Welcome to our dedicated page for BLL news (Ticker: BLL), a resource for investors and traders seeking the latest updates and insights on BLL stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BLL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BLL's position in the market.
Ball Corporation and Novelis have joined the World Economic Forum's First Movers Coalition, aiming to enhance circularity within the aluminum industry. Both companies plan to purchase 10% of primary aluminum with near-zero carbon emissions by 2030 and ensure at least 50% of their aluminum is sourced from recycled materials by the same year. The commitment aligns with the initiative to decarbonize industrial sectors contributing 30% of global emissions, with aluminum alone accounting for 2%. Ball aims for 85% recycled content in its beverage packaging by 2030.
Manna Capital Partners and Ball Corporation have formed an alliance to establish an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. This partnership aims to enhance the domestic supply chain for aluminum beverage packaging, which is projected to see a significant uptick in demand by 2030. Ball will secure a long-term supply agreement and a minority equity position in the mill. The collaboration is expected to create skilled jobs and help meet sustainability goals by increasing recycled content in products.
Ball Corporation has signed a virtual power purchase agreement to acquire 151 megawatts of wind energy from NextEra Energy Resources, aimed at reducing greenhouse gas emissions by approximately 30%. This project will generate 600,000 megawatt hours of clean energy annually, covering nearly half of Ball's North American manufacturing facilities' electricity needs. By 2024, the company expects to be 65% towards its goal of sourcing 100% renewable electricity globally by 2030. The initiative marks a significant step in Ball's sustainability strategy, supporting its net-zero emissions target before 2050.
Ball Corporation (NYSE: BLL) has announced a $300 million stock buyback agreement through an accelerated repurchase transaction with Mizuho Markets Americas LLC. This initiative will retire about 4.3 million shares, with an additional 21 million shares available for repurchase. The buyback aligns with the company's strategy to enhance shareholder value through stock repurchases and dividends. Notably, the company's stock ticker will change from BLL to BALL effective May 10, 2022.
Ball Corporation (NYSE: BLL) will present at the 2022 Goldman Sachs Industrials and Materials Conference on May 12, 2022, at 2:40 p.m. Eastern Time. CEO Dan Fisher is set to provide insights to the investment community via a live webcast. Investors can access the presentation link and also find a replay available for 30 days afterward on the company's investor website. Ball Corporation is a leading supplier of aluminum packaging, reporting 2021 net sales of $13.8 billion and employing approximately 24,300 people globally.
Ball Corporation (NYSE: BLL) reported strong Q1 2022 results with U.S. GAAP earnings per diluted share at $1.37, significantly up from 60 cents in 2021. Comparable earnings rose 7% to 77 cents, driven by a 10% increase in beverage can shipments. Aerospace backlog reached $3.2 billion, up 28% from year-end 2021. The company plans to return up to $1.75 billion to shareholders and invest $1.8 billion in capital expenditures. Notably, Ball announced the exit from Russia amidst ongoing humanitarian efforts in Ukraine.
Ball Corporation announced a partnership with Coldplay to enhance sustainability at the Music Of The Spheres World Tour. Starting May 6, 2022, the collaboration focuses on using Ball Aluminum Cups, made from 90% recycled content, to replace millions of single-use plastic cups. This initiative aims to minimize environmental impact and strengthen recycling efforts during the tour. Coldplay's sustainability commitments include reducing carbon emissions, supporting green technologies, and restoring nature-based projects. The tour will also feature energy-generating kinetic floors and bikes, further promoting eco-friendly practices.
Ball Corporation and Sodexo Live! have expanded their partnership to enhance sustainability in sports and entertainment by introducing millions of infinitely recyclable Ball Aluminum Cups™ in the U.S. and Canada. This initiative aims to promote recycling and sustainable practices among fans at major venues. With 90% recycled content, these cups are recognized for their innovative design. The partnership complements Sodexo's Better Tomorrow 2025 goals for responsible practices. Ball's commitment to sustainability is further emphasized as they engage fans in a circular economy approach.
Ball Corporation's board has declared a cash dividend of 20 cents per share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. In a notable change, the company will also change its ticker symbol from BLL to BALL, effective May 10, 2022, marking its 50th anniversary as a public company. The first quarter 2022 earnings will be announced on May 5, 2022, with a conference call scheduled for the same day.
Ball Corporation (NYSE: BLL) announced that its Ball Aluminum Cup™ won a Gold Edison Award in the Consumer Solutions: Sustainability category. This award, recognizing innovation and positive impacts, highlights the cup's features, including its 90% recycled content—the highest in its category. The aluminum cups are designed to support sustainability in sports and entertainment venues, promoting a circular economy in beverage packaging. The company continues to leverage its expertise in aluminum packaging to meet growing consumer demand for sustainable solutions.
FAQ
What is the market cap of BLL (BLL)?
