Ball Corporation (BALL) Misses Q2 EPS by 8c, Revenue Beats

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Go back to Ball Corporation (BALL) Misses Q2 EPS by 8c, Revenue Beats

Ball Announces Second Quarter 2022 Results and Rephasing of Certain Growth Capital Projects

August 4, 2022 6:00 AM EDT

Highlights

Second quarter U.S. GAAP loss per diluted share of 55 cents vs. earnings per diluted share of 61 cents in 2021; company recorded non-cash, long-lived asset impairment for Russian operations during second quarter of 2022Second quarter comparable earnings per diluted share of 82 cents vs. 86 cents in 2021Global beverage can shipments up 3.3%; multi-year sustainability and growth thesis intactStrong aerospace backlog and contracts won-not-booked of $3.0 billion and $4.7 billion, respectivelyRephasing certain beverage can growth capital projects and optimizing production capabilities to meet near-term market growth, enable long-term customer demand and maximize... More