Ball Corporation has experienced significant
leadership transitions with abrupt departures including their president and CEO, the latter role being filled by
Ronald J. Lewis. This change coincided with a reinforcement of their
12-15% EPS growth prediction. Simultaneously, the company has initiated multiple strategies and partnerships such as the $60mn investment in Sri City, the launch of ‘Aluminum Assists’ at the Ball Arena with the Denver Nuggets and Colorado Avalanche, and the 'People-First Strategy'. Furthermore, the partnership with Açaí Motion® yielded a natural energy drink can with a sustainability certification. Ball Corporation was also awarded the EMBANEWS awards for
Sustainable Packaging Innovation. With a view on its financial performance, the company declared quarterly dividends, carried out a $250 million accelerated share repurchase, and sold BALL stock holdings. Despite leadership changes, the company reported
strong Q3 results and sustainability advances, lifting the annual profit forecast due to high global demand. Finally, in an effort to grow globally, Ball Corporation has invested an additional $60 million in India to expand aluminum packaging capacity, and has set up an alliance with Meadow to take fully recyclable aluminum cans into worldwide markets.
Ball Corporation BALL News Analytics from Mon, 16 Dec 2024 08:00:00 GMT to Sat, 15 Nov 2025 21:25:36 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 3
