BALL (BALL) Company Report

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.

Nov 26, 2025, 12:31 AM

8-K

Ball Corporation completes new $3.5 billion credit facilities

BALL

Debt Issuance

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.

Nov 25, 2025, 9:15 PM

Press Release

Ball Corporation outlines leadership transition and strategic priorities at Baird conference

BALL

CEO Change

CFO Change

Guidance Update

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.

Nov 13, 2025, 1:55 PM

Transcript

Ball outlines leadership transition and growth strategy at Baird Conference

BALL

CEO Change

CFO Change

Guidance Update

Ball appointed Ron Lewis as CEO and Daniel Rabbitt as CFO this week, signaling leadership continuity with deep Ball tenure and commitment to company culture.
New leadership emphasized a return to Ball’s core culture and execution of the Ball Business System, focusing on customer proximity, operational excellence, disciplined capital allocation, and an EVA mindset.
Company reported over 4% volume growth year-on-year and is ahead of its $500 million productivity target, now expected to be delivered by end-2026 instead of 2027.
Management reaffirmed 2030 financial targets (EPS ~$5.80, ~$1.3 billion free cash flow) and provided 2026 market growth guidance of 1–3% North America, 3–5% Europe, and 4–6% South America.

Nov 13, 2025, 1:55 PM

Transcript

Ball Corporation names new CEO and CFO, reiterates growth strategy

BALL

Management Change

New Projects/Investments

Guidance Update

Ball announces Ron Lewis as CEO and Daniel Rabbitt as CFO, emphasizing continuity of its low-ego, high-collaboration culture and EVA-driven approach
Achieved >4% y-o-y volume growth and delivered the $500 M productivity target one year early, now expected by end-2026
Reaffirms long-term financial algorithm of 2–3% sales growth, operating earnings growth double sales, 10–15% EPS CAGR to $5.80 by 2030, and > $1.3 B free cash flow
Maintains disciplined CapEx of ~$600 M annually, with two-thirds for growth (backed by offtake agreements) and one-third for maintenance, funding new North American plants in Oregon and the Carolinas

Nov 13, 2025, 1:55 PM

Transcript

Ball Corp announces CEO and CFO appointments and board leadership changes

BALL

CEO Change

CFO Change

Board Change

Ball Corporation appointed Ronald J. Lewis as Chief Executive Officer and elected Stuart A. Taylor II as Chairman of the Board, eliminating the Lead Independent Director role; Lewis succeeds Daniel W. Fisher, who stepped down without disagreement with the company.
Daniel J. Rabbitt was named Chief Financial Officer, effective immediately, after serving as interim CFO since May 2025.
In connection with his appointment, Lewis will have a $1,000,000 base salary, 150% annual cash incentive target and be eligible for $7,000,000 in annual equity awards; Rabbitt’s package includes a $700,000 base salary, 90% cash incentive target and equity awards at 200% of base salary, all prorated for 2025 and commencing fully in fiscal 2026.
The company reaffirmed its 2025 full-year comparable diluted EPS growth outlook of 12–15%, expecting strong free cash flow, increased EVA and continued shareholder value generation.

Nov 10, 2025, 2:02 PM

8-K

Ball Corporation appoints Ronald J. Lewis as CEO and announces board and leadership transitions

BALL

CEO Change

Board Change

CFO Change

Ronald J. Lewis has been appointed Chief Executive Officer, effective immediately, succeeding Daniel W. Fisher.
Stuart A. Taylor II was elected Chairman of the Board, in addition to his role as Lead Independent Director.
Daniel J. Rabbitt, interim CFO since May, is named Chief Financial Officer, bringing over two decades of financial leadership at Ball.
The company reaffirmed its full-year comparable diluted EPS growth outlook of 12–15% and remains positioned for strong free cash flow and shareholder value creation in 2025.

Nov 10, 2025, 2:00 PM

Press Release

Ball announces Q3 2025 results and 2025 guidance

BALL

Earnings

Guidance Update

Share Buyback

Ball reported 4.2% beverage can volume growth, 5.1% comparable operating earnings increase, and 12.1% comparable diluted EPS growth, with comparable net earnings of $277 million in Q3 2025.
Year-to-date, Ball has returned $1.35 billion to shareholders via share repurchases and dividends, and plans at least $1.3 billion more in share buybacks in 2025.
The company reiterates full-year 2025 guidance of 12%–15% comparable EPS growth, expects global volume to exceed its 2%–3% long-term range, and sees all segments performing in line with or ahead of targets.
CFO guidance includes year-end net debt/EBITDA slightly above 2.75×, CapEx below D&A, adjusted free cash flow roughly equal to comparable net earnings, full-year interest expense of $320 million, and an effective tax rate just above 22%.

Nov 4, 2025, 4:00 PM

Transcript

Ball Corporation reports Q3 2025 results

BALL

Earnings

Guidance Update

Share Buyback

Ball delivered 4.2% volume growth, 5.1% increase in comparable operating earnings, and 12.1% rise in comparable diluted EPS, achieving $277 million of comparable net earnings in Q3 2025.
By region, North & Central America comparable operating earnings rose 3.5%, EMEA increased 14.8%, and South America grew 2.6%, with mid-single-digit volume gains across all markets.
Management reaffirmed full-year 2025 targets of 12%–15% comparable EPS growth, global volume growth above the long-term 2%–3% range, and expects all segments to perform in line with or ahead of long-term targets.
Through Q3, Ball has returned $1.35 billion to shareholders via buybacks and dividends, will repurchase at least $1.3 billion in 2025 (with $1.2 billion already executed), and anticipates year-end net debt/EBITDA slightly above 2.75×; CapEx is expected below depreciation.

Nov 4, 2025, 4:00 PM

Transcript

Ball reports Q3 2025 results

BALL

Earnings

Share Buyback

Dividends

GAAP diluted EPS of $1.18 vs. $0.65 in Q3 2024; comparable diluted EPS of $1.02, up 12.1% YoY
Net sales of $3.38 billion vs. $3.08 billion in Q3 2024, with global aluminum packaging shipments up 3.9%
North & Central America segment comparable operating earnings of $210 million on sales of $1.64 billion; volumes grew mid-single digits
Returned $1.27 billion to shareholders via share repurchases and dividends through nine months, on track for at least $1.5 billion by year-end

Nov 4, 2025, 1:05 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for BALL.

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