Ball Corp Earned $1.10 per Share

Before the opening bell, Ball Corp. (BLL) reported Q3 earnings of $1.10 per share. That topped estimates by 15 cents per share. Revenues, however, fell 6.3% to $2.1 billion.

“Results from operations and global metal packaging volumes were in line with our expectations for the quarter. Foreign currency translation headwinds and project start-up costs both continued, the impact of which totaled 11 cents in the third quarter and 45 cents year-to-date, including net aluminum premium impacts and director retirement costs,” said John A. Hayes, chairman, president and chief executive officer.


“Our third quarter was largely consistent with our expectations given anticipated currency translation and start-up cost headwinds. The difficult year-over-year volume comparisons and aluminum premiums headwinds are behind us and existing growth capital projects will provide momentum as we move into 2016,” Hayes said.

Importantly, Ball said the merger with Rexam is going as expected. They hope to close the deal in the first half of next year. The shares are down about 1% today.

Posted by on October 29th, 2015 at 3:16 pm

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