ball corp (BLL) Key Developments
Denver Beer Co. Uses Ball Corporation's Dynamark to Encourage Exploration
Aug 8 14
Denver Beer Co. (DBC) is releasing two of its most popular brews in 12-ounce cans from Ball Corporation. DBC utilized Ball's new Dynamark variable printing technology to mark each can of Incredible Pedal and Graham Cracker Porter with one of 24 distinct GPS coordinates. These coordinates correspond to locations in Colorado, for a total of 24 unique secret locations.
Ball Corporation Plans to Invest $18 Million to Expand Metal Container Operations
Aug 1 14
Ball Corporation announced that it is expanding its metal container operations - a project expected to create approximately 40 new jobs and retain another 106 positions. Ball will invest $18 million to expand and equip its existing 400,000 square-foot facility in the Madison suburb that will enable the company to install a new product line for extruded aluminum aerosol cans. Construction is now under way and the line is expected to be operational early next year.
Ball Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year of 2014
Jul 31 14
Ball Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second quarter net earnings attributable to the corporation of $153.1 million, or $1.07 per diluted share (including after tax charges of $7.7 million, or 6 cents per diluted share for business consolidation costs) on sales of $2.3 billion, compared to $95.1 million, or 63 cents per diluted share, on sales of $2.2 billion in the second quarter of 2013. Comparable 2014 earnings per diluted share for the second quarter were $1.13 versus second quarter 2013 comparable earnings per diluted share of 85 cents. Earnings before taxes were $215.3 million against $129.1 million for the same period last year. Net earnings from continuing operations were $156.3 million or $1.07 per share compared to net earnings from continuing operations of $99.1 million or $0.63 per share for the same period last year. Earnings before interest and taxes was $255.9 million against $203.5 million for the same period last year.
For the first six months of 2014 were net earnings attributable to the corporation of $246.6 million, or $1.72 per diluted share, on sales of $4.3 billion, compared to $167.1 million, or $1.10 per diluted share, on sales of $4.2 billion in the first six months of 2013. Comparable 2014 earnings per diluted share for year-to-date were $1.94, versus year-to-date 2013 comparable earnings per diluted share of $1.43. Earnings before taxes were $359.4 million against $227.3 million for the same period last year. Net earnings from continuing operations were $261.2 million or $1.72 per share compared to net earnings from continuing operations of $178.4 million or $1.10 per share for the same period last year. Total cash provided by operating activities was $210.0 million against cash used in operating activities of $86.6 million of prior year period. Capital expenditures were $135.3 million against $201.1 million of prior year period. Net earnings was $261.2 million against $178.5 million for the same period last year. Earnings before interest and taxes was $473.3 million against $346.5 million for the same period last year.
The company expects free cash flow to exceed $550 million for 2014. The company expects diluted earnings per share growth goal of 10% to 15%, CapEx around $375 million, with it being more back-end weighted. Interest expense should be around $163 million and effective tax rate for the full year should be in the range of 28%. On a full year basis, corporate undistributed should be closer to $80 million.
Ball Corporation Declares Quarterly Dividend, Payable on Sept. 16, 2014
Jul 30 14
Ball Corporation's board of directors declared a cash dividend of 13 cents per share, payable Sept. 16, 2014, to shareholders of record as of Sept. 2, 2014.
Ball Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014
Jul 24 14
Ball Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 . Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States.