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Ball (BALL) investor relations material
Ball Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 global aluminum packaging shipments rose 4.7% YoY; comparable operating earnings increased 2.5% to $451M and comparable diluted EPS rose 6.8% to $1.10.
Nine-month comparable operating earnings rose 6.4% and comparable diluted EPS increased 14%; volume growth was 3.4%.
FY2026 guidance remains on track for 10%+ comparable EPS growth and $900M free cash flow, supported by strong demand and contracted volumes.
Financial highlights
Q3 net sales were $4.188B versus $3.379B; net loss attributable to Ball was $94M versus net earnings of $321M, primarily reflecting a $475M noncash U.K. pension settlement charge.
Q3 comparable net earnings were $293M, or $1.10 per diluted share, versus $280M and $1.03; nine-month comparable operating earnings were $1.271B versus $1.194B.
Nine-month operating cash flow was $20M; a $1.23B working-capital outflow contributed to the decline.
Q3 included a roughly $20M metal timing gain expected to reverse in Q4; Millersburg startup costs were about $10M in Q3.
Outlook and guidance
FY2026 comparable diluted EPS growth is expected to exceed 10%; Q4 is expected to bring strong volume growth and modest EPS growth.
FY2026 free cash flow is forecast at $900M; capital expenditures are expected at $650M.
FY2026 shareholder returns are targeted at at least $800M, including about $600M of repurchases and about $210M of dividends; the nine-month total was $431M.
FY2026 Millersburg startup costs are expected near $25M; North America volume growth is expected at the low end of its 1%-3% long-term range.
FY2026 effective tax rate on comparable earnings is expected at ~23.5%, interest expense at $310M and adjusted corporate undistributed costs at ~$165M.
- Q2 2026 volumes up 4.3%, EPS up 14.4%, and EMEA expanded via Benepack acquisition.BALL
Q2 2026 - Record earnings expected in 2024, driven by global growth and disciplined capital allocation.BALL
Bank of America 2025 Global Agriculture and Materials Conference - Strong growth, disciplined expansion, and operational excellence drive industry leadership.BALL
16th Annual Wells Fargo Industrials & Materials Conference - All proposals passed by majority, with board and auditor appointments confirmed.BALL
AGM 2026 - Q1 2026 delivered 22% EPS growth and strong sales, with $800M+ in shareholder returns planned.BALL
Q1 2026 - Disciplined execution and strong demand drive growth, with 90% of 2027 capacity already sold.BALL
Bank of America 2026 Global Agriculture and Materials Conference - Annual meeting covers director elections, auditor ratification, and executive pay votes.BALL
Proxy Filing - Record 2025 results with 13% EPS growth, $956M free cash flow, and robust 2026 outlook.BALL
Q4 2025 - Q1 2025 delivered 12% EPS growth, $3.10B sales, and strong shareholder returns.BALL
Q1 2025
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Frequently asked questions
Canning Experts
Ball Corporation is an American company most famous for its production of various types of jars used for home canning and preservation. The company is headquartered in Westminster, Colorado, and is today one of the largest manufacturers of recyclable food and drink containers, working with some of the most influential beverage companies in the world. The company has been traded on the NYSE since 1973.
Over 150 Years of History
Ball Corporation has roots tracing back to the late 19th century and began as a small enterprise producing wooden-jacketed tin cans for paint and kerosene. Founded in 1880 by five Ball brothers in Buffalo, New York, the company quickly recognized the growing demand for glass containers. By 1884, Ball Corporation had transitioned into the production of glass fruit jars, which became commonly known as "Ball jars."
Throughout the 20th century, Ball Corporation continued to innovate and diversify. While maintaining its foothold in the glass container business, the company expanded into aerospace and defense technologies during the mid-20th century. In recent decades, Ball has shifted its focus entirely to become a significant player in the production of aluminum beverage cans and similar products. The company also operated an aerospace division for several years, although this segment of the business was acquired by BAE Systems in 2023.
Packaging
Ball Corporation is arguably the most important player metal packaging industry, more often than not setting the status quo within the industry. Predominantly, their packaging solutions cater to the beverage sector, providing a wide range of aluminum cans suitable for different beverages, including soft drinks, beers, and teas. Their product portfolio encompasses standard can sizes, as well as specialized shapes and configurations to meet whatever requirements their customers might have In addition to beverage containers, Ball manufactures aluminum packaging for food items and certain household and personal care products. The company's emphasis on research and development has led to the introduction of innovations, such as resealable aluminum containers and optimized lightweight designs that aim to reduce material consumption.
Working With The Biggest Names in the Beverage Industry
Ball supplies aluminum packaging and bottling services for some of the biggest names in the industry. Due to their cutting-edge techniques, experience, and strategically located packaging plants, companies like Monster, PepsiCo., Coca-Cola, and many other behemoths of the industry choose to work with Ball.
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