Ball said net earnings attributable to the corporation for Q1 2024 were $3.69 billion, with total diluted earnings per share of $11.61, including a net after-tax gain of $3.47 billion from the aerospace business sale. For Q1 2023, it reported $177 million, or 56 cents per diluted share.

1. 01

   Ball said net earnings attributable to the corporation for Q1 2024 were $3.69 billion, with total diluted earnings per share of $11.61, including a net after-tax gain of $3.47 billion from the aerospace business sale. For Q1 2023, it reported $177 million, or 56 cents per diluted share.

2. 02

   The company said it completed the divestiture of its aerospace business on February 16, 2024 for a purchase price of $5.6 billion, and that it recorded a pre-tax gain of $4.67 billion. It also said the gain could change as closing adjustments, such as working capital adjustments, are resolved.

3. 03

   Ball's operating cash flow for Q1 2024 (3 months) was an outflow of $(1,247) million, and free cash flow was $(1,401) million. Business dispositions, net of cash sold, for the same period were $5,422 million.

4. 04

   Ball said it repaid $2.8 billion of debt in Q1 2024, started a multi-year share repurchase program, and returned $245 million to shareholders through share repurchases and dividends. It also said it plans to expand share repurchases to about $1.3 billion by year-end and pay about $1.0 billion in taxes related to the aerospace sale.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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