Quarterly ResultMay 5, 2026, 01:19 PM
Ball Corp Q1 Net Sales $3.60B; EPS $0.77; Acquires Benepack Business
AI Summary
Ball Corporation reported increased financial results for the first quarter ended March 31, 2026, with net sales rising to $3.60 billion and net earnings attributable to Ball Corporation reaching $205 million. Diluted earnings per share also improved to $0.77. The company also completed the acquisition of an 80% capital share of Benepack's European beverage can manufacturing business in January 2026, enhancing its European manufacturing network. However, cash used in operating activities increased significantly to $777 million.
Key Highlights
- Net sales increased to $3.60 billion for Q1 2026, up from $3.10 billion in Q1 2025.
- Net earnings attributable to Ball Corporation rose to $205 million in Q1 2026, compared to $179 million in Q1 2025.
- Diluted earnings per share from continuing operations increased to $0.77 in Q1 2026, up from $0.64 in Q1 2025.
- Acquired 80% of Benepack's European beverage can manufacturing business in January 2026 for $94 million cash.
- Beverage packaging, North and Central America net sales were $1.78 billion, with comparable operating earnings of $205 million.
- Beverage packaging, EMEA net sales were $1.11 billion, with comparable operating earnings of $134 million.
- Cash used in operating activities was $777 million for Q1 2026, compared to $665 million for Q1 2025.
- Total long-term debt was $7.02 billion at March 31, 2026, up from $6.99 billion at December 31, 2025.