BLL - BLL STOCK NEWS

Ball Corporation (NYSE: BLL) and Anheuser-Busch have partnered to introduce the “Ball Aluminum Cup” at SoFi Stadium for the Big Game on February 13, 2022. This collaboration emphasizes a commitment to sustainability, with the aluminum cups available in multiple sizes. The initiative supports Anheuser-Busch's 2025 sustainability goals, aiming for 100% of packaging to be made from recycled content. Fans can purchase these cups online and at various retailers. The companies aim to enhance recycling efforts and promote sustainable practices in sports venues, contributing to a circular economy.

Ball Corporation (NYSE: BLL) reported robust financial performance for 2021, with net earnings of $878 million ($2.65 per diluted share) on sales of $13.8 billion, a significant increase from 2020's $585 million ($1.76 per diluted share). Comparable net earnings rose to $1.16 billion ($3.49 per diluted share) from $987 million in 2020. The fourth quarter saw net earnings of $297 million ($0.90 per diluted share), driven by a 20% year-over-year increase in comparable earnings. The company emphasized strong demand for sustainable aluminum packaging and plans for expansion, despite supply chain challenges.

Ball Corporation's Board declared a cash dividend of 20 cents per share, payable on March 15, 2022, to shareholders of record by March 1, 2022. Additionally, the Board amended company bylaws to declassify the board structure, allow shareholders to amend bylaws, and increase director retirement age from 72 to 75. The company plans to recommend these bylaw amendments to shareholders at the upcoming meeting. Ball will report its fourth quarter 2021 earnings on January 27, 2022.

Ball Corporation (NYSE: BLL) announced that Dan Fisher will become the new CEO effective April 27, 2022, succeeding John Hayes, who will remain as chairman. Fisher, who has served as president since January 2021, brings over 12 years of leadership experience in various roles, including overseeing the global beverage business. The succession plan is part of a multi-year strategy, ensuring a smooth transition in leadership. The company has reported $11.8 billion in net sales for 2020 and remains focused on sustainable aluminum packaging solutions.

Ball Corporation (NYSE: BLL) will announce its fourth quarter 2021 earnings on January 27, 2022, before the market opens. A quarterly conference call is scheduled for 9 a.m. Mountain time on the same day to discuss the results. Interested parties can join via a toll-free number or through a webcast. A taped replay will be available shortly after the call. In 2020, Ball reported net sales of $11.8 billion and employs around 21,500 people globally.

Ball Aerospace celebrates the successful launch of NASA's James Webb Space Telescope on December 25, 2021, from French Guiana. The Colorado-based firm designed the telescope's advanced optical technology and innovative mirror system, crucial for deep-space observations. The telescope features an extensive 25 square-meter mirror system with 18 beryllium segments, operating at -406°F for infrared imaging. Ball's collaboration with NASA and Northrop Grumman highlights its expertise, as the firm also supports future space missions like the Nancy Grace Roman Space Telescope.

On December 20, 2021, Ball Corporation (NYSE:BLL) announced the sale of Ball Metalpack to Sonoco (NYSE:SON) for approximately $1.35 billion. The sale is subject to regulatory review and is expected to close in Q1 2022. Ball Metalpack, a joint venture between Platinum Equity and Ball Corporation, focuses on sustainable steel containers for various products. The transaction aims to enhance shareholder value through potential share buybacks and dividends, following a successful transformation program over three years that invested $100 million in operational improvements.

NASA's Imaging X-Ray Polarimetry Explorer (IXPE) spacecraft, built by Ball Aerospace, successfully launched on December 9, 2021, aboard a SpaceX Falcon 9 rocket from Kennedy Space Center, Florida. The IXPE will observe polarized X-rays from extreme cosmic objects like neutron stars and black holes. This mission aims to enhance the understanding of the universe's mysteries, including black holes and dark energy. Ball Aerospace also contributed the IXPE spacecraft components and conducted its integration and testing, emphasizing its commitment to advancing sustainable aerospace technology.