Earnings summaries and quarterly performance for BALL.
Executive leadership at BALL.
Board of directors at BALL.
Aaron Erter
Director
Betty Sapp
Director
Cathy Ross
Director
Cynthia Niekamp
Director
Dune Ives
Director
John Bryant
Director
John Panichella
Director
Michael Cave
Director
Stuart Taylor II
Chair of the Board
Todd Penegor
Director
Research analysts who have asked questions during BALL earnings calls.
Anthony Pettinari
Citigroup Inc.
9 questions for BALL
Arun Viswanathan
RBC Capital Markets
9 questions for BALL
Edlain Rodriguez
Mizuho Securities
9 questions for BALL
George Staphos
Bank of America
9 questions for BALL
Ghansham Panjabi
Robert W. Baird & Co.
9 questions for BALL
Stefan Diaz
Morgan Stanley
9 questions for BALL
Christopher Parkinson
Wolfe Research
6 questions for BALL
Jeffrey Zekauskas
JPMorgan Chase & Co.
6 questions for BALL
Philip Ng
Jefferies
6 questions for BALL
Anojja Shah
UBS Group AG
5 questions for BALL
Niccolo Piccini
Truist Securities
4 questions for BALL
Michael Roxland
Truist Securities
3 questions for BALL
Richard Carlson
Wells Fargo
3 questions for BALL
Gabe Hajde
Wells Fargo & Company
2 questions for BALL
Joshua Spector
UBS
2 questions for BALL
Matt Roberts
Raymond James Financial
2 questions for BALL
Michael Leithead
Barclays
2 questions for BALL
Mike Roxland
Truist Securities
2 questions for BALL
Phil Ng
Jefferies Financial Group Inc.
2 questions for BALL
John Dunigan
Jefferies
1 question for BALL
Josh Spector
UBS Group
1 question for BALL
Recent press releases and 8-K filings for BALL.
- Ball delivered 4.1% FY 2025 shipped beverage volume growth (Q4: 6.0% YoY) ahead of guidance.
- Comparable Operating Earnings rose 6% to $1,554 M, while EPS increased 13% to $3.57, a new company record.
- Adjusted Free Cash Flow reached $956 M (2.4× YoY); the company returned $1.54 B to shareholders and reduced share count by 16%.
- For 2026, Ball forecasts 10%+ EPS growth and $900 M+ free cash flow, maintaining disciplined capital allocation.
- Leadership transition and strategic focus: Ron Lewis became CEO, reaffirmed Ball’s intact strategy emphasizing operational excellence, EVA-driven capital allocation, and profitable growth across the global aluminum can market.
- Q4 2025 and full-year financial results: Comparable earnings rose 6.8% in Q4 and 5.6% for FY 2025; record comparable diluted EPS of $3.57 (+13% YoY); adjusted free cash flow reached $956 million (2.4× YoY); net debt/EBITDA at 2.8×.
- Regional performance highlights: North & Central America volume grew high-single-digit % in Q4 / +4.8% FY; comp. operating earnings +12% Q4 / +3.3% FY. EMEA volume + high-single-digit % Q4 / +5.5% FY; comp. operating earnings +36.7% Q4 / +19% FY. South America volume + high-single-digit % Q4 / +4.2% FY; comp. operating earnings +1% Q4 / +10.5% FY.
- 2026 guidance: Sees volume growth at low end of long-term ranges (1–3% NACAM, >5% EMEA, 4–6% SA); includes ~$35 million of startup and tariff headwinds; targets 10%+ EPS growth, >$900 million free cash flow, share repurchases ≥$600 million, capex ≈ depreciation, and net debt/EBITDA ~2.7×.
- Ron Rabbitt appointed CEO and Dan Rabbitt named CFO
- Delivered record comparable EPS of $3.57 (+13% YoY), record adjusted free cash flow of $956 million (+2.4×), and returned $1.54 billion to shareholders
- Global can shipment volumes up 6% in Q4 and 4.1% for full year; Q4 comparable operating earnings in North & Central America +12%, EMEA +36.7%, South America +1%
- 2026 guidance: ≥ 10% comparable EPS growth, > $900 million free cash flow, $800 million total shareholder returns (≥ $600 million share repurchases), net debt/EBITDA ~ 2.7×
- Closed acquisition of two Benepack beverage can plants in Belgium and Hungary, expanding EMEA footprint
- Ron Lewis led his first earnings call as CEO, with Dan Rabbitt named CFO, marking a major leadership transition at Ball Corporation.
