BALL)
CIK:        0000009389
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000009389-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000024/0000009389-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000024/ball-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0000009389-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer