BALL · Industrials

BALL Corp

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Free Cash Flow and LiquidityImportance 68 · Surprise 42
  Ball reaffirmed its expectation for 2026 free cash flow above $900 million. The company reported negative free cash flow during the first half of 2026, making a substantial second-half improvement necessary to reach…

News · 2026-08-05

• Guidance / OutlookImportance 78 · Surprise 58
  Ball reaffirmed its 2026 outlook for comparable diluted EPS growth of at least 10%. Management also expects full-year 2026 free cash flow above $900 million. The outlook was maintained despite higher North American…
• Free Cash Flow and LiquidityImportance 68 · Surprise 42
  Ball reaffirmed its expectation for 2026 free cash flow above $900 million. The company reported negative free cash flow during the first half of 2026, making a substantial second-half improvement necessary to reach…
• Revenue Performance and MixImportance 54 · Surprise 40
  Ball’s second-quarter 2026 sales increased 19.7% year over year to $3.997 billion from $3.338 billion. Global aluminum packaging volumes rose 4.3% year over year, with growth in each region. Revenue growth was driven…
• Operating Margin DriversImportance 25 · Surprise 32
  Comparable operating earnings increased 7.7% year over year in the second quarter of 2026. Comparable operating margin narrowed to 10.8% from 12.0%, despite the 19.7% increase in sales. The margin decline reflected…
• Competition and Market ShareImportance 23 · Surprise 24
  Ball continues to gain market share for aluminum cans, supported by sustainability-driven demand. The company is described as the world’s largest metal-can manufacturer, with more than 30% market share in North…

10-Q · 2026-08-04

• Capital Return ProgramImportance 93 · Surprise 82
  Ball repurchased $115 million of common stock in the first six months of 2026, down from $1.02 billion in the comparable 2025 period. The company plans approximately $600 million of share repurchases during full-year…
• Capital Expenditure ProgramImportance 64 · Surprise 42
  Ball expects 2026 property, plant and equipment capital expenditures of approximately $600 million. The company spent $302 million on capital expenditures during the first six months of 2026. Approximately $299 million…
• Revenue Performance and MixImportance 59 · Surprise 48
  Second-quarter 2026 consolidated sales increased $659 million, or approximately 20%, to $3.997 billion from $3.338 billion, driven by $542 million of price/mix increases and $65 million of higher volume. First-half…
• Operating Margin DriversImportance 59 · Surprise 48
  Cost of sales excluding depreciation and amortization increased $610 million to $3.300 billion in the second quarter and $1.074 billion to $6.257 billion in the first half of 2026. Raw-material costs increased $506…
• Supply Chain ConstraintsImportance 56 · Surprise 24
  Ball purchases raw materials from relatively few suppliers, creating exposure to supplier loss, insolvency, bankruptcy or changes in major supply agreements. Rising aluminum prices increased raw-material costs by $871…
• Input Cost and Pricing ActionsImportance 56 · Surprise 24
  Ball experienced rising aluminum input prices in the six months ended June 30, 2026, increasing raw-material costs by $871 million versus the prior-year period. Customer contracts covering the majority of volume…
• Capital Expenditure OutlookImportance 56 · Surprise 24
  Ball expects 2026 capital expenditures for property, plant and equipment to be approximately $600 million. Approximately $299 million of capital expenditures were contractually committed as of June 30, 2026. The…
• Liquidity and Debt PositionImportance 54 · Surprise 14
  Total debt increased to $7.22 billion at June 30, 2026, from $7.01 billion at December 31, 2025. Ball had $1.71 billion available under its long-term multi-currency revolving facilities and $942 million available under…
• Pension Settlement ChargeImportance 53 · Surprise 60
  Ball expects a buy-out of its U.K. defined benefit pension plan in the third quarter of 2026. The transaction will trigger a noncash pension settlement charge covering plan balances and accumulated pension components…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  In January 2026, Ball acquired an 80% capital share of Benepack’s European beverage-can manufacturing business from ORG Technology Co. Ltd. The acquired business includes manufacturing facilities in Belgium and Hungary…
• Geographic Market CommentaryImportance 44 · Surprise 24
  Beverage Packaging, North and Central America six-month sales increased $706 million, primarily from $651 million of price/mix and $55 million of higher volume; operating earnings were flat as higher operating and…
• Operating Cash Flow TrendsImportance 42 · Surprise 40
  Operating activities used $169 million in the first six months of 2026, improving from $333 million used in the prior-year period. The 2026 outflow included a $1.01 billion working-capital use, partly offset by $428…
• U.K. Pension SettlementImportance 40 · Surprise 42
  Ball anticipates a buy-out of its U.K. defined benefit pension plan in the third quarter of 2026. The transaction is expected to trigger a noncash pension settlement charge recognizing all plan balances, including…
• FX / Currency HeadwindsImportance 34 · Surprise 24
  Currency translation increased consolidated sales by $131 million in the six months ended June 30, 2026, compared with the same period in 2025. In the Beverage Packaging, EMEA segment, currency translation contributed…
• Geopolitical ConflictsImportance 29 · Surprise 24
  Ball is monitoring geopolitical conflicts globally and expects potential increases in energy, transportation and aluminum costs due to effects on the global economy and supply. Management states that the conflicts…
• End-Market Demand TrendsImportance 26 · Surprise 24
  Ball describes the global aluminum packaging industry as growing and expected to continue growing over the medium to long term. Demand is supported by large multinational beverage, personal care and household products…
• Manufacturing and CapacityImportance 26 · Surprise 24
  Ball’s manufacturing footprint includes best-in-class aluminum packaging facilities serving its global beverage packaging operations. In North and Central America, higher operating costs and plant start-up costs…