- Full year 2025 delivered comparable EPS of $3.57 (+13% YoY) and a record adjusted free cash flow of $956 million (+2.4× YoY).
- Returned $1.54 billion to shareholders through dividends and share repurchases; net debt/EBITDA ended at 2.8×, with a long-term target of 2.5×.
- Closed acquisition of two Benepack European can plants; these assets are expected to drive volume growth above 3–5% and deliver 2× operating leverage in EMEA during 2026.
- 2026 outlook: >10% comparable EPS growth, > $900 million free cash flow, net debt/EBITDA of ~2.7×, and $600 million in share buybacks.
- Ball reported full-year 2025 net earnings attributable to the corporation of $912 million (diluted EPS of $3.30) on sales of $13.16 billion, and Q4 net earnings of $200 million (diluted EPS of $0.75) on sales of $3.35 billion.
- Full-year and fourth quarter 2025 comparable diluted EPS were $3.57 and $0.91, respectively, reflecting underlying business performance.
- Returned $1.54 billion to shareholders via share repurchases and dividends and generated record adjusted free cash flow of $956 million in 2025.
- Completed acquisition of an 80% stake in European beverage can manufacturer Benepack for approximately €184 million, expanding its EMEA footprint.
- 2026 guidance calls for 10-plus percent comparable diluted EPS growth and free cash flow greater than $900 million.
- Ball reported full-year U.S. GAAP diluted EPS of $3.30 and comparable diluted EPS of $3.57, while Q4 comparable EPS was $0.91; net sales grew to $13.16 billion for 2025 and $3.35 billion in Q4.
- The company returned $1.54 billion to shareholders through share repurchases and dividends in 2025.
- Ball generated record adjusted free cash flow of $956 million in 2025 and projects 10%+ comparable EPS growth with free cash flow > $900 million in 2026.
- Completed the acquisition of an 80% stake in Benepack for approximately €184 million, expanding its EMEA beverage can capacity.
- Ball enters definitive agreements to acquire an 80% stake in Benepack’s beverage can facilities in Belgium and Hungary for €184 million.
- Remaining 20% interest will be retained by existing Benepack shareholders.
- The transaction, having received regulatory clearances, is expected to close in Q1 2026, subject to customary closing conditions.
- The deal strengthens Ball’s European manufacturing footprint and supports long-term volume and EVA growth in the aluminum beverage can market.
- Ball Corp has closed $3.5 billion in new senior secured credit facilities, comprising a U.S. dollar revolving facility, a multicurrency revolver and a U.S. dollar term loan maturing in 2030.
- The new facilities refinance its existing senior secured credit facilities from June 28, 2022, and will be used for general corporate purposes.
- Bank of America served as Administrative Agent on the transaction.
- Ball Corp employs 16,000 people globally and reported 2024 net sales of $11.8 billion, excluding its divested aerospace business.
- Ball Corporation has closed $3.5 billion in senior secured credit facilities, refinancing its June 2022 facilities.
- The facilities include a U.S. dollar revolving facility, a multicurrency revolving facility and a U.S. dollar term loan maturing in 2030.
- Net proceeds will be used to refinance existing senior secured debt and for general corporate purposes.
- CFO Daniel J. Rabbitt noted the new financing strengthens the company's financial position and supports sustainable growth.
- Ron Lewis confirmed as CEO and Dan Rabbitt as CFO, highlighting a low-ego, high-collaboration culture rooted in Ball’s history.
- Strategy anchored on four pillars: operational execution, customer proximity, aluminum packaging shift, and agility through the Ball Business System.
- On track to meet 2030 financial targets of ~$5.80 EPS and ~$1.3 billion free cash flow.
- Achieved the $500 million productivity target by end of 2026, one year ahead of schedule.
- Regional volume growth guidance: 1–3% in North America, 3–5% in Europe, and 4–6% in South America.
Quarterly earnings call transcripts for BALL.
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