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• Comparable Diluted Earnings Per Share (EPS) for 2024: $3.17, up from $2.90 in 2023.

• Fourth Quarter 2024 Comparable Diluted EPS: $0.84, an increase of 7.7% from $0.78 in Q4 2023.

• Full Year 2024 Comparable Net Earnings: $977 million.

• Fourth Quarter 2024 Comparable Net Earnings: $250 million.

• Shareholder Returns in 2024: $1.96 billion via share repurchases and dividends.

• 2025 EPS Growth Target: 11% to 14% comparable diluted EPS growth.

• 2025 Global Volume Growth Expectation: 2% to 3%.

• 2025 Net Debt to Comparable EBITDA Target: 2.75 times.

• 2025 Capital Expenditure (CapEx) Expectation: Approximately $600 million.

• 2025 Effective Tax Rate on Comparable Earnings: Slightly above 22%.

• 2025 Interest Expense Expectation: Approximately $270 million.

• Share Repurchase Authorization: $4 billion through the end of 2027.

• Warning! GuruFocus has detected 7 Warning Signs with BALL.

Release Date: February 04, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• 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.

• 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.

• Ball Corp (NYSE:BALL) anticipates 11% to 14% comparable diluted EPS growth in 2025, driven by operational performance, volume growth, and productivity gains.

• The company has secured over 85% of its 2026 volume under contract, including a significant extension with a major customer, ensuring long-term stability.

• 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

• 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.

• The company experienced supply-demand tightness in Brazil, impacting volume growth due to slower than expected ramp-up of vital capacity.

• Fourth-quarter global beverage can shipments were down low single digits year over year, indicating challenges in maintaining volume growth.

• 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.

• The company is facing potential risks from tariffs affecting the aluminum supply chain, which could impact volume and supply chain dynamics.