Ball Reports Improved Third Quarter Results
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Ball Corp. (BLL) Misses Q3 EPS by 2c, Revenues Miss
October 31, 2019 6:12 AM EDTBall Corp. (NYSE: BLL) reported Q3 EPS of $0.70, $0.02 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $2.53 billion versus the consensus estimate of $3.04 billion.
Highlights
Third quarter U.S. GAAP earnings per diluted share of 27 cents vs. 17 cents in 2018Third quarter comparable earnings per diluted share of 70 cents vs. 56 cents in 2018Global beverage can volumes up 4 percent in third quarter and up 6 percent year-to-date; tight inventory hampered growthAerospace contracted backlog increased to $2.2 billionLaunched new Ball aluminum cup; constructing dedicated cup manufacturing facility in Rome,... More