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Ball Corporation reported a strong second quarter of 2021, with net earnings of $202 million, or 61 cents per diluted share, on sales of $3.5 billion, a rise from $94 million in Q2 2020. Year-to-date earnings reached $402 million, with comparable earnings per share of 86 cents, up 32% year-over-year attributed to 13% growth in aluminum beverage volume. The company also expanded operations with new manufacturing facilities and secured significant aerospace contracts, boosting its backlog to $3 billion. Ball aims to continue investing in growth while returning value to shareholders through increased dividends and share repurchases.
Ball Aerospace has successfully completed the preliminary design review (PDR) for NOAA's SWFO-L1 spacecraft, which will monitor solar storm activity. This spacecraft, awarded to Ball on June 25, 2020, will gather critical solar wind data once launched into L1 orbit. The satellite is based on the versatile Ball Configurable Platform, designed for efficient production and flexibility. Dr. Makenzie Lystrup emphasized the mission's significance for protecting astronauts and infrastructure from solar weather events. With 2020 net sales of $11.8 billion, Ball continues to support vital space initiatives.
Ball Corporation's (NYSE: BLL) board declared a 33% increase in its quarterly cash dividend, now at 20 cents per share, payable on September 15, 2021. This decision reflects the company's commitment to shareholder value creation, supported by expectations of significant cash from operations and earnings growth. They also announced a $500 million stock repurchase program and aim to buy back approximately 35 million shares. The company reported $11.8 billion in sales for 2020 and will announce Q2 2021 earnings on August 5, 2021.
Ball Corporation (NYSE: BLL) plans to enhance manufacturing capacity with new facilities in the UK and Russia, responding to rising demand for sustainable aluminum beverage packaging. The UK site at SEGRO Park Kettering will be Ball's third, supporting local customers with various drink options from 2023. In Russia, a new plant in Ulyanovsk aims to meet the growing market, particularly for beer and energy drinks, following a cooperation agreement with the regional government. Both plants will create up to 200 skilled jobs.
Ball Corporation (NYSE: BLL) will announce its Q2 2021 earnings on August 5, 2021, before the market opens. A conference call is scheduled for 9 a.m. Mountain Time on the same day to discuss the results. For those unable to join live, a replay will be available until August 12, 2021. Ball Corporation specializes in sustainable aluminum packaging solutions and reported 2020 net sales of $11.8 billion. For more details, visit their investor relations page.
Ball Corporation (NYSE: BLL) will present at the 2021 Deutsche Bank Global Basic Materials Conference on June 9, 2021, at 2:15 p.m. ET. Scott C. Morrison, CFO, will lead the presentation, which can be accessed via a live webcast. A replay will be available for 90 days post-event on their investor relations website. Ball Corporation, a key player in aluminum packaging and aerospace technologies, reported $11.8 billion in net sales for 2020 and employs 21,500 people globally.
Ball Aerospace has shipped NASA's Tropospheric Emission: Monitoring of Pollution (TEMPO) spectrometer for integration into a spacecraft. This air quality instrument is set to launch in 2022 and will monitor major air pollutants across North America, making hourly measurements. Built in conjunction with the Geostationary Environmental Monitoring Spectrometer, TEMPO aims to provide critical data on nitrogen dioxide, ozone, and sulfur dioxide. Ball Aerospace, leveraging 40 years of experience, is involved in other environmental missions, enhancing global air quality monitoring.
Ball Corporation (NYSE: BLL) announced the nationwide retail launch of its Ball Aluminum Cup™, available in over 18,000 major retailers, including Kroger and Target. This innovative product aims to address packaging waste and promote sustainability, resonating with consumer demand for recyclable solutions. The aluminum cup is now the #3 best-selling product in its category on Amazon, indicating strong market performance since its limited pilot in 2019. Produced domestically in Georgia, the cups are available in 16-ounce and 20-ounce formats.
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