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Ball Corporation BALL Operating Income

Discontinued — last reported Q1 '24

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Other financials

Income statement

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Revenue$3.6B+16.3%
Gross profit$646.0M+7.0%
Net income$205.0M+14.5%
EPS (diluted)$0.77+22.2%

Balance sheet

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Cash & equivalents$730.0M+62.6%
Total debt$7.9B+16.0%
Total equity$5.6B+1.8%
Total assets$19.8B+9.6%

Cash flow

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Operating cash flow-$777.0M-16.8%
CapEx$161.0M+98.8%
Free cash flow-$938.0M-25.7%

Valuation

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Market cap$16.81B+17.5%
Enterprise value$23.97B+13.5%
P/E17.9×-7.5×
P/S1.2×+0.1×

Profitability

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Gross margin19.2%-1.2pp
Operating margin9.6%+2.1pp
Net margin6.9%+2.7pp
FCF margin0.3%

Returns & leverage

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Return on equity17%+9.0pp
Debt / equity1.4×+0.2×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Ball Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Ball Corporation’s 10-Q, filed May 7, 2024.

Filed
May 7, 2024
Fiscal quarter
Q1 FY2024
Calendar quarter
Q1 2024
Accession
0001558370-24-006975
($ in millions, except per share amounts)Three Months Ended March 31, 2024Three Months Ended March 31, 2023
Selling, general and administrative(211)(115)
Business consolidation and other activities(26)(20)
(2,678)(2,714)
Earnings before interest and taxes196267
Interest expense(93)(113)
Debt refinancing and other costs(2)
Total interest expense(95)(113)
Earnings before taxes101154

Item 1. FINANCIAL STATEMENTS

FAQ

What is Ball Corporation's operating income?
Ball Corporation (BALL) reported operating income of $196M in Q1 2024.
How has Ball Corporation's operating income changed year-over-year?
Ball Corporation's operating income decreased by 26.6% year-over-year, from $267M to $196M.
What is the long-term trend for Ball Corporation's operating income?
Over 2 years (2021 to 2023), Ball Corporation's operating income has grown at a -3.1% compound annual growth rate (CAGR), from $1.29B to $1.21B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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