Ball Corp. (BLL) Tops Q3 EPS by 1c, Comments on FY

October 25, 2012 6:57 AM EDT
Ball Corp. (NYSE: BLL) reported Q3 EPS of $0.90, $0.01 better than the analyst estimate of $0.89. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $2.28 billion.

Outlook:

"We continue to expect full year 2012 free cash flow to be at least a half a billion dollars as we manage our capital spending plans to align with global economic trends," said Scott C. Morrison, senior vice president and chief financial officer. "The majority of 2012 free cash flow is expected to be returned to shareholders through share repurchases and dividends."

"We are proactively focusing on cost optimization and growth opportunities that will drive future performance and continued strong free cash flow," Hayes said. "Our company's full-year performance remains on track to achieve our 10 to 15 percent diluted earnings per share growth goal in 2012."

Ball Corporation is a supplier of high quality packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion.


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


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