Ball Reports First Quarter 2023 Results

Highlights

WESTMINSTER, Colo., May 4, 2023 /PRNewswire/ -- Ball Corporation (NYSE:BALL) today reported, on a U.S. GAAP basis, first quarter 2023 net earnings attributable to the corporation of $177 million (including a net after-tax loss of $40 million, or 13 cents per diluted share for business consolidation and other non-comparable items) or diluted earnings per share of 56 cents, on sales of $3.49 billion, compared to $446 million net earnings attributable to the corporation, or $1.37 per diluted share (including a net after-tax gain of $194 million, or 60 cents per diluted share for business consolidation and other non-comparable items, including the sale of Ball's former equity method investment in Metalpack) on sales of $3.72 billion in 2022. Ball's first quarter 2023 comparable net earnings were $217 million, or 69 cents per diluted share compared to $252 million, or 77 cents per diluted share in 2022. Year-over-year financial results reflect the impact of the Russian aluminum beverage can business sale completed in the third quarter of 2022.