Ball Q4 comparable EPS $0.78 beats $0.44 YoY; aerospace sale on track for H1 2024

BALL Corp

2023-FY EPS reported $2.23 revenue$14,029,000,000

Q4 comparable EPS $0.78 (vs $0.44 YoY); full-year comparable EPS $2.90 (vs $2.78). Sales $3.4B Q4, $14.03B FY.
Aerospace sale to BAE Systems for ~$5.6B; projected close H1 2024; proceeds to reduce debt ~$2B and return ~$2B to shareholders.
Global beverage can shipments down 3.2% in Q4 (ex-Russia); NCA segment comparable operating earnings $156M (vs $99M YoY).
FY 2023 free cash flow $818M; returned $255M to shareholders; 2024 outlook: EPS growth, strong FCF, leverage target ~2.7x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BALL Corp reported fourth quarter ended December 31, 2023 results: revenue $3.40 billion, net income $154 million, EPS 49 cents per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $3.40 billion
Net income: $154 million
EPS: 49 cents per diluted share
Result: reported results

Exact text from the filing

Ball’s fourth quarter 2023 net earnings attributable to the corporation on a U.S. GAAP basis, were $154 million, or 49 cents per diluted share, on sales of $3.40 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BALL Corp reported fiscal year ended December 31, 2023 results: revenue $14.03 billion, net income $707 million, EPS $2.23 per diluted share.

Period: fiscal year ended December 31, 2023
Revenue: $14.03 billion
Net income: $707 million
EPS: $2.23 per diluted share
Result: reported results

Exact text from the filing

after-tax charges of $213 million, or 67 cents per diluted share for business consolidation and other non-comparable items) or diluted earnings per share of $2.23, on sales of $14.03 billion, compared to $719 million net earnings attributable to the corporation, or $2.25 per diluted share (including net after-tax charges of $172 million, or 53 cents per diluted share

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

BALL Corp filing history →

Source: SEC EDGAR

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