Financial Performance - Full-year 2025 net earnings attributable to Ball Corporation were $912 million, with diluted earnings per share of $3.30 on sales of $13.16 billion, compared to $4.01 billion net earnings and $13.00 per share on $11.80 billion sales in 2024[4] - Fourth quarter 2025 net earnings were $200 million, or 75 cents per diluted share, on sales of $3.35 billion, a significant recovery from a net loss of $32 million in Q4 2024[4] - Full-year 2025 comparable net earnings were $985 million, or $3.57 per diluted share, compared to $977 million, or $3.17 per diluted share in 2024[5] - Earnings from continuing operations for the year ended December 31, 2025, were $915 million, compared to $430 million in 2024, representing a 113.5% increase[27] - Total basic earnings per share for the year 2025 were $3.33, up from $1.39 in 2024, reflecting a 139.5% increase[27] - Comparable diluted earnings per share for the fourth quarter of 2025 were $0.91, an increase from $0.84 in the same period of 2024[51] Cash Flow and Assets - The company generated record adjusted free cash flow of $956 million in 2025[7] - Cash provided by operating activities for the year 2025 was $1,262 million, significantly higher than $115 million in 2024[28] - Cash, cash equivalents, and restricted cash at the end of 2025 were $1,221 million, up from $931 million at the end of 2024[28] - Free cash flow for the year ended December 31, 2025, was $788 million, while adjusted free cash flow, accounting for cash taxes paid related to the Aerospace disposition, was $956 million[55] - Total cash provided by operating activities for the year ended December 31, 2025, was $1,262 million, with capital expenditures of $474 million[55] Shareholder Returns - Ball returned approximately $1.54 billion to shareholders through share repurchases and dividends in 2025[6] Segment Performance - Ball's beverage packaging segment in North and Central America reported comparable operating earnings of $772 million on sales of $6.29 billion for 2025, up from $747 million on $5.62 billion in 2024[9] - The EMEA beverage packaging segment saw comparable operating earnings rise to $495 million on sales of $3.98 billion in 2025, compared to $416 million on $3.47 billion in 2024[11] - Beverage packaging sales in North and Central America for Q4 2025 were $1,572 million, a 22% increase from $1,291 million in Q4 2024[41] - Comparable segment operating earnings for Beverage packaging, EMEA increased to $123 million in Q4 2025 from $90 million in Q4 2024, a 36.7% increase[41] Acquisitions and Divestitures - Ball completed the acquisition of an 80% stake in European beverage can manufacturer Benepack for approximately €184 million[13] - The company completed the acquisition of Florida Can Manufacturing for $160 million, enhancing its beverage packaging segment[39] - The divestiture of the aerospace business was completed for $5.6 billion, resulting in a pre-tax gain of $4.61 billion[40] - The company reported a gain of $81 million from the sale of its Saudi Arabian business during the year ended December 31, 2025[51] Future Outlook - For 2026, Ball expects comparable diluted earnings per share growth of over 10% and free cash flow greater than $900 million[7] - The company aims to advance sustainable aluminum packaging while driving long-term value creation and maintaining a focus on operational excellence[21] Financial Ratios - Comparable EBITDA for the year ended December 31, 2025, was $2,041 million, with a net debt of $5,800 million, resulting in an interest coverage ratio of 6.50x and a leverage ratio of 2.84x[55] Other Financial Information - The company incurred interest expenses of $314 million for the year ended December 31, 2025[55] - The company recorded a tax provision of $240 million for the year ended December 31, 2025[55] - The unrealized loss on equity-linked notes was $(1) million for the year ended December 31, 2025[55] - Business consolidation and other activities resulted in a net impact of $(41) million for the year ended December 31, 2025[55] - Total assets increased to $19,524 million in 2025 from $17,628 million in 2024, marking an increase of 10.7%[31]

Ball Reports Strong Fourth Quarter and Full-Year 2025 Results [Accessibility Statement] Skip NavigationHighlights- Focused on advancing sustainable aluminum packaging while driving 10–plus percent comparable diluted EPS growth, increasing EVA, generating strong free cash flow, and sustaining long–term value creation in 2026 and beyond- In 2026, expect comparable diluted earnings per share growth of 10-plus percent and free cash flow greater than $900 million- Completed acquisition of majority stake in Europ ...

