Ball Corp. (BLL) Tops Q4 EPS by 4c, Revenues Miss

Ball Corp. (NYSE: BLL) reported Q4 EPS of $0.71, $0.04 better than the analyst estimate of $0.67. Revenue for the quarter came in at $2.72 billion versus the consensus estimate of $2.88 billion.

"We finished 2019 on a strong note, with fourth quarter comparable operating earnings increasing 14 percent, comparable earnings per diluted share increasing 29 percent and stronger than expected cash flow generation being driven by working capital improvements across most of our businesses. Over the past year, our global beverage volumes increased 5 percent, our aerospace contracted backlog increased 14 percent and we were able to sell underperforming assets. With global customer and consumer demand for aluminum packaging solutions continuing to outpace existing supply, our previously announced aluminum beverage can and cup projects will add at least 8 billion units of capacity by the end of 2021," said John A. Hayes, chairman, president and chief executive officer.

"Throughout 2020, our focus will be on execution through improving our operational excellence and customer service, amplifying the sustainability benefits of aluminum packaging, and executing beverage and aerospace investment projects. In the near- and long-term, our business portfolio is well positioned to deliver on our financial goals and increase shareholder returns for many more years."

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

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