Related topics: financial report. Overview . The Investor Relations website contains information about Texas Instruments's business for stockholders, potential investors, and financial analysts. During the first quarters of 2019 and 2018, the company incurred charges for compensation arrangements associated with the Rexam acquisition and integration. %%EOF An Inclusive Workforce. During the quarter, higher than expected global can demand driven by customers' shifting mix and new product launches to aluminum packaging helped drive stronger revenue growth. h��Xmo�8�+���P[��bCqi�n֮h��E>���K� ����)K��$M�{� kZ��G$���PiJ(*͈���(a6d�$ܴp�gZ"3�"��*��J��H�E��%%�R�e�IA��0w�@c� ���A�FK�Z�&K�4Ix�L�8�XMD�5j�!8h�^�5�W3F4�8�I�c h��p ��$h:AM��ɝq%׍?�œ�8E�2|�6�5��[|2�������bT߉�E4� ��g�,D�EJ�a�F�U�(f5a���}�3,g_�5z�YU;|_)�d Condensed Financial Statements (First Quarter 2019), Unaudited Condensed Consolidated Statements of Earnings, ($ in millions, except per share amounts), Cost of sales (excluding depreciation and amortization), Business consolidation and other activities, Equity in results of affiliates, net of tax, Net earnings attributable to noncontrolling interests, Net earnings attributable to Ball Corporation. Crystal Hinson Miller, chief philanthropy officer for Indiana University Health and president of the IU Health Foundation, is a national leader in healthcare philanthropy. Please use the following URL for a webcast of the live call: https://edge.media-server.com/m6/p/pri3eydh, For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on May 2, 2019, until 11 a.m. Mountain time on May 9, 2019. Key milestones since our founding in 1880 . Ball (BLL) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of … But the constant quest for innovation never ends. Ball Reports Strong Third Quarter Results . In December 2018, the company completed the sale of its closed manufacturing facility in Chatsworth, California. Find the latest Earnings Report Date for Ball Corporation Common Stock (BLL) at Nasdaq.com. Low-teens segment volume growth was unable to offset fully the previously disclosed conclusion of the third-party end sales agreement as part of the Rexam acquisition. Diversity & Inclusion Blog; About Ball. Given the strength of our cash flow, leverage at optimal levels, last week's dividend increase and our existing repurchase authorization, the company plans to return in excess of $1 billion to shareholders in 2019 and beyond," said Scott C. Morrison, senior vice president and chief financial officer. Contracts already won, but not yet booked into current contracted backlog, increased to $4.9 billion. Charges in the first quarter of 2019 and credits in the first quarter of 2018 were the result of updated estimates for the costs of employee severance and benefits and facility shutdown costs. A summary of Comparable EBITDA and Net Debt is as follows: Earnings before interest and taxes (EBIT), Add: Business consolidation and other activities (a), Add: Amortization of acquired Rexam intangibles (a), Less: Amortization of acquired Rexam intangibles (a), Comparable EBITDA/Interest Expense (Interest Coverage). Ball management uses Net Debt to Comparable EBITDA and Comparable EBITDA to interest expense as metrics to monitor the credit quality of Ball Corporation. Ball CorporationBLL reported second-quarter 2020 adjusted earnings of 65 cents per share, beating the Zacks Consensus Estimate of … Charges for the first quarter 2019 were comprised of estimated employee severance costs and professional fees associated with the transaction. PRESS RELEASE PR Newswire . Tesla just reported third-quarter results including net income (GAAP) of $331 million on revenue of $8.77 billion. Details of comparable segment earnings, business consolidation activities and other non-comparable items can be found in the notes to the unaudited condensed consolidated financial statements that accompany this news release. References to volume data represent units shipped in respective periods. Forward-Looking Statements Elon Musk's electric car maker previously reported deliveries of … Leadership. Charges for the first quarter of 2019 are for purchase accounting related intangible amortization and business consolidation costs. Oct. 31, 2019, 11:00 AM. Weighted average shares outstanding (000s): Unaudited Condensed Consolidated Statements of Cash Flows, Cash provided by (used in) operating activities, Cash provided by (used in) investing activities, Net issuances (purchases) of common stock, Cash provided by (used in) financing activities, Effect of currency exchange rate changes on cash, cash equivalents and restricted cash, Change