Earnings call · 2026-08-04

• Guidance and OutlookImportance 82 · Surprise 100
  Ball maintained its 2026 goal of more than 10% comparable diluted EPS growth. Management expects full-year global volume growth of approximately 3%, with North and Central America at the low end of its 1% to 3% range,…
• Guidance / OutlookImportance 70 · Surprise 40
  Ball maintained its 2026 framework of more than 10% comparable diluted EPS growth, free cash flow above $900 million and approximately $800 million of shareholder returns. Management expects full-year volume growth…
• Capital Return ProgramImportance 68 · Surprise 42
  Ball expects to return approximately $800 million to shareholders in 2026. The plan includes at least $600 million of share repurchases and approximately $200 million of dividends. Through the first half of 2026, Ball…
• Free Cash Flow and LiquidityImportance 60 · Surprise 24
  Ball expects 2026 free cash flow to exceed $900 million. Management described the balance sheet as healthy and expects free-cash-flow generation to be concentrated in the second half of the year. The company is using…
• Outstanding IndebtednessImportance 50 · Surprise 24
  Ball expects full-year 2026 interest expense of approximately $310 million. Management projects year-end 2026 net debt to comparable EBITDA of around 2.7 times. The company linked its leverage discipline to the timing…
• Manufacturing Capacity ExpansionImportance 46 · Surprise 42
  Millersburg began producing commercial cans in July 2026 and is expected to provide substantially its full value beginning in the first quarter of 2027. The one-line Oregon plant will produce standard-sized cans and…
• Customer Contracted DemandImportance 44 · Surprise 24
  Ball said its portfolio remains well contracted and that more than 50% of expected volume through the end of the decade is already sold out. Management cited long-term customer partnerships and strong service levels as…
• India Market ExpansionImportance 44 · Surprise 58
  Management described India as a high-growth opportunity within EMEA, with can growth above the mid-teens for an extended period. Ball has expanded capacity at one of its two Indian plants and announced another capacity…
• Geographic Market CommentaryImportance 44 · Surprise 58
  Ball described India as a major long-term growth opportunity within EMEA, with can growth exceeding the teens and supported by governmental changes. The company has announced capacity expansion at one of its two Indian…
• Acquisition / Partnership / DivestitureImportance 40 · Surprise 42
  Ball is integrating Benepack’s Hungary and Belgium facilities into its EMEA network during 2026. Benepack contributed to EMEA volume growth, while the prior-year sale of Ball’s Saudi Arabian business reduced reported…
• Capital Expenditure OutlookImportance 40 · Surprise 42
  Ball is investing to relieve tight capacity in North America and EMEA while maintaining financial discipline. The Millersburg, Oregon facility began producing commercial cans in July 2026, is expected to ramp…
• North American Capacity ConstraintsImportance 37 · Surprise 42
  Ball said North American capacity remains notably tight, limiting its ability to capture additional demand from major events such as America 250 and the World Cup. Strong volumes and orders in North America created…
• Income Tax Rate ChangesImportance 36 · Surprise 24
  Ball expects its full-year 2026 effective tax rate on comparable earnings to be slightly above 23%. Management provided the tax-rate outlook as part of its 2026 financial framework. The call did not quantify a…
• Capital Expenditure PlanImportance 34 · Surprise 42
  Ball expects 2026 capital expenditures to be in line with GAAP depreciation and amortization. The company is investing in the Millersburg, Oregon facility, which began producing commercial cans in July 2026 and is…
• Operating Margin DriversImportance 31 · Surprise 32
  Comparable operating earnings grew 7.7% year over year in the second quarter, supported by cost discipline, commercial performance and the Ball Business System. North and Central America comparable operating earnings…
• Market Demand TrendsImportance 31 · Surprise 32
  Global shipped beverage-can volumes increased 4.3% year over year, with growth in North and Central America, EMEA, and South America. Ball said packaged liquid volume continues to grow globally and aluminum cans are…
• Competition and Market ShareImportance 31 · Surprise 32
  Ball said aluminum cans continue to take share from other packaging substrates in North America, where cans grew about 2% to 3% while the broader beverage market was relatively flat. Management characterized the North…
• Regional Volume PerformanceImportance 30 · Surprise 40
  North and Central American volumes increased low single digits, with constructive demand in energy drinks and nonalcoholic beverages. EMEA volumes rose mid-single digits, supported by underlying demand, the Hungary and…
• Revenue Performance and MixImportance 25 · Surprise 32
  Global shipped beverage-can volumes increased 4.3% year over year in the second quarter, with growth in every region. North and Central America volumes rose low single digits, EMEA volumes increased mid-single digits,…
• Trade Policy and TariffsImportance 25 · Surprise 42
  Management said it does not expect significant near- or medium-term effects from the July 2026 changes to U.S. Section 232 aluminum policy. Ball stated that the incentives for domestic aluminum production were not…
• Headcount / RestructuringImportance 10 · Surprise 6
  Ball reported a workforce of approximately 16,000 employees supporting operations and customer service. Management said standardization, cost discipline and the Ball Business System are reducing complexity and…

