BALL · Earnings call · 2026Q2T · Full report
Guidance and Outlook
BALL Corp · 2026-08-04 · Importance 82 · Surprise 100 · In source text
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, EMEA above its 3% to 5% range and South America at the low end or potentially middle of its 4% to 6% range. Millersburg start-up costs are expected to total approximately $35 million in 2026, including roughly $30 million in the second half, with no start-up costs expected in 2027. Ball expects free cash flow above $900 million and approximately $800 million of shareholder returns in 2026.
Key facts
- Ball expects South America volume growth at the low end of its long-term 4% to 6% range in 2026.
- Ball continues to expect to be on track with its long-term 10%-plus comparable diluted EPS growth goal for 2026.
- Ball's first half results reinforce confidence in delivering 10-plus percent comparable diluted EPS growth for the full year 2026.
- Ball expects to finish 2026 at or above its 2% to 3% long-term consolidated volume growth outlook and suggested modeling 3% for the year.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Ball expects South America volume growth at the low end of its long-term 4% to 6% range in 2026. |
| net_income | positive | committed | — | Ball continues to expect to be on track with its long-term 10%-plus comparable diluted EPS growth goal for 2026. |
| revenue | positive | committed | — | Ball expects to finish 2026 at or above its 2% to 3% long-term consolidated volume growth outlook and suggested modeling 3% for the year. |