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BALL's Q3 Earnings Match Estimates, Sales Up Y/Y on Higher Volumes
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Key Takeaways
Ball Corp. posted Q3 adjusted EPS of $1.02, matching estimates and up 12% from last year.
Sales grew to $3.38B, topping forecasts, as aluminum packaging shipments rose 3.9%.
North America and EMEA segments led revenue gains, driven by higher volumes and pricing.
Ball Corporation (BALL - Free Report) has reported third-quarter 2025 adjusted earnings per share (EPS) of $1.02, which came in line with the Zacks Consensus Estimate. The bottom line improved 12% year over year. The upside was driven by higher volumes across all segments.
On a reported basis, the company’s EPS from continuing operations was $1.18 compared with the prior-year quarter’s 63 cents.
Total sales were $3.38 billion in the reported quarter compared with $3.08 billion in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $3.32 billion. Global aluminum packaging shipments were up 3.9% year over year.
Ball Corporation Price, Consensus and EPS Surprise
The cost of sales was $2.7 billion, up 11.4% from the year-ago quarter. The gross profit totaled $678 million, up 3% from the year-ago quarter’s $657 million. The gross margin was 20.1%, a contraction from the prior-year quarter’s 21.3%.
Selling, general and administrative expenses decreased 8.5% year over year to $130 million. Comparable segment operating earnings were $437 million compared with the prior-year quarter’s $409 million.
BALL’s Q3 Segmental Performances
The Beverage Packaging North and Central America segment’s revenues increased 12.5% year over year to $1.64 billion in the third quarter on higher volume and price/mix. We predicted sales of $1.5 billion. Operating earnings amounted to $210 million, up 3% year over year. Our estimate for the segment's operating earnings was $179 million.
Sales in the Beverage Packaging EMEA segment were $1.06 billion, up 11% year over year. The reported figure beat our estimate of $991 million. The upside was driven by higher volume and favorable currency impact. Operating earnings were $147 million, marking 14.8% year-over-year growth. We projected operating earnings of $108 million.
The Beverage Packaging South America segment’s revenues rose 5% year over year to $508 million, driven by higher volumes. Our projection for the segment’s sales was $525 million. Operating earnings rose 2.6% to $80 million. The reported figure beat our estimate of $58.7 million.
Ball Corp.'s Cash Flow & Debt Position
The company reported cash and cash equivalents of $0.57 billion at the end of third-quarter 2025, down from $1.44 billion at the end of the prior-year quarter. Cash generated from operating activities amounted to $51 million in the first nine-month period of 2025 against the cash outflow of around $385 million reported in the last year's comparable period.
The company’s long-term debt increased to $6.86 billion as of Sept. 30, 2025, from $5.35 billion as of Sept. 30, 2024.
The company so far in the year has returned $1.27 billion to shareholders through share repurchases and dividends. It remains on track to attain its target to return at least $1.5 billion to shareholders by the end of 2025.
In August, Ball Corp. sold 41% of its 51% stake in Ball United Arab Can Manufacturing Company.
BALL’s Outlook For 2025
The company expects growth in comparable earnings per share of 12-15% in 2025.
Ball Corp.’s Price Performance & Zacks Rank
Ball Corp’s shares have lost 14.6% so far this year compared with the industry’s 6.4% decline.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
Silgan Holdings Inc. (SLGN - Free Report) reported adjusted earnings of $1.22 per share in third-quarter 2025, beating the Zacks Consensus Estimate of $1.21. The bottom line increased 1% year over year and was within Silgan’s guidance of $1.18-$1.28.
Silgan’s total revenues increased year over year to $2.01 billion from the prior-year quarter’s $1.75 billion. The top line beat the Zacks Consensus Estimate of $1.93 billion.
Crown Holdings (CCK - Free Report) reported earnings of $2.24 per share, beating the Zacks Consensus Estimate of $1.98 per share. The bottom-line figure marked a 13% increase from $1.99 reported by Crown Holdings in the year-ago quarter.
Crown Holdings posted revenues of $3.2 billion for the quarter, a 4% increase year over year. It also beat the Zacks Consensus Estimate of $3.19 billion.
Sealed Air Corporation (SEE - Free Report) reported third-quarter 2025 adjusted earnings per share of 87 cents, which surpassed the Zacks Consensus Estimate of 68 cents. Sealed Air’s bottom line increased 10.1% year over year.
Sealed Air’s total revenues were $1.35 billion, which beat the Zacks Consensus Estimate of $1.31 billion. The figure was up 0.5% year over year.
