In This Article:
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Comparable Diluted Earnings Per Share (EPS) for 2024: $3.17, up from $2.90 in 2023.
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Fourth Quarter 2024 Comparable Diluted EPS: $0.84, an increase of 7.7% from $0.78 in Q4 2023.
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Full Year 2024 Comparable Net Earnings: $977 million.
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Fourth Quarter 2024 Comparable Net Earnings: $250 million.
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Shareholder Returns in 2024: $1.96 billion via share repurchases and dividends.
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2025 EPS Growth Target: 11% to 14% comparable diluted EPS growth.
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2025 Global Volume Growth Expectation: 2% to 3%.
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2025 Net Debt to Comparable EBITDA Target: 2.75 times.
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2025 Capital Expenditure (CapEx) Expectation: Approximately $600 million.
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2025 Effective Tax Rate on Comparable Earnings: Slightly above 22%.
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2025 Interest Expense Expectation: Approximately $270 million.
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Share Repurchase Authorization: $4 billion through the end of 2027.
Release Date: February 04, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Ball Corp (NYSE:BALL) returned $1.96 billion to shareholders via share repurchases and dividends in 2024, with plans to repurchase at least $3 billion of shares between 2024 and 2025.
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The company reported a 9.3% increase in fourth-quarter 2024 comparable diluted earnings per share, reaching $0.84 compared to $0.78 in the fourth quarter of 2023.
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Ball Corp (NYSE:BALL) anticipates 11% to 14% comparable diluted EPS growth in 2025, driven by operational performance, volume growth, and productivity gains.
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The company has secured over 85% of its 2026 volume under contract, including a significant extension with a major customer, ensuring long-term stability.
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Ball Corp (NYSE:BALL) is investing in a new can plant in Oregon and has acquired a beverage can facility in Florida, which will enhance capacity and support future growth.
Negative Points
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Ball Corp (NYSE:BALL) faced softer than expected volume in North America due to persistent economic pressure on end consumers and exposure to the US domestic beer market.
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The company experienced supply-demand tightness in Brazil, impacting volume growth due to slower than expected ramp-up of vital capacity.
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Fourth-quarter global beverage can shipments were down low single digits year over year, indicating challenges in maintaining volume growth.
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Ball Corp (NYSE:BALL) anticipates a challenging first quarter in 2025 due to tough comparisons and headwinds from poor weather across the US in January.
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The company is facing potential risks from tariffs affecting the aluminum supply chain, which could impact volume and supply chain dynamics.