Ball Corporation - BALL STOCK NEWS

Ball Corporation, a leader in aluminum packaging and aerospace technologies, will present at the 2023 Barclays Industrials Select Conference on February 22, 2023, at 10:20 a.m. Eastern time. CEO Daniel W. Fisher and CFO Scott C. Morrison will lead the discussion, available via live webcast. A replay will be accessible for 90 days afterward on the company's investor relations website. In 2022, Ball Corporation reported net sales of $15.35 billion and employs approximately 21,000 people worldwide, providing sustainable solutions across various sectors. Investors can find more details at www.ball.com/investors.

Ball Corporation reported its 2022 financial results, highlighting a full-year GAAP diluted EPS of $2.25 on sales of $15.35 billion, down from $2.65 in 2021. The fourth quarter saw a diluted EPS of 17 cents on $3.55 billion sales, compared to 90 cents on $3.67 billion in the previous year. Beverage can shipments decreased, particularly in the fourth quarter, with a 6.1% decline globally. However, aerospace backlog increased 20% to $3.0 billion. The company aims for diluted EPS growth of 10-15% in 2023, despite challenges from inflation and the impact of the Russian business sale.

Ball Corporation (NYSE: BALL) announced a cash dividend of 20 cents per share, set for payment on March 15, 2023, to shareholders on record as of March 1, 2023. This declaration reflects the company’s commitment to returning value to its shareholders. The board also confirmed that the fourth quarter 2022 earnings report will be released on February 2, 2023, at 9 a.m. MT. Shareholders can participate in the earnings call by dialing the specified numbers or joining via webcast. Ball Corporation is known for its sustainable packaging solutions and reported 2021 net sales of $13.8 billion.

Ball Aerospace has successfully completed the spacecraft bus for the Weather System Follow-on-Microwave (WSF-M) satellite, a project for the U.S. Space Force. Final environmental testing on the Microwave Imager (MWI) instrument was also concluded, with subsequent steps including final vehicle assembly and integration underway. WSF-M aims to enhance environmental prediction capabilities for the Department of Defense, addressing critical gaps in monitoring ocean surface winds and space weather. Ball has also secured a contract modification to develop a second WSF-M vehicle, targeted for completion by late 2027.

Ball Corporation (NYSE: BALL) will disclose its fourth quarter 2022 earnings on February 2, 2023, before NYSE trading opens. A quarterly conference call will take place at 9 a.m. Mountain time (11 a.m. Eastern), where company performance will be discussed. For those unable to join live, a replay will be available until February 9, 2023. Ball Corporation specializes in sustainable aluminum packaging, employing around 24,300 people globally, with reported net sales of $13.8 billion in 2021.

Ball Aerospace has appointed Dr. Alberto Conti as vice president and general manager of its Civil Space Strategic Business Unit, effective immediately. Dr. Conti will lead various initiatives focused on science, weather, Earth observation, and advanced technologies. His previous roles include director for New Business and Innovation Solutions at Ball and innovation manager at Northrop Grumman. David Kaufman, president of Ball Aerospace, praised Conti for his strong leadership and experience, indicating that his leadership will align with the company’s strategic goals.

Ball Corporation (NYSE: BALL) priced an underwritten public offering of $750 million in 6.875% Senior Notes due 2028. The offering is expected to close on November 25, 2022. Proceeds will be used to repay approximately $528 million of 4.375% Euro denominated Senior Notes due in December 2023 and $200 million of outstanding borrowings under its U.S. revolving credit facility. BofA Securities, Citigroup, Deutsche Bank, and Goldman Sachs are acting as joint managers. The offering is under a shelf registration statement declared effective by the SEC.

Ball Corporation, on November 9, 2022, announced an underwritten public offering of $750 million in Senior Notes due 2028. Proceeds will contribute to repaying $528 million of existing Euro-denominated Senior Notes and approximately $200 million in outstanding borrowings under its U.S. revolving credit facility. The timing and terms of the offering are contingent on market conditions. The offering is managed by top financial institutions such as BofA Securities and Goldman Sachs, under a previously effective shelf registration statement.