Key Takeaways BALL is slated to report Q4 results on Feb. 3, with net sales expected to rise 8% y/y to $3.11 billion.Ball Corp faces softer demand from muted spending, but efficiency gains and cost cuts support margins.BALL saw volume recovery through Q3, with growth expected across packaging segments despite mixed income.Ball Corporation (BALL) is scheduled to report fourth-quarter 2025 results on Feb. 3, before the opening bell.The Zacks Consensus Estimate for BALL’s net sales is pegged at $3.11 billion, ...

Core Viewpoint - Ball Corporation is currently in Phase 18 of its Adhishthana cycle, indicating a prolonged consolidation phase with the stock trading between $40 and $70 for over three years [1][5]. Group 1: Phase Analysis - The analysis of Ball's Phase 18 setup requires revisiting the Guna Triads, specifically Phases 14, 15, and 16, which are crucial for determining the potential for a Nirvana move in Phase 18 [2]. - For a Nirvana move to occur, the triads must demonstrate Satoguna, characterized by a sustained bullish structure; however, the current triad phases have not shown this bullish momentum [2][4]. - The lack of a meaningful bullish structure indicates that Phase 18 is unlikely to result in a breakout or new highs, leading to expectations of sluggish trading and false rallies [4]. Group 2: Current Stock Behavior - The stock has continued to oscillate within a wide range, with no durable trend emerging, and this pattern of consolidation is expected to persist until the conclusion of Phase 18 in August [5]. - Given the weak triad structure and absence of a Nirvana setup, the outlook for Ball Corporation remains muted, suggesting that long-term investors should not view the stock as a value opportunity at this stage [6]. - The current trading environment is more suitable for range-bound strategies, particularly options structures that benefit from time decay as Phase 18 progresses [6].

Group 1 - Ball Corporation will announce its fourth quarter 2025 earnings on February 3, 2026, before trading begins on the New York Stock Exchange [1] - A quarterly conference call will be held at 7 a.m. Mountain Time (9 a.m. Eastern Time) on the same day to discuss the company's results and performance [1] - North American callers can participate in the live Q&A session by calling 877-497-9071, while international callers should use +1 201-689-8727 [1] Group 2 - Ball Corporation provides innovative and sustainable aluminum packaging solutions for beverage, personal care, and household products [2] - The company employs 16,000 people globally and reported net sales of $11.80 billion for 2024, excluding the divested aerospace business [2] - Additional information can be found on Ball's website or through their social media channels [2]

Core Viewpoint - Ball Corporation is a leading global supplier of aluminum packaging products with a market cap of $14.3 billion, serving various industries including beverage, personal care, and household products [1] Financial Performance - The company is expected to release its fiscal Q4 2025 results soon, with analysts projecting an adjusted EPS of $0.90, reflecting a 7.1% increase from $0.84 in the same quarter last year [2] - For fiscal 2025, analysts forecast an adjusted EPS of $3.57, which is a 12.6% increase from $3.17 in fiscal 2024, and an expected rise to $4.03 in fiscal 2026, marking a 12.9% year-over-year growth [3] Stock Performance - Over the past 52 weeks, Ball Corporation's shares have declined slightly, underperforming the S&P 500 Index's 16.2% gain and the State Street Materials Select Sector SPDR ETF's nearly 12% return [4] - On November 4, shares rose by 1.5% after the company reported Q3 2025 revenue of $3.38 billion, exceeding estimates, and noted a 3.9% increase in global shipments of aluminum packaging [5] Market Outlook - Analysts maintain a cautiously optimistic view on BALL stock, with a "Moderate Buy" rating overall; among 15 analysts, six suggest a "Strong Buy," two a "Moderate Buy," six a "Hold," and one a "Strong Sell" [6] - The average analyst price target for Ball Corporation is $60.08, indicating a potential upside of 11.4% from current levels [6]

