Published on 5 May 2022 on Zacks via Yahoo Finance
Ball Corp (BLL) Q1 Earnings Miss, Sales Beat Estimates, Up Y/Y
Ball Corporation BLL reported first-quarter 2022 adjusted earnings of 77 cents per share, missing the Zacks Consensus Estimate of 83 cents. The bottom line increased 7% year over year.On a reported basis, the company’s earnings were $1.37 per share compared with the prior-year quarter’s 60 cents.
Total sales came in at $3,716 million in the reported quarter, up 19% from the year-ago quarter’s levels. The top line surpassed the Zacks Consensus Estimate of $3,546 million. All the segments reported higher sales volume on the back of higher shipments and contractual pass-through of higher aluminum costs. In the quarter, global beverage-can volumes were up 13%.
Operational Update