BALL CORP Reports Second Quarter FY2023 Earnings Results, As of June 30 2023, on August 3 2023
August 8, 2023
🌥️Earnings Overview
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.
Share Price
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 $59.1, close to its all-time high. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ball Corp. More…
| Total Revenues | Net Income | Net Margin |
| 14.55k | 797 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ball Corp. More…
| Operations | Investing | Financing |
| 1.06k | -894 | 295 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ball Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.17k | 16.27k | 12.2 |
Key Ratios Snapshot
Some of the financial key ratios for Ball Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 1.8% | 9.2% |
| FCF Margin | ROE | ROA |
| -2.6% | 22.5% | 4.2% |
Analysis
GoodWhale conducted an analysis of BALL CORP‘s fundamentals to assess the company’s standing. According to our Star Chart, BALL CORP is categorized as a ‘rhino’ company. This type of company has achieved moderate earnings and revenue growth. With an intermediate health score of 6/10, considering its cash flows and debt, BALL CORP may be able to pay off debt and fund future operations. Dividends are a strength for the company, while growth, profitability and assets are only of medium standing. Investors interested in a moderate, but sustainable growth rate may want to consider BALL CORP as an investment option. More…
Peers
With over 18,000 employees in operations across the globe, Ball Corporation has established itself as an industry leader in the metal and plastic packaging sector.
– Amcor PLC ($NYSE:AMCR)
Amcor PLC is a global packaging solutions provider, offering a wide range of products and services to customers in the healthcare, food, beverage, home, and personal care markets. With a market cap of 17.91B as of 2023 and a Return on Equity (ROE) of 20.06%, the company is well-positioned to continue to grow and develop its offerings. The company’s strong market cap and ROE are indicative of the company’s financial strength, and its ability to generate returns for shareholders. Amcor PLC’s commitment to providing high-quality packaging solutions and services to its customers has resulted in strong financial performance and a positive outlook for the future.
– SIG Group AG ($LTS:0P4G)
SIG Group AG is a leading manufacturer of insulation and interior building products, operating in over 20 countries across Europe, North America and Asia. SIG Group AG has a market capitalization of 8.67 billion as of 2023 and a Return on Equity (ROE) of 4.92%. The company’s market cap denotes the total value of all its outstanding shares, while its ROE is a measure of the company’s profitability and efficiency in utilizing shareholder funds. SIG Group AG is well-positioned to capitalize on the global demand for insulation and interior building products, which is expected to remain strong in the years ahead.
– Packaging Corp of America ($NYSE:PKG)
Packaging Corporation of America is a leading manufacturer and distributor of packaging products, including corrugated containers, multi-wall bags, and other product solutions. The company has a market cap of 13.36B as of 2023, indicating that it is a well-established and successful organization. Packaging Corporation of America also has a Return on Equity of 22.59%, indicating that the company is making good use of its capital and generating high returns for its shareholders. This makes it an attractive investment opportunity for those looking to diversify their portfolios.
Summary
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.
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