Ball Corp Files Q3 2024 10-Q

TL;DR

BALL Q3 10-Q is in. Check financials.

AI Summary

Ball Corporation filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details are presented within the report, which is a standard quarterly disclosure for public companies.

Why It Matters

This filing provides investors and analysts with the latest financial data for Ball Corporation, crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Players & Entities

• BALL Corp (company) — Filer
• 0000009389 (company) — Central Index Key
• 350160610 (company) — IRS Number
• 9200 W. 108TH CIRCLE (company) — Business Address Street 1
• WESTMINSTER (company) — Business Address City
• CO (company) — Business Address State
• 80021 (company) — Business Address Zip
• 3034695511 (company) — Business Phone

FAQ

Filing Documents

• ball-20240930x10q.htm (10-Q) — 2649KB
• ball-20240930xex2d1.htm (EX-2.1) — 1162KB
• ball-20240930xex3dii.htm (EX-3.II) — 101KB
• ball-20240930xex22.htm (EX-22) — 21KB
• ball-20240930xex31d1.htm (EX-31.1) — 13KB
• ball-20240930xex31d2.htm (EX-31.2) — 12KB
• ball-20240930xex32d1.htm (EX-32.1) — 9KB
• ball-20240930xex32d2.htm (EX-32.2) — 9KB
• ball-20240930xex99.htm (EX-99) — 36KB
• 0001558370-24-014033.txt ( ) — 15125KB
• ball-20240930.xsd (EX-101.SCH) — 61KB
• ball-20240930_cal.xml (EX-101.CAL) — 82KB
• ball-20240930_def.xml (EX-101.DEF) — 242KB
• ball-20240930_lab.xml (EX-101.LAB) — 598KB
• ball-20240930_pre.xml (EX-101.PRE) — 432KB
• ball-20240930x10q_htm.xml (XML) — 3579KB

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended September 30, 2024 and 2023 1 Unaudited Condensed Consolidated Statements of Comprehensive Earnings (Loss) for the Three and Nine Months Ended September 30, 2024 and 2023 2 Unaudited Condensed Consolidated Balance Sheets at September 30, 2024, and December 31, 2023 3 Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 4 Notes to the Unaudited Condensed Consolidated Financial Statements Note 1. Basis of Presentation 5 Note 2. Accounting Pronouncements 7 Note 3. Business Segment Information 8 Note 4. Acquisitions and Dispositions 9 Note 5. Revenue from Contracts with Customers 12 Note 6. Business Consolidation and Other Activities 13 Note 7. Supplemental Cash Flow Statement Disclosures 13 Note 8. Receivables, Net 14 Note 9. Inventories, Net 14 Note 10. Property, Plant and Equipment, Net 14 Note 11. Goodwill 15 Note 12. Intangible Assets, Net 15 Note 13. Other Assets 15 Note 14. Leases 16 Note 15. Debt 16 Note 16. Taxes on Income 17 Note 17. Employee Benefit Obligations 17 Note 18. Equity and Accumulated Other Comprehensive Earnings (Loss) 19 Note 19. Earnings and Dividends Per Share 21 Note 20. Financial Instruments and Risk Management 21 Note 21. Contingencies 26 Note 22. Indemnifications and Guarantees 27 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 29 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 38 PART II. OTHER INFORMATION 39 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 September 30, Nine Months Ended September 30, ($ in millions, except per share amounts) 2024 2023 2024 2023 Net sales $ 3,082 $ 3,111 $ 8,915 $ 9,159 Cost of sales (excluding depreciation and amortization) ( 2,425 ) ( 2,512 ) ( 7,065 ) ( 7,450 ) Depreciation and amortization ( 150 ) ( 152 ) ( 460 ) ( 449 ) Selling, general and administrative ( 142 ) ( 133 ) ( 518 ) ( 409 ) Business consolidation and other activities ( 85 ) ( 29 ) ( 171 ) ( 43 ) Interest income 14 12 58 23 Interest expense ( 67 ) ( 122 ) ( 228 ) ( 351 ) Debt refinancing and other costs — — ( 3 ) — Earnings before taxes 227 175 528 480 Tax (provision) benefit ( 42 ) ( 45 ) ( 118 ) ( 107 ) Equity in results of affiliates, net of tax 8 3 21 13 Earnings from continuing operations 193 133 431 386 Discontinued operations, net of tax 6 71 3,613 171 Net earnings 199 204 4,044 557 Net earnings attributable to noncontrolling interests 2 1 4 4 Net earnings attributable to Ball Corporation $ 197 $ 203 $ 4,040 $ 553 Earnings per share: Basic - continuing operations $ 0.63 $ 0.42 $ 1.38 $ 1.22 Basic - discontinued operations 0.02 0.22 11.70 0.54 Total basic earnings per share $ 0.65 $ 0.64 $ 13.08 $ 1.76 Diluted - continuing operations $ 0.63 $ 0.42 $ 1.37 $ 1.20 Diluted - discontinued operations 0.02 0.22 11.59 0.54 Total diluted earnings per share $ 0.65 $ 0.64 $ 12.96 $ 1.74 Weighted average shares outstanding: (000s) Basic 302,406 314,983 308,851 314,596 Diluted 305,219 317,296 311,674 316,938 See accompanying notes to the unaudited condensed consolidated financial statements. 1 Table of Contents BALL CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATE

View Full Filing

View this 10-Q filing on SEC EDGAR