Ball Corp. (BLL) Misses Q3 EPS by 3c, Revenues Beat

Ball Corp. (NYSE: BLL) reported Q3 EPS of $0.56, $0.03 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.82 billion.

"The company is well positioned for long-term growth as capital spending deployed over the last 18 months begins to add to segment earnings in 2019 and beyond. With net debt to comparable EBITDA ratios in the range of 3.0 to 3.5 times and absent any additional growth capital expenditures or bolt-on M&A, every available dollar of free cash flow will be returned to shareholders. In 2018, we expect to return in excess of $800 million to shareholders and in 2019 and beyond, we expect the return of value to shareholders will be approximately $1 billion annually," said Scott C. Morrison, senior vice president and chief financial officer.

"While we have faced headwinds related to currency and U.S. freight costs, we continue to orient our investments to EVA-accretive pursuits to leverage the sustainability advantages of metal packaging. The team remains intensely focused on keeping pace with aerospace's growth, generating significant free cash flow, and leveraging the economic and environmental characteristics of aluminum packaging to grow our diluted earnings per share 10 to 15 percent over time," Hayes said.

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

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