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Ball Reports Fourth Quarter 2024 Results

In This Article:

Highlights

  • Full-year U.S. GAAP total diluted earnings per share of $13.00; fourth quarter loss per share of 11 cents

  • Full-year and fourth quarter comparable diluted earnings per share of $3.17 and 84 cents, respectively

  • Returned $1.96 billion to shareholders via share repurchases and dividends in 2024

  • In 2025 and beyond, positioned to advance the use of sustainable aluminum packaging, grow comparable diluted earnings per share in excess of 10 percent, increase EVA, generate strong free cash flow and continue long-term return of value to shareholders

WESTMINSTER, Colo., Feb. 4, 2025 /PRNewswire/ -- Ball Corporation (NYSE: BALL) today reported full-year and fourth quarter 2024 results. References to net sales and comparable operating earnings in today's release do not include the company's former aerospace business. Year-over-year net earnings attributable to the corporation and comparable net earnings do include the performance of the company's former aerospace business through the sale date of February 16, 2024.

On a U.S. GAAP basis, the company reported full-year 2024 net earnings attributable to the corporation of $4.01 billion, or total diluted earnings per share of $13.00, on sales of $11.80 billion, compared to $707 million net earnings attributable to the corporation, or total diluted earnings per share of $2.23, on sales of $12.06 billion in 2023. Ball's full-year 2024 comparable net earnings were $977 million, or $3.17 per diluted share compared to $920 million, or $2.90 per diluted share in 2023.

Ball's fourth quarter 2024 net loss attributable to the corporation, on a U.S. GAAP basis, was $32 million, or total diluted loss per share of 11 cents, on sales of $2.88 billion compared to net earnings attributable to the corporation of $154 million, or total diluted earnings per share of 49 cents, on sales of $2.90 billion in the fourth quarter of 2023. Ball's fourth quarter 2024 comparable earnings per diluted share were 84 cents versus fourth quarter 2023 comparable earnings per diluted share of 78 cents.

"We delivered strong full-year and fourth quarter results and returned $1.96 billion to shareholders in 2024. Leveraging our strong financial position and leaner operating model, the company was able to deliver on its 2024 goals and remains uniquely positioned to enable our purpose of advancing the greater use of sustainable aluminum packaging, despite the current end consumer environment in certain geographies. 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," said Daniel W. Fisher, chairman and chief executive officer.