secwatch.observer — SEC 8-K summary
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Issuer:     BALL Corp (BALL)
CIK:        0000009389
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000009389-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9389/000000938924000003/0000009389-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9389/000000938924000003/ball-20240201x8k.htm
  HTML page:      https://secwatch.observer/filing/0000009389-24-000003

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