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Ball Corp Stock Quote BALL

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Morningstar's Ball Corp Stock Analysis

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Ball’s Q2 Results Are Overshadowed by an Unexpected Drop in Demand; Shares Now Fairly Valued

Spencer Liberman Equity Analyst

Analyst Note

| Spencer Liberman |

Narrow-moat Ball Corp. reported second-quarter results that were largely in line with our expectations, but management raised concerns of an unexpected deceleration in beverage packing demand. Revenue increased roughly 20% year over year on higher selling prices and a slight rise in volume. Consolidated adjusted operating margin came in at 9.5% for the quarter, a 200-basis-point decrease from a year ago. Increased selling prices were not enough to offset higher operating costs during the quarter. We expect additional pricing action as inflationary pressures persist in the second half of the year.

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Key Statistics - BALL

Company Profile - BALL

Business Description

Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports four segments – beverage packaging, North and Central America (43% of revenue), beverage packaging, EMEA (25%), beverage packaging, South America (15%), aerospace (14%) – and it generated $13.8 billion in revenue in 2021.

9200 West 108th Circle
Westminster, CO, 80021
T +1 303 469-3131
Industry Packaging & Containers
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 24,300

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