ball corp (BLL) Key Developments
Ball Corporation Announces Promotion of Manette A. Snow as Vice President, Diversity and Inclusion
Jan 8 15
Ball Corporation announced the promotion of Manette A. Snow to the newly created position of vice president, diversity and inclusion. In this new role, Snow is responsible for further developing and embedding diversity and inclusion best practices throughout the company. She will report to John A. Hayes, chairman, president and CEO, effective immediately. Snow also will help accelerate Ball's global efforts to attract, retain and develop diverse employees to meet current and future business needs; lead the company's efforts to broaden diversity awareness; evaluate and revitalize existing diversity and inclusion initiatives; and enhance Ball's employee resource groups. Snow joined Ball in 2007 and most recently served as vice president, total rewards and analytics.
Ball Corporation Appoints Erik Bouts as Senior Vice President and Chief Operating Officer, Global Metal Beverage Packaging, Effective from February 1, 2015
Dec 22 14
Ball Corporation announced that Erik Bouts, 53, will join the company as senior vice president and chief operating officer, global metal beverage packaging, effective February 1, 2015. Bouts will report directly to John A. Hayes, chairman, president and CEO and he will be based in Zurich, Switzerland. Bouts will lead Ball's global metal beverage packaging business as the company continues to maximize value and leverage technological expertise, broaden its geographic reach, expand into new products and capabilities, and align with the right global and regional customers and markets. Bouts most recently was president of Owens-Illinois, Europe.
Ball Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014
Oct 30 14
Ball Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted net sales were $2,238.9 million against $2,277.9 million a year ago. Earnings before tax were $187.9 million against $164.8 million a year ago. Net earnings from continuing operations were $148.4 million or $1.04 diluted against $121.6 million or $0.78 diluted per share a year ago. Net earnings attributable to Ball Corporation were $147.4 million or $1.04 diluted per share against $115.2 million or $0.78 diluted per share a year ago. Earnings before interest and taxes, as reported was $228.0 million against $211.6 million a year ago.
For the nine months, the company has posted net sales were $6,537.6 million against $6,471.3 million a year ago. Earnings before tax were $547.3 million against $392.1 million a year ago. Net earnings from continuing operations were $409.6 million or $2.76 diluted per share against $300.0 million or $1.88 diluted per share a year ago. Net earnings attributable to Ball Corporation were $394.0 million or $2.76 diluted per share against $282.3 million or $1.88 diluted per share a year ago. Total cash provided by operating activities was $650.0 million against $411.3 million a year ago. Capital expenditures were $250.0 million against $309.6 million a year ago. Earnings before interest and taxes, as reported was $701.3 million against $558.1 million a year ago.
For the year 2014, the company expects capital spending of approximately $375 million. The company expects free cash flow to exceed $600 million. The effective tax rate is now expected to be in the range of 25%, primarily due to the release of some uncertain tax positions due to the lapses of the statute of limitations.
Ball Corporation Elects Michael J. Cave as Director of the Corporation; Declares Quarterly Dividend, Payable Dec. 15, 2014
Oct 29 14
Ball Corporation announced that the board of directors elected Michael J. Cave, retired senior vice president from The Boeing Company, to serve as a director of the Corporation. Cave served Boeing for 31 years, most recently as president of Boeing Capital Corp.
The board also declared a cash dividend of 13 cents per share, payable December 15, 2014, to shareholders of record as of December 1, 2014.
Ball Corporation to Report Q3, 2014 Results on Oct 30, 2014
Sep 30 14
Ball Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 30, 2014