8-K · 2026-08-04

• Guidance / OutlookImportance 85 · Surprise 76
  Ball expects comparable diluted EPS growth of more than 10% and free cash flow above $900 million for full-year 2026. Management remains on track to return at least $800 million to shareholders through buybacks and…
• Capital Expenditures ProgramImportance 83 · Surprise 82
  Ball invested $302 million in capital expenditures during the first six months of 2026, up 70.6% from $177 million in the prior-year period. Capital expenditures exceeded operating cash flow of negative $169 million,…
• Acquisition / Partnership / DivestitureImportance 78 · Surprise 100
  In January 2026, Ball acquired an 80% capital share of Benepack’s European beverage-can manufacturing business from ORG Technology Co. Ltd., while ORG retained 20%. The transaction includes manufacturing facilities in…
• Operating Cash Flow TrendsImportance 64 · Surprise 56
  Cash used in operating activities improved to $169 million in the first six months of 2026 from $333 million used in the prior-year period. Working-capital changes used $1.012 billion in 2026, compared with $838…
• Capital Return ProgramImportance 62 · Surprise 42
  Ball returned $222 million to shareholders through share repurchases and dividends during the first six months of 2026. The company repurchased $115 million of treasury stock and paid $107 million in dividends during…
• Headcount / RestructuringImportance 54 · Surprise 74
  Business consolidation and other activities charges were $22 million in the second quarter and $33 million in the first six months, compared with $12 million and $25 million, respectively, in 2025. The 2026 charges…
• Segment Revenue PerformanceImportance 52 · Surprise 30
  North and Central America sales increased 24.3% year over year to $2.006 billion, with low-single-digit volume growth and higher aluminum prices supporting price/mix. EMEA sales increased 10.6% to $1.242 billion,…
• Geographic Market CommentaryImportance 51 · Surprise 64
  Demand was strongest in South America, where beverage packaging volume increased by a mid-teen percentage year over year and comparable operating earnings rose to $82 million from $50 million. EMEA beverage packaging…
• Liquidity and Debt PositionImportance 49 · Surprise 32
  At June 30, 2026, Ball held $491 million of cash and cash equivalents and $7.220 billion of total debt, producing net debt of $6.729 billion. Total debt increased from $7.012 billion at December 31, 2025, while cash…
• Revenue Performance and MixImportance 47 · Surprise 22
  Second-quarter 2026 net sales increased 19.7% year over year to $3.997 billion from $3.338 billion, while six-month sales rose 18.1% to $7.600 billion from $6.435 billion. Global aluminum packaging shipments increased…
• Segment ProfitabilityImportance 42 · Surprise 14
  Comparable operating earnings increased 7.7% year over year to $433 million in the second quarter and 8.8% to $820 million in the first six months. North and Central America comparable operating earnings declined 2.4%…
• Trade Policy and TariffsImportance 40 · Surprise 42
  Ball recorded business consolidation and other activity charges of $22 million in the second quarter of 2026 and $33 million in the first six months. The company said these charges were primarily composed of expenses…
• Operating Expense TrendsImportance 35 · Surprise 22
  Selling, general and administrative expense increased 19.0% year over year to $163 million in the second quarter from $137 million, and increased 9.4% to $313 million for the first six months. Six-month depreciation…
• Manufacturing and CapacityImportance 31 · Surprise 42
  Ball incurred plant start-up costs in North and Central America during the quarter, contributing to lower segment comparable operating earnings despite higher volume. The company’s EMEA footprint includes facilities in…
• End-Market Demand TrendsImportance 25 · Surprise 32
  Global aluminum packaging shipments increased 4.3% in the second quarter of 2026. Beverage packaging volume increased by a low-single-digit percentage in North and Central America, a mid-single-digit percentage in…
• Input Cost and Pricing ActionsImportance 10 · Surprise 6
  Higher aluminum prices increased reported sales and contributed to favorable price/mix in North and Central America and South America. Ball said favorable price/mix also benefited EMEA results, partially offsetting…