Ball Corp. (BLL) Tops Q1 EPS by 5c

Ball Corp. (NYSE: BLL) reported Q1 EPS of $0.72, $0.05 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.1 billion.

Outlook:

"Global demand for aluminum packaging continues to grow. In 2021, we are allocating in excess of $1.5 billion in capital to support EVA-enhancing projects at returns higher than our 9% after-tax hurdle. As our cash from operations continues to increase and we maintain optimal net debt to comparable EBITDA ratios, we will accelerate return of value to shareholders via dividends and share repurchases," said Scott C. Morrison, executive vice president and chief financial officer.

"We continue to achieve at a high level due to our team's ability to adapt and work safely together. Our Drive for 10 vision and enduring culture allow us to successfully navigate short-term challenges and invest in long-term opportunities to enable growth for sustainable aluminum packaging and aerospace technologies. In 2021 and beyond, we look forward to growing our cash from operations and EVA dollars on an even larger capital base while returning capital to our shareholders and exceeding our long-term diluted earnings per share growth goal of at least 10 to 15%," Hayes said.

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

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