Ball Corp. Now Sees Low End Of Comparable EPS Growth Range In FY23 - Update

(RTTNews) - Ball Corp. (BALL), while reporting a profit in its second quarter despite weak revenues, on Thursday said that in fiscal 2023, there is potential to achieve low end of long-term comparable earnings per share growth goal of 10 to 15 percent, inclusive of divested Russian operating earnings headwind.

In the second quarter, net earnings attributable to the corporation was $173 million or 55 cents per share, compared to a net loss of $174 million or 55 cents per share a year ago.

Ball's second quarter comparable earnings per share were 61 cents, compared to 82 cents a year ago.

Sales were $3.57 billion, compared to $4.13 billion in 2022.

On average, analysts polled by Thomson Reuters expected earnings of $0.59 per share on sales of $3.84 billion for the quarter. Analysts' estimates typically exclude special items.

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