Ball Q2 2024 Earnings Report
Key Takeaways
Ball Corporation reported second-quarter net earnings attributable to the corporation of $158 million, or $0.51 per diluted share, on sales of $2.96 billion. Comparable diluted earnings per share were $0.74. The company returned $790 million to shareholders in the first half of 2024 and is on track to return in excess of $1.6 billion by year-end.
Second quarter U.S. GAAP total diluted earnings per share of 51 cents vs. 55 cents in 2023
Second quarter comparable diluted earnings per share of 74 cents vs. 61 cents in 2023
Global beverage can shipments increased 2.8% and global aluminum aerosol shipments increased 5.6%
Returned $790 million to shareholders via share repurchases and dividends in the first half of 2024; on track to return in excess of $1.6 billion to shareholders by year-end
Ball
Ball
Ball Revenue by Segment
Forward Guidance
Ball Corporation is on track to deliver or exceed against stated goals, positioned to achieve mid-single digit plus comparable diluted earnings per share growth and generate strong free cash flow in 2024.
Positive Outlook
- On track to return in excess of $1.6 billion to shareholders in 2024.
- Leveraging strengths of best-in-class footprint, product portfolio and operational talent.
- Focused on executing enterprise-wide strategy with purpose and pace.
- Advancing aluminum packaging.
- Consistently delivering high-quality results, products and returns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income