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BALL's Q3 Earnings Match Estimates, Sales Up Y/Y on Higher Volumes
Key Takeaways
Ball Corporation (BALL - Free Report) has reported third-quarter 2025 adjusted earnings per share (EPS) of $1.02, which came in line with the Zacks Consensus Estimate. The bottom line improved 12% year over year. The upside was driven by higher volumes across all segments.
On a reported basis, the company’s EPS from continuing operations was $1.18 compared with the prior-year quarter’s 63 cents.
Total sales were $3.38 billion in the reported quarter compared with $3.08 billion in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $3.32 billion. Global aluminum packaging shipments were up 3.9% year over year.
Ball Corporation Price, Consensus and EPS Surprise
Ball Corporation price-consensus-eps-surprise-chart | Ball Corporation Quote
Ball Corp.’s Q3 Operational Update
The cost of sales was $2.7 billion, up 11.4% from the year-ago quarter. The gross profit totaled $678 million, up 3% from the year-ago quarter’s $657 million. The gross margin was 20.1%, a contraction from the prior-year quarter’s 21.3%.
Selling, general and administrative expenses decreased 8.5% year over year to $130 million. Comparable segment operating earnings were $437 million compared with the prior-year quarter’s $409 million.
BALL’s Q3 Segmental Performances
The Beverage Packaging North and Central America segment’s revenues increased 12.5% year over year to $1.64 billion in the third quarter on higher volume and price/mix. We predicted sales of $1.5 billion. Operating earnings amounted to $210 million, up 3% year over year. Our estimate for the segment's operating earnings was $179 million.
Sales in the Beverage Packaging EMEA segment were $1.06 billion, up 11% year over year. The reported figure beat our estimate of $991 million. The upside was driven by higher volume and favorable currency impact. Operating earnings were $147 million, marking 14.8% year-over-year growth. We projected operating earnings of $108 million.
The Beverage Packaging South America segment’s revenues rose 5% year over year to $508 million, driven by higher volumes. Our projection for the segment’s sales was $525 million. Operating earnings rose 2.6% to $80 million. The reported figure beat our estimate of $58.7 million.
Ball Corp.'s Cash Flow & Debt Position
The company reported cash and cash equivalents of $0.57 billion at the end of third-quarter 2025, down from $1.44 billion at the end of the prior-year quarter. Cash generated from operating activities amounted to $51 million in the first nine-month period of 2025 against the cash outflow of around $385 million reported in the last year's comparable period.
The company’s long-term debt increased to $6.86 billion as of Sept. 30, 2025, from $5.35 billion as of Sept. 30, 2024.
The company so far in the year has returned $1.27 billion to shareholders through share repurchases and dividends. It remains on track to attain its target to return at least $1.5 billion to shareholders by the end of 2025.
In August, Ball Corp. sold 41% of its 51% stake in Ball United Arab Can Manufacturing Company.
BALL’s Outlook For 2025
The company expects growth in comparable earnings per share of 12-15% in 2025.
Ball Corp.’s Price Performance & Zacks Rank
Ball Corp’s shares have lost 14.6% so far this year compared with the industry’s 6.4% decline.
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performances of BALL’s Peers in Q3
Silgan Holdings Inc. (SLGN - Free Report) reported adjusted earnings of $1.22 per share in third-quarter 2025, beating the Zacks Consensus Estimate of $1.21. The bottom line increased 1% year over year and was within Silgan’s guidance of $1.18-$1.28.
Silgan’s total revenues increased year over year to $2.01 billion from the prior-year quarter’s $1.75 billion. The top line beat the Zacks Consensus Estimate of $1.93 billion.
Crown Holdings (CCK - Free Report) reported earnings of $2.24 per share, beating the Zacks Consensus Estimate of $1.98 per share. The bottom-line figure marked a 13% increase from $1.99 reported by Crown Holdings in the year-ago quarter.
Crown Holdings posted revenues of $3.2 billion for the quarter, a 4% increase year over year. It also beat the Zacks Consensus Estimate of $3.19 billion.
Sealed Air Corporation (SEE - Free Report) reported third-quarter 2025 adjusted earnings per share of 87 cents, which surpassed the Zacks Consensus Estimate of 68 cents. Sealed Air’s bottom line increased 10.1% year over year.
Sealed Air’s total revenues were $1.35 billion, which beat the Zacks Consensus Estimate of $1.31 billion. The figure was up 0.5% year over year.