in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash - beginning of period, Cash, cash equivalents and restricted cash - end of period (a). Beverage packaging, South America, comparable segment operating earnings for the first quarter of 2019 were $68 million on sales of $441 million, compared to $98 million on sales of $459 million during the same period in 2018. Nov. 5, 2020, 12:00 PM . See what's coming up and where you can find us. Ball's first quarter 2020 comparable net earnings were $202 million, ... First quarter results reflect the 2019 sale of the company's Argentine steel aerosol business and Chinese beverage can assets, and new segment reporting for the company's beverage packaging, EMEA business and other non-reportable results. Presentations of earnings and cash flows presented in accordance with U.S. GAAP are available in the company's earnings releases and quarterly and annual regulatory filings. h�b```�~������� Results reflect the 2019 sale of the company’s Argentine steel aerosol business and Chinese beverage can assets, and the 2018 sale of the company’s U.S. steel food and steel aerosol business. Includes $63 million of cash and cash equivalents reported in assets held for sale in Ball's unaudited condensed consolidated balance sheet. In August 2017, the company announced the closure of its beverage can manufacturing facilities in Chatsworth, California, and Longview, Texas, and its beverage end manufacturing facility in Birmingham, Alabama. The company's announced sale of its Chinese beverage can assets received antitrust approval and the transaction is expected to close in the second half of 2019. Other consists of non-reportable segments located in Africa, Middle East and Asia (beverage packaging, AMEA) and Asia Pacific (beverage packaging, Asia Pacific) that manufacture and sell metal beverage containers; a non-reportable segment that manufactures and sells aerosol containers, extruded aluminum aerosol containers and aluminum slugs (aerosol packaging); undistributed corporate expenses; intercompany eliminations and other business activities. The Birmingham plant ceased production during the second quarter of 2018, and the Longview and Chatsworth plants ceased production during the third quarter of 2018. The company's new beverage can manufacturing plant in Paraguay is scheduled to begin production in late 2019. Positive volume momentum continues as certain customers continue to adjust a portion of their packaging mix to aluminum beverage packaging from single-serve plastics, particularly in the United Kingdom. "Our focus on commercializing sustainable aluminum packaging solutions across our customers' product categories and leveraging our aerospace capabilities with relevant government customers is translating into additional growth. Ball reports second quarter results. Quarterly results improved due to mid-single digit can volume growth and continued favorable category and specialty can packaging mix shift in the sparkling water, beer, wine, energy and spiked sparkling seltzer categories, and were largely offset by unfavorable U.S. aluminum scrap rates, a challenging ramp up for two of four lines at our new Goodyear, Arizona, facility and incremental costs to serve double-digit specialty can growth. History / Timeline. Year-to-date the company hired more than 300 people into this business with an additional 600 employees required within the next twelve months. Ball Reports Improved Second Quarter 2017 Operating Results; Reaffirms Goals. View original content to download multimedia:http://www.prnewswire.com/news-releases/ball-reports-first-quarter-results-300842453.html, Investor Contact: Ann T. Scott, 303-460-3537, ascott@ball.com; Media Contact: Renee Robinson, 303-460-2476, rarobins@ball.com, Please see the company's website for further details of the company's non-U.S. GAAP financial measures at, Less: Amortization of acquired Rexam intangibles, Electronic Delivery of Annual Meeting Materials, Ball.1Q2019EarningsNR_Financials.final.050219, http://www.prnewswire.com/news-releases/ball-reports-first-quarter-results-300842453.html, CALIFORNIA TRANSPARENCY ACT & UK MODERN SLAVERY ACT STATEMENT. �RvP��(Ԟ(8x���p� *��a�R8�B�H�Dmr�OOO�e1F�1f�n��H��K>Y‹��ZL�I|�#pT�OW��������xp�/���h�|��~?��G�W͛q�!�p����?�e�|{}(�����7��C��|>)��'�8q92��R���E���L?����᱆����hL�8���$XB��W������v���lh���i9y>. Brazil, Argentina and Chile that manufacture and sell metal beverage containers balance sheet revenue of $ 117 million including! U.S. aluminum scrap and higher than anticipated plant start-up costs and professional fees associated with transaction... 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