Group 1 - The core viewpoint is that despite challenges from tariff policies and fluctuating consumer confidence, the U.S. materials sector is expected to see its highest profit growth in five years, with a projected increase of 20% in 2026, second only to the technology sector [1][4] - The profitability of companies in the metals and packaging industries is anticipated to receive the most significant boost, with both sub-sectors expected to grow by over 30% due to strengthened steel prices and increased demand for packaging from consumer goods manufacturers [5][8] - Analysts indicate that U.S. steel producers will continue to benefit from tariffs on imports, which grant them pricing power, and companies like Nucor Steel are seeing an increase in backlog orders driven by energy, infrastructure, and manufacturing sectors [8][10] Group 2 - The packaging and metal segments are leading the profitability growth in the materials sector, with companies like Amcor expected to achieve profit growth of 12% to 17% by 2026, marking the highest growth in five years [12] - Despite some challenges, the demand for packaging remains mixed, prompting companies in the packaging industry to focus on cost-cutting and operational adjustments to mitigate the impact of economic conditions [12][13] - The chemical and building materials industries are also expected to recover, with analysts predicting that lower interest rates will enhance demand for companies like Sherwin-Williams and CRH Cement, boosting confidence in residential and non-residential construction transactions [13]

Core Insights - Ball Corporation (BALL) has signed a definitive agreement to acquire an 80% stake in Benepack's European beverage can manufacturing businesses, enhancing its European manufacturing network and promoting aluminum beverage cans as a sustainable packaging option [1][2]. Deal Details - Benepack operates two facilities in Belgium and Hungary, serving customers across Western and Eastern Europe. The acquisition will cost BALL €184 million ($216.2 million), with Benepack retaining a 20% stake. The purchase price is considered attractive due to the strategic fit and quality of the business [2][6]. - The deal has received necessary regulatory approvals and is expected to close in the first quarter of 2026, pending closing conditions [3][6]. Financial Performance - In Q3 2025, Ball Corp reported adjusted earnings per share of $1.02, matching Zacks Consensus Estimate and reflecting a 12% year-over-year increase, driven by higher volumes across all segments [4]. - Total sales for the quarter reached $3.38 billion, up from $3.08 billion in the previous year, surpassing the Zacks Consensus Estimate of $3.32 billion. Global aluminum packaging shipments increased by 3.9% year over year [4]. Stock Performance - Ball Corp's stock has declined by 14.1% year-to-date, compared to a 10.3% decline in the industry [5].

Acquisition Details - Ball Corporation has agreed to acquire an 80% interest in Benepack's European beverage can manufacturing operations for €184 million ($216 million) [1] - The acquisition includes two production facilities located in Belgium and Hungary, with Benepack shareholders retaining a 20% ownership [1][2] - The transaction is expected to be completed in the first quarter of 2026 [1] Strategic Fit - Benepack supplies aluminium beverage cans to both multinational and domestic drinks companies across Western and Eastern Europe, indicating a strategic fit for Ball Corporation [2] - The acquisition is seen as enhancing Ball's European manufacturing network and supporting long-term growth with key customers [3] Company Overview - Ball Corporation reported net sales of $11.8 billion for 2024, excluding its previously divested aerospace division [4] - The company has a global workforce of 16,000 and is involved in aluminium packaging for beverages, personal care, and household products [4] Recent Developments - In November 2025, Ball Corporation announced plans to invest $60 million to expand production capacity at its facility in Sri City, India [4] - The company had previously committed nearly $55 million in 2024 to expand its can manufacturing plant in Taloja, Maharashtra [5] - Ronald J. Lewis was appointed as CEO in November 2025, replacing Daniel W. Fisher, with other key appointments made to the board [5]

Core Insights - Ball Corporation has shifted its focus to its core aluminum business following the divestment of its aerospace segment, indicating a strategic realignment to enhance operational efficiency and profitability [1]. Group 1: Company Strategy - The divestment of the aerospace business allows Ball Corporation to concentrate on its primary operations in aluminum, which may lead to improved financial performance and market positioning [1]. Group 2: Investment Opportunities - The investment group "Value In Corporate Events" provides insights into major corporate events such as earnings reports, M&A, and IPOs, which can present actionable investment opportunities for members [1].