a95d64b6772e49989f0d592ec73a9f8290e1059917e9e1f03a4ae162231bf39d

e4b733df3d562b481a55e8b18ccc6fbf8133dbb0830b97907ac34b36259393cb

Net Sales (USD, millions)

Cost of Sales (excluding Depreciation and Amortization) (USD, millions)

Depreciation and Amortization (USD, millions)

Selling, General and Administrative (USD, millions)

Business Consolidation and Other Activities (USD, millions)

Interest Income (USD, millions)

Interest Expense (USD, millions)

Debt Refinancing and Other Costs (USD, millions)

Earnings Before Taxes (USD, millions)

Tax (Provision) Benefit (USD, millions)

Equity in Results of Affiliates, Net of Tax (USD, millions)

Earnings from Continuing Operations (USD, millions)

Discontinued Operations, Net of Tax (USD, millions)

Net Earnings (USD, millions)

Net Earnings Attributable to Noncontrolling Interests (USD, millions)

Net Earnings Attributable to Ball Corporation (USD, millions)

7641b3569757ea015e18bbb827e3a2db3ec7d5f34b57726a6050297c69f6852a

Beverage Packaging, North and Central America

Beverage Packaging, EMEA

Beverage Packaging, South America

Aerospace

Other

U.S.

Brazil

Metal Beverage Packaging, Americas & Asia

Metal Beverage Packaging, Europe

Metal Food & Household Products Packaging

Aerospace & Technologies

Corporate and Intercompany Eliminations

- Foreign

Total Revenue

6295ab4a498ecd98026841cedc767ea1b7274f29319acd5dd9f947cf30290ce4

Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from Debt [USD, Millions]

Repayments of Debt [USD, Millions]

Share Repurchases [Shares, Units]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

2f9e34b3c8cc6192937904c8e50e6a3bf588a21fdc728f231e9da21c11b9d750

Net earnings in Q1 2024 were exceptionally high primarily because **Ball Corporation recorded a net after-tax gain of $3.47 billion from the sale of its aerospace business**, which was the most significant contributor to the overall earnings increase. Additionally, earnings from discontinued operations surged by **$3.56 billion**, while **incremental compensation costs of $79 million** were incurred—factors that, together, led to the dramatic rise in net earnings compared to Q1 2023.  **[20240426LA98118:0]** **[20240426LA98118:11]** **[0000009389-24-000027_ball-20240426xex99.htm:0]** 

Why was Net Earnings so high in Q1 2024?

The surge in discontinued operations in Q1 2024 was primarily driven by the divestiture of Ball Corporation’s aerospace business. The sale to BAE Systems for **$5.6 billion** resulted in a **pre-tax gain of $4.67 billion**, which significantly boosted discontinued operations. This gain was partially offset by a **tax provision of $1,115 million** related to the transaction, and the strategic reclassification of financial results, collectively propelling the reported increase from **$52 million** in Q1 2023 to **$3,607 million** in Q1 2024.  **[20240426LA98118:9]** **[0001558370-24-006975_ball-20240331x10q.htm:9]** **[0001558370-24-006975_ball-20240331x10q.htm:25]** 

What drove the surge in Discontinued Operations in Q1 2024?

Ball Corporation's Q1 2024 net sales were lower primarily because **lower aluminum prices** reduced sales prices, contributing to a **$142 million** decline, and there were **volume changes** where shipments in North and Central America and sales in EMEA decreased, despite an offsetting increase in South America. This combination led to an overall net sales decrease of **$107 million** compared to Q1 2023.  **[0001558370-24-006975_ball-20240331x10q.htm:27]** **[0001558370-24-006975_ball-20240331x10q.htm:25]** 

Why were Net Sales lower in Q1 2024?

The documents indicate that **Ball Corporation's interest income increased from $12 million in Q3 2023 to $14 million in Q3 2024**. However, they do not provide specific details on what led to its appearance. The possible explanations mentioned include factors such as **higher interest rates**, **changes in cash balances**, or **adjustments in the company's investment strategy**, but none of these reasons are definitively confirmed in the provided information.  **[20241031LA44950:4]** **[0001558370-24-014033_ball-20240930x10q.htm:2]** **[0001558370-24-014033_ball-20240930x10q.htm:30]** 

What led to the appearance of Interest Income in Q3 2024?

99c57cc89cfd27a126fac240ff77ac6802806bed2c2d682060fe9b3a9d530d41

Deferred Tax Provision (Benefit) (USD, millions)

Gain on Aerospace Disposal (USD, millions)

Pension Contributions (USD, millions)

Other, Net - Operating Activities (USD, millions)

Changes in Working Capital Components, Net of Dispositions (USD, millions)

Cash Provided by (Used in) Operating Activities (USD, millions)

Capital Expenditures (USD, millions)

Business Dispositions, Net of Cash Sold (USD, millions)

Other, Net - Investing Activities (USD, millions)

Cash Provided by (Used in) Investing Activities (USD, millions)

Repayments of Long-term Borrowings (USD, millions)

Net Change in Short-term Borrowings (USD, millions)

Acquisitions of Treasury Stock (USD, millions)

Common Stock Dividends (USD, millions)

Other, Net - Financing Activities (USD, millions)

Cash Provided by (Used in) Financing Activities (USD, millions)

Effect of Exchange Rate Changes on Cash (USD, millions)

Change in Cash, Cash Equivalents and Restricted Cash (USD, millions)

Long-term Borrowings (USD, millions)

Cash, Cash Equivalents and Restricted Cash - Beginning of Period (USD, millions)

Cash, Cash Equivalents and Restricted Cash - End of Period (USD, millions)

c6cb935a9a366ea5d4910aa41b0a727495a1414421c9d4db26592d8859a62097

Food and Aerosol Packaging

99db277935017a1a16f6ff7ed4268b68bf4029b5f422fe2b14c5d7d4c38b2a56

Cash and cash equivalents (USD, millions)

Receivables, net (USD, millions)

Inventories, net (USD, millions)

Other current assets (USD, millions)

Current assets held for sale (USD, millions)

Total current assets (USD, millions)

Property, plant and equipment, net (USD, millions)

Goodwill (USD, millions)

Intangible assets, net (USD, millions)

Other assets (USD, millions)

Total assets (USD, millions)

Short-term debt and current portion of long-term debt (USD, millions)

Accounts payable (USD, millions)

Accrued employee costs (USD, millions)

Other current liabilities (USD, millions)

Current liabilities held for sale (USD, millions)

Total current liabilities (USD, millions)

Long-term debt (USD, millions)

Employee benefit obligations (USD, millions)

Deferred taxes (USD, millions)

Other liabilities (USD, millions)

Total liabilities (USD, millions)

Common stock (USD, millions)

Retained earnings (USD, millions)

Accumulated other comprehensive earnings (loss) (USD, millions)

Treasury stock, at cost (USD, millions)

Total Ball Corporation shareholders' equity (USD, millions)

Noncontrolling interests (USD, millions)

Total equity (USD, millions)

Total liabilities and equity (USD, millions)

e23629b2dfa8e4568340e83c6db22451ce6d4da219cde0e1392e5315c9977a80

Ball Corp (BALL)

Financials