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SECURITY: BLL (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Ball Corporation is one
of the world's leading suppliers of metal and plastic packaging to the
beverage and food industries. The company also owns Ball Aerospace &
Technologies Corp. Ball, based in Broomfield, Colo., reported 2002 sales
of $3.9 billion. Ball's packaging strategy is to manufacture, market, sell
and service products that will meet the metal and plastic packaging needs
of the beverage and food markets. In aerospace, Ball capitalizes on the
world-class capabilities of its aerospace and technologies subsidiary.
http://www.ballcorporate.com
Ball
to Announce Second Quarter Earnings on July 24
BROOMFIELD,
Colo., June 24 /PRNewswire-FirstCall/ -- Ball Corporation (NYSE: BLL) will
announce its second quarter 2008 earnings on Thursday, July 24, 2008, before
trading begins on the New York Stock Exchange. At 9 a.m. Mountain Time
on that day (11 a.m. Eastern), Ball will hold its regular quarterly conference
call on the company's results and performance.
Ball
Announces 2007 Fourth Quarter, Full-Year Results
BROOMFIELD,
Colo., Jan. 24 /PRNewswire-FirstCall/ -- Ball Corporation (NYSE: BLL) today
reported full-year 2007 net earnings of $281.3 million, or $2.74 per diluted
share, on sales of $7.39 billion, compared to $329.6 million, or $3.14
per diluted share, on sales of $6.62 billion in 2006.
Fourth
quarter 2007 net earnings were $33.3 million, or 33 cents per diluted share,
on sales of $1.76 billion, compared to $48.3 million, or 46 cents per diluted
share, on sales of $1.59 billion in the fourth quarter of 2006.
In
both 2007 and 2006 results included costs from business consolidation activities
and significant non-operating items. Fourth quarter 2007 results included
net after-tax costs of approximately $27 million, or 27 cents per diluted
share, for business consolidation primarily in the company's food and household
products packaging, Americas, segment. Full-year 2007 results included
the fourth quarter business consolidation costs and a third quarter after-tax
charge of $51.8 million, or 50 cents per diluted share, related to a customer
settlement.
Fourth
quarter 2006 results included net after-tax costs of $20.2 million, or
19 cents per diluted share, from business consolidation activities, reduced
by a one-time tax gain. Full-year 2006 results included property insurance
proceeds resulting from a fire at a plant in Germany, offset by business
consolidation costs, for a net after-tax gain of $25.6 million, or 24 cents
per diluted share. Details of the business consolidation activities, customer
settlement and property insurance gain can be found in Note 2 to the unaudited
consolidated financial statements that accompany this news release
.
Robert
W. Alspaugh Elected to Board; Company Authorizes Repurchase of Common Stock,
Declares Dividend
BROOMFIELD,
Colo., Jan 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Robert
W. Alspaugh, former chief executive officer of KPMG International, was
elected today to the Ball Corporation (NYSE: BLL) board of directors during
the board's regular meeting. Alspaugh worked at KPMG International for
36 years and was responsible for implementing the company's global strategy
in 150 countries.
"Bob
Alspaugh 's background working with a diverse array of clients across many
industries, including manufacturing, and his global expertise will benefit
Ball as we continue to expand our business in new and developing markets,"
said R. David Hoover, chairman, president and chief executive officer.
"We are pleased to welcome Bob to Ball, and look forward to gaining from
his extensive experience."
all's
board of directors also authorized the repurchase by the company of up
to a total of 12 million shares of its common stock. This repurchase authorization
replaces all previous authorizations.
Additionally,
Ball's board of directors declared a dividend on the company's common stock
of 10 cents per share, payable March 17, 2008, to shareholders of record
on March 3, 2008
Ball
Announces Third Quarter Earnings
BROOMFIELD,
Colo., Oct. 25 /PRNewswire-FirstCall/ -- Ball Corporation (NYSE: BLL) today
reported third quarter earnings of $60.9 million, or 59 cents per diluted
share, on sales of $1.91 billion, compared to $107.1 million, or $1.02
per diluted share, on sales of $1.82 billion in the third quarter of 2006.
