On August 3 2023, BALL CORP ($NYSE:BALL) released their financial results for the second quarter of 2023, ending June 30 of the same year. Compared to the same period of 2022, total revenue had decreased by 13.7%, standing at USD 3566.0 million. However, net income reported for Q2 of 2023 was up by 199.4%, totaling USD 173.0 million.
On Thursday, August 3 2023, BALL CORP reported its second quarter FY2023 earnings results. On the same day, the company’s stock opened at $57.8 and closed at $59.1, up by 3.5% from the previous closing price of 57.1. The company’s CEO, John Hines, stated that their strong performance was driven by cost savings initiatives and improved profitability in its packaging business. Moreover, BALL CORP is on track to meet its annual guidance for both revenue and earnings per share.
The company has consistently exceeded market expectations with its financial performance and is well-positioned for future growth. As of August 3 2023, BALL CORP is trading at $59.1, close to its all-time high. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Ball Corp. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ball Corp. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ball Corp. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Ball Corp are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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GoodWhale conducted an analysis of BALL CORP‘s fundamentals to assess the company’s standing. According to our Star Chart, BALL CORP is categorized as a ‘rhino’ company. This type of company has achieved moderate earnings and revenue growth. With an intermediate health score of 6/10, considering its cash flows and debt, BALL CORP may be able to pay off debt and fund future operations. Dividends are a strength for the company, while growth, profitability and assets are only of medium standing. Investors interested in a moderate, but sustainable growth rate may want to consider BALL CORP as an investment option. More…
Risk Rating Analysis
Star Chart Analysis
With over 18,000 employees in operations across the globe, Ball Corporation has established itself as an industry leader in the metal and plastic packaging sector.
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BALL CORP reported their 2nd quarter FY2023 earnings on August 3 2023, showing a total revenue of USD 3566.0 million and net income of USD 173.0 million. This represents a 13.7% decrease in revenue from the same period last year and a 199.4% increase in net income. The company’s stock price moved up on the same day, indicating positive investor reaction to the results.
As an investment, BALL CORP has demonstrated that it is capable of strong growth and profitability, despite the challenges posed by the current environment. Investors should take comfort in BALLCORP’s strong financial performance, which suggests continued success in the coming quarters.