trending Market Intelligence /marketintelligence/en/news-insights/trending/fk4qhw8Q8DJ2yPGg3kXBnw2 content esgSubNav
In This List

Ball Corp. Q3 profit falls YOY


According to Market Intelligence, December 2022


Private Markets 360° | Episode 1: The role of ESG in Private Equity


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes


Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise

Ball Corp. Q3 profit falls YOY

Ball Corp. said its normalized net income for the third quarter came to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.

EPS decreased 5.9% year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $114.8 million, a decline of 6.7% from $123.0 million in the year-earlier period.

The normalized profit margin dropped to 5.4% from 5.5% in the year-earlier period.

Total revenue fell 6.3% year over year to $2.10 billion from $2.24 billion, and total operating expenses decreased 6.6% year over year to $1.87 billion from $2.00 billion.

Reported net income decreased 69.5% on an annual basis to $45.1 million, or 16 cents per share, from $147.8 million, or 52 cents per share.