The company said net sales for the 3 months ended September 30, 2024 decreased $29 million from the same period a year earlier, and for the 9 months decreased $244 million. It cited a $17 million decrease from price/mix as the main factor for the 3-month decline, and a $232 million decrease, mainly from lower aluminum prices, as the main factor for the 9-month decline.

10-QQuarterly reportFiled Oct 31, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net sales for the 3 months ended September 30, 2024 decreased $29 million from the same period a year earlier, and for the 9 months decreased $244 million. It cited a $17 million decrease from price/mix as the main factor for the 3-month decline, and a $232 million decrease, mainly from lower aluminum prices, as the main factor for the 9-month decline.
The company said it completed the divestiture of its aerospace business on February 16, 2024. It said net earnings attributable to Ball Corporation decreased $6 million for the 3 months, and increased $3.49 billion for the 9 months, mainly due to a $3.44 billion increase in discontinued operations, net of tax.
The company said cash used in operating activities for 2024 was $385 million over the 9 months, mainly reflecting a working capital outflow of $630 million. Investing activities provided $5.18 billion, with initial cash proceeds from the sale of the aerospace business of $5.42 billion, and financing activities used $4.00 billion.
The company said interest-bearing debt fell to $5.82 billion as of September 30, 2024 from $8.62 billion as of December 31, 2023. Share repurchases for the 9 months of 2024 totaled $1.06 billion, and the company said it plans about $1.4 billion in share repurchases in 2024.

Key figures

Quarter ended September 30, 2024

Revenue: $3.1B
Net income: $199M
EPS: $0.65

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net Sales Fall in 2024 Nine Months; Company Cites Price/Mix and Aluminum Prices

The company said net sales for the 3 months ended September 30, 2024 decreased $29 million from the same period a year earlier, and for the 9 months decreased $244 million. It cited a $17 million decrease from price/mix as the main factor for the 3-month decline, and a $232 million decrease, mainly from lower aluminum prices, as the main factor for the 9-month decline.

Source · Based on the MD&A text of the filing

Aerospace Divestiture and Net Earnings Changes

The company said it completed the divestiture of its aerospace business on February 16, 2024. It said net earnings attributable to Ball Corporation decreased $6 million for the 3 months, and increased $3.49 billion for the 9 months, mainly due to a $3.44 billion increase in discontinued operations, net of tax.

Source · Based on the MD&A text of the filing

Cash Flows for 9 Months and Aerospace Sale Proceeds

The company said cash used in operating activities for 2024 was $385 million over the 9 months, mainly reflecting a working capital outflow of $630 million. Investing activities provided $5.18 billion, with initial cash proceeds from the sale of the aerospace business of $5.42 billion, and financing activities used $4.00 billion.

Source · Based on the MD&A text of the filing

Debt Reduction and Share Repurchases

The company said interest-bearing debt fell to $5.82 billion as of September 30, 2024 from $8.62 billion as of December 31, 2023. Share repurchases for the 9 months of 2024 totaled $1.06 billion, and the company said it plans about $1.4 billion in share repurchases in 2024.

Source · Based on the MD&A text of the filing

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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