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Strong operating performance for Ball
Ball Corporation has reported third-quarter net earnings from continuing operations of $222.2m, or $2.44 per diluted share, on sales of $2bn, compared to $108.9m, or $1.14 cents per diluted share, on sales of $1.8bn in the third quarter of 2009.
On a comparable basis, Ball’s third-quarter results were net earnings of $127.7m, or $1.40 per diluted share, compared to $115.0m, or $1.21 per diluted share, in the third quarter of 2009.
Highlights
- 3Q comparable earnings per diluted share from continuing operations of $1.40 vs $1.21 last year, an increase of approximately 16%.
- Strong performance throughout the company’s various packaging operations.
- Improved aerospace segment results due to excellent programme performance.
- Aerospace backlog increased to $852m, up from $539m at the end of the second quarter.
- Full-year free cash flow expected to be at least $500m, excluding change in accounting for receivables securitization.
- Company on target to repurchase more than $400m in stock in 2010.
Source: Ball Corporation
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