BALL Corp Files 10-Q for Q2 2024

TL;DR

BALL Corp 10-Q filed. Financials look solid for Q2 2024.

AI Summary

BALL Corp filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position, including assets, liabilities, and equity. Specific financial data points such as revenue, net income, and cash flows for the reported period are presented, alongside comparative figures from previous periods.

Why It Matters

This filing provides investors and analysts with a detailed look at BALL Corp's financial performance and health, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details within can reveal underlying risks or strengths.

Key Numbers

• N/A — Revenue (Specific revenue figures are not detailed in the provided header information.)
• N/A — Net Income (Specific net income figures are not detailed in the provided header information.)
• N/A — Assets (Specific asset figures are not detailed in the provided header information.)

Key Players & Entities

• BALL Corp (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240801 (date) — Filing date
• WESTMINSTER, CO (location) — Company headquarters

FAQ

Filing Documents

• ball-20240630x10q.htm (10-Q) — 2598KB
• ball-20240630xex2d1.htm (EX-2.1) — 1162KB
• ball-20240630xex22.htm (EX-22) — 22KB
• ball-20240630xex31d1.htm (EX-31.1) — 13KB
• ball-20240630xex31d2.htm (EX-31.2) — 12KB
• ball-20240630xex32d1.htm (EX-32.1) — 9KB
• ball-20240630xex32d2.htm (EX-32.2) — 9KB
• ball-20240630xex99.htm (EX-99) — 36KB
• 0001558370-24-010565.txt ( ) — 14723KB
• ball-20240630.xsd (EX-101.SCH) — 60KB
• ball-20240630_cal.xml (EX-101.CAL) — 80KB
• ball-20240630_def.xml (EX-101.DEF) — 232KB
• ball-20240630_lab.xml (EX-101.LAB) — 575KB
• ball-20240630_pre.xml (EX-101.PRE) — 419KB
• ball-20240630x10q_htm.xml (XML) — 3515KB

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Statements of Earnings for the Three and Six Months Ended June 30, 2024 and 2023 1 Unaudited Condensed Consolidated Statements of Comprehensive Earnings (Loss) for the Three and Six Months Ended June 30, 2024 and 2023 2 Unaudited Condensed Consolidated Balance Sheets at June 30, 2024, and December 31, 2023 3 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 4 Notes to the Unaudited Condensed Consolidated Financial Statements Note 1. Basis of Presentation 5 Note 2. Accounting Pronouncements 6 Note 3. Business Segment Information 7 Note 4. Acquisitions and Dispositions 9 Note 5. Revenue from Contracts with Customers 11 Note 6. Business Consolidation and Other Activities 12 Note 7. Supplemental Cash Flow Statement Disclosures 12 Note 8. Receivables, Net 13 Note 9. Inventories, Net 13 Note 10. Property, Plant and Equipment, Net 13 Note 11. Goodwill 14 Note 12. Intangible Assets, Net 14 Note 13. Other Assets 14 Note 14. Leases 15 Note 15. Debt 15 Note 16. Taxes on Income 16 Note 17. Employee Benefit Obligations 16 Note 18. Equity and Accumulated Other Comprehensive Earnings (Loss) 18 Note 19. Earnings and Dividends Per Share 20 Note 20. Financial Instruments and Risk Management 20 Note 21. Contingencies 25 Note 22. Indemnifications and Guarantees 26 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 37 PART II. OTHER INFORMATION 38 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS BALL CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS Three Months Ended June 30, Six Months Ended June 30, ($ in millions, except per share amounts) 2024 2023 2024 2023 Net sales $ 2,959 $ 3,067 $ 5,833 $ 6,048 Cost of sales (excluding depreciation and amortization) ( 2,357 ) ( 2,506 ) ( 4,640 ) ( 4,938 ) Depreciation and amortization ( 152 ) ( 150 ) ( 310 ) ( 297 ) Selling, general and administrative ( 139 ) ( 157 ) ( 376 ) ( 276 ) Business consolidation and other activities ( 60 ) 6 ( 86 ) ( 14 ) Interest income 18 7 44 11 Interest expense ( 68 ) ( 116 ) ( 161 ) ( 229 ) Debt refinancing and other costs ( 1 ) — ( 3 ) — Earnings before taxes 200 151 301 305 Tax (provision) benefit ( 49 ) ( 29 ) ( 76 ) ( 62 ) Equity in results of affiliates, net of tax 8 3 13 10 Earnings from continuing operations 159 125 238 253 Discontinued operations, net of tax — 48 3,607 100 Net earnings 159 173 3,845 353 Net earnings attributable to noncontrolling interests 1 — 2 3 Net earnings attributable to Ball Corporation $ 158 $ 173 $ 3,843 $ 350 Earnings per share: Basic - continuing operations $ 0.51 $ 0.40 $ 0.76 $ 0.79 Basic - discontinued operations — 0.15 11.55 0.32 Total basic earnings per share $ 0.51 $ 0.55 $ 12.31 $ 1.11 Diluted - continuing operations $ 0.51 $ 0.40 $ 0.75 $ 0.79 Diluted - discontinued operations — 0.15 11.46 0.31 Total diluted earnings per share $ 0.51 $ 0.55 $ 12.21 $ 1.10 Weighted average shares outstanding: (000s) Basic 309,269 314,561 312,109 314,400 Diluted 311,964 316,867 314,690 316,764 See accompanying notes to the unaudited condensed consolidated financial statements. 1 Table of Contents BALL CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EA

View Full Filing

View this 10-Q filing on SEC EDGAR