secwatch.observer — SEC 8-K summary
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Issuer:     BALL Corp (BALL)
CIK:        0000009389
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000009389-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ball Q3 GAAP EPS $0.64 (incl charges); comparable $0.83; to sell aerospace for $5.6B
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- Q3 GAAP diluted EPS $0.64 vs $1.24 (prior year incl $0.49 gain from Russia sale); comparable EPS $0.83 vs $0.75.
- Announced agreement to sell aerospace business to BAE Systems for $5.6B cash; regulatory approval underway; proceeds to reduce debt ~$2B and boost buybacks/dividends.
- Beverage Packaging NCA volumes down 9.9% due to US mass beer disruption; ceasing Kent, WA, deferring Concord, NC to 2028, cancelling N. Las Vegas plant.
- Reiterate FY 2023 free cash flow ~$750M; potential low- to mid-single digit comparable EPS growth despite Russia headwind.
- Fire at Verona, VA slug facility; no injuries; operations team managing customer needs from remaining global plants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000041/0000009389-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000041/ball-20231102x8k.htm
  HTML page:      https://secwatch.observer/filing/0000009389-23-000041

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