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Jun 30, 2022
Ball Q2 2022 Earnings Report
Reported a net loss due to non-cash impairment for Russian operations and delivered stable comparable operating earnings amid cost inflation and demand volatility.
Key Takeaways
Ball Corporation reported a net loss of $174 million, or a loss of 55 cents per diluted share, on sales of $4.13 billion. Comparable earnings per diluted share were 82 cents. The company is rephasing certain beverage can growth capital projects and optimizing production capabilities.
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 2022
Second quarter comparable earnings per diluted share of 82 cents vs. 86 cents in 2021
Global beverage can shipments up 3.3%; multi-year sustainability and growth thesis intact
Strong aerospace backlog and contracts won-not-booked of $3.0 billion and $4.7 billion, respectively
Ball
Ball
Ball Revenue by Segment
Revenue by Segment
North & Central America Revenue
CapyFin.comEMEA Revenue
CapyFin.comSouth America Revenue
CapyFin.com Forward Guidance
Ball Corporation is well-positioned for medium-term and long-term growth and returning significant value to shareholders through share repurchases and dividends.
Positive Outlook
- Business execution
- Being good stewards of our cash
- Controlling the things we can control in today’s global economic and geopolitical environments is key
- Our company’s resiliency, financial strength, recession resistant business portfolio and low cost of capital continue to provide stability, optionality and opportunities for long-term growth
- Well-positioned for medium-term and long-term growth and returning significant value to shareholders through share repurchases and dividends
Challenges Ahead
- Global economic environments
- Geopolitical environments
- Inflationary costs
- Economic volatility
- Associated effects
Revenue & Expenses
Visualization of income flow from segment revenue to net income