Bank of America just raised its EUR/USD forecast
WESTMINSTER, on Tuesday, Ball Corporation (NYSE: NYSE:BALL) reported fourth quarter 2024 earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down slightly in pre-market trading.
The aluminum packaging manufacturer posted adjusted earnings per share of $0.84, exceeding the consensus forecast of $0.81. However, revenue came in at $2.88 billion, below analyst projections of $2.95 billion.
For the full year 2024, Ball reported comparable diluted earnings per share of $3.17, up from $2.90 in 2023. The company returned $1.96 billion to shareholders through share repurchases and dividends during the year.
Ball’s fourth quarter sales declined 0.8% YoY to $2.88 billion, primarily due to lower volume and price/mix in its North American beverage packaging segment. This was partially offset by higher volume in the EMEA beverage packaging business.
"Our company performed well and delivered on our stated comparable earnings growth goal while returning $1.96 billion to shareholders in 2024," said Howard Yu, executive vice president and chief financial officer.
Looking ahead, Ball expects to exceed 10% comparable diluted earnings per share growth in 2025 while generating strong free cash flow. The company plans to continue returning value to shareholders through share repurchases and dividends.
Ball Corporation shares were down -1.13% in after-hours trading following the earnings release, likely due to the revenue miss outweighing the earnings beat.
CEO Daniel W. Fisher commented, "We continue to complement our purpose by unlocking additional manufacturing efficiencies, driving innovation and sustainability on a global scale, managing our costs and enabling consistent delivery of high-quality, long-term shareholder value creation."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.