Ball Reports First Quarter Results

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Go back to Ball Reports First Quarter Results

Ball Corp. (BLL) Misses Q1 EPS by 2c, Revenues Beat

May 2, 2019 6:05 AM EDT

Ball Corp. (NYSE: BLL) reported Q1 EPS of $0.49, $0.02 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.67 billion.

"Growth trends in our packaging and aerospace businesses continue to gain momentum. During the quarter, higher than expected global can demand driven by customers' shifting mix and new product launches to aluminum packaging helped drive stronger revenue growth. In North America, higher costs related to surplus U.S. aluminum scrap and higher than anticipated plant start-up costs affected first quarter results. We anticipate that... More