For
the first nine months of 2007, Ball's results were earnings of $248 million,
or $2.40 per diluted share, on sales of $5.63 billion, compared to $281.3
million, or $2.68 per diluted share, on sales of $5.03 billion in the same
period in 2006.
Both
the third quarter and the nine-month results in 2007 include an after-tax
charge of $51.8 million, or 50 cents per diluted share, related to the
settlement of a dispute with a beverage can customer in the metal beverage
packaging, Americas, segment. The 2006 results include a gain of $2.8 million
($1.7 million after tax, or two cents per diluted share) in the third quarter
and $76.9 million ($46.9 million after tax, or 45 cents per diluted share)
in the first nine months for insurance recovery from a fire at a plant
in Germany.
The
2007 results through three quarters do not include an after-tax charge
of approximately $26 million that will result from facility closures and
related equipment relocation activities associated with plans the company
announced Wednesday as part of the continuing consolidation of its food
and household products packaging, Americas, segment. That charge will occur
in the fourth quarter of 2007.
Ball
Announces 2006 Results
BROOMFIELD,
Colo., Jan. 25 /PRNewswire-FirstCall/ -- Ball Corporation (NYSE: BLL) today
reported full-year 2006 net earnings of $329.6 million, or $3.14 per diluted
share, on sales of $6.62 billion, compared to $272.1 million, or $2.48
per diluted share, on sales of $5.75 billion in 2005.
Fourth
quarter 2006 net earnings were $48.3 million, or 46 cents per diluted share,
on sales of $1.59 billion, compared to $47.4 million, or 45 cents per diluted
share, on sales of $1.29 billion in the fourth quarter of 2005.
In
the fourth quarter of 2006, Ball Corporation changed from the last-in,
first-out (LIFO) inventory accounting method to the first-in, first out
(FIFO) method for its metal beverage packaging, Americas, and metal food
and household products packaging, Americas, segments. All results have
been presented on a FIFO basis as if the accounting change occurred as
of Jan. 1, 2005.
Fourth
quarter 2006 results included net after-tax costs of approximately $20
million, or 19 cents per diluted share, from business consolidation, reduced
by a one-time tax gain. Full-year 2006 results included property insurance
proceeds resulting from a fire at a plant in Germany, offset by business
consolidation costs, for a net after-tax gain of $25.6 million, or 24 cents
per diluted share. The fourth quarter of 2005 included an after-tax net
cost of $7.3 million, or seven cents per diluted share, for business consolidation
gains and debt refinancing costs. For the full-year 2005, the net effect
of debt refinancing and business consolidation costs was $25.7 million,
or 23 cents per diluted share, after tax.
Ball
Announces Second Quarter Earnings, Improved Outlook for Second Half of
2006
BROOMFIELD,
Colo., July 27 /PRNewswire-FirstCall/ -- Ball Corporation (NYSE: BLL) today
announced second quarter earnings of $132.7 million, or $1.26 per diluted
share, on sales of $1.84 billion, compared to $79 million, or 71 cents
per diluted share, on sales of $1.55 billion in the second quarter of 2005.
For
the first six months of 2006, Ball's earnings were $177.3 million, or $1.69
per diluted share, on sales of $3.21 billion, compared to $137.6 million,
or $1.22 per diluted share, on sales of $2.88 billion in 2005.
The
2006 second quarter includes a $74.1 million gain ($45.2 million after
tax), or 43 cents per diluted share, for insurance recovery from a fire
that occurred April 1 at a beverage can manufacturing plant in Germany.
The 2005 second quarter and first half results include an after-tax charge
of $5.9 million, or five cents per diluted share, related to the closing
of a food can manufacturing plant in Quebec.
"Though
the insurance accounting gain skews our second quarter results, when you
put that aside we still had a solid quarter," said R. David Hoover, chairman,
president and chief executive officer. "Sales and earnings in the quarter
were up in our packaging segments. Integration of the two businesses acquired
at the end of the first quarter is underway. Beverage can volumes were
strong in North America and Europe/Asia. We are proceeding to replace the
production capacity lost to the fire and we plan to have the replacement
capacity operating in the second quarter of 2007. Overall we are positive
about the outlook as we move into the second half of 2006."
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