By Dean Seal
Aluminum-can maker Ball recorded higher sales across its regional businesses in the first quarter on higher volumes and prices.
The Westminster, Colo., company posted a profit of $179 million, or 63 cents a share. That's compared with $3.69 billion, or $11.61 a share, in a year-earlier quarter that included the sale of Ball Aerospace & Technologies to BAE Systems, which accounted for $3.47 billion, or $10.93 a share, of the profit.
Stripping out one-time items, adjusted earnings were 76 cents a share. Analysts polled by FactSet had been expecting 70 cents a share.
Quarterly sales rose 7.8% to $3.1 billion, ahead of analyst forecasts for $2.9 billion, according to FactSet.
Ball's beverage packaging business in North and Central America boosted revenue with higher volumes, higher price and a more favorable mix of products sold. The volume gains helped boost the segment's profitability.
Beverage packaging in Europe, the Middle East and Africa also logged higher earnings and sales than in the year-earlier quarter as shipments rose, though foreign currency translation was a headwind. The company's South American business recorded higher results as well from higher volumes and price increases.
The company said it hasn't seen any direct effects from the global tariff war on its second-quarter performance.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 06, 2025 06:25 ET (10:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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