Ball Corp. (BLL) Tops Q3 EPS by 12c

Ball Corp. (NYSE: BLL) reported Q3 EPS of $0.89, $0.12 better than the analyst estimate of $0.77. Revenue for the quarter came in at $3.01 billion versus the consensus estimate of $3.01 billion.

Outlook:

"Our company generates significant cash from operations, and we have the flexibility and opportunity to allocate significant capital to organic growth investments while continuing to return value to shareholders. We continue to foresee 2020 capital expenditures exceeding $900 million, and given additional EVA-enhancing opportunities supported by contracted volumes and backlog, growth investments are expected to be in excess of $1 billion in 2021 and beyond," said Scott C. Morrison, senior vice president and chief financial officer.

"The resiliency of our team and the strength in our businesses has never been more evident. We continue to be on-track to execute multiple growth projects as efficiently and safely as possible with our employees, customers and supply chains. The momentum in our businesses is accelerating and we are well positioned to further broaden our scale to serve future growth with an even higher level of customer service. In 2020 and beyond, we look forward to continuing to grow our cash from operations and EVA dollars on an even larger capital base while returning capital to our shareholders and achieving our long-term diluted earnings per share growth goal of at least 10 to 15 percent," Hayes said.

For earnings history and earnings-related data on Ball Corp. (BLL) click here.

You May Also Be Interested In