Ball Corp. (BLL) Tops Q4 EPS by 3c

Ball Corp. (NYSE: BLL) reported Q4 EPS of $0.87, $0.03 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.55 billion.

Outlook

"Our year-end 2016 net debt of $6.9 billion was slightly better than our forecast of $7.0 billion. We continue to expect 2017 free cash flow to be in the range of $750 million to $850 million after capital spending of approximately $500 million,\" said Scott C. Morrison, senior vice president and chief financial officer.

"The company is on course to deliver improved free cash flow, EVA dollar growth and comparable diluted earnings per share growth of at least 20 percent in 2017. We are fully executing upon our post-acquisition plans with the completed closure of the former Rexam headquarters, the closure of the Charlotte, North Carolina, regional support center slated for mid-2017, and additional transformative process and footprint work slated for the second half 2017 and beyond," Hayes said.

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

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