earnings
confidence high
sentiment positive
materiality 0.75
Ball Q3 comparable EPS $0.91 beats $0.83 YoY; acquires Alucan for €82M
BALL Corp
2024-Q3 EPS reported
$12.96
revenue$8,915,000,000
- Comparable diluted EPS $0.91 vs $0.83 YoY; GAAP EPS $0.65 vs $0.64; sales $3.08B vs $3.11B.
- Returned $1.25B to shareholders YTD via buybacks and dividends; on track to exceed $1.6B by year-end.
- Acquired Alucan Entec for €82M ($88M) at ~7.4x EBITDA; adds two European aerosol and bottle facilities.
- Beverage Packaging NA volumes down 3.1% but earnings up; EMEA volumes up 6.7%; South America volumes down 10% but price/mix positive.
- Outlook: mid-single-digit comparable EPS growth in 2024, >10% per annum in 2025 and beyond.