Ball Corporation said 2024 net sales decreased $267 million compared to 2023, and net earnings attributable to Ball Corporation increased $3.30 billion. The company cited discontinued operations, net of tax, of $3.36 billion as a factor in the net earnings increase.

1. 01

   Ball Corporation said 2024 net sales decreased $267 million compared to 2023, and net earnings attributable to Ball Corporation increased $3.30 billion. The company cited discontinued operations, net of tax, of $3.36 billion as a factor in the net earnings increase.

2. 02

   Ball Corporation said business consolidation and other activities charges in 2024 were $420 million (compared to $133 million in 2023), consisting primarily of a noncash charge of $233 million to adjust the aluminum cups business to its estimated fair value less cost to sell and facility shutdown costs.

3. 03

   Ball Corporation said cash flows provided by operating activities in 2024 were $115 million, with income taxes paid related to the aerospace business sale of $766 million and a reduction in factoring use of $476 million as offsetting factors. Investing activities provided $5.00 billion and financing activities used $4.79 billion.

4. 04

   Ball Corporation said share repurchases in 2024 were $1.71 billion and common stock dividends were $244 million, and total interest-bearing debt decreased from $8.62 billion at the end of 2023 to $5.69 billion at the end of 2024. The company estimated share repurchases for 2025 at approximately $1.3 billion.

Key figures

Fiscal year ended December 31, 2024

Revenue

$11.8B

Net income

$4.0B

EPS

$13.00

Gross profit

$480M

Operating cash flow

$115M

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

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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