$BLL (Ball Corporation)

$BLL {{ '2016-05-18T12:04:34+0000' | timeago}} • SEC

In April 2016, $BLL entered into an Equity and Asset Purchase Agreement to divest of a metal beverage packaging business, consisting of a part of $BLL's metal beverage packaging business as well as select metal beverage can assets of Rexam, for about $3.42Bil to satisfy some regulatory requirements related to $BLL's proposed acquisition of Rexam.

$BLL {{ '2017-08-31T11:06:29+0000' | timeago}} • Announcement

$BLL said it will cease production at its Birmingham, Alabama, Chatsworth, California, and Longview, Texas, beverage packaging plants in 2018. $BLL will also begin construction on a new, state-of-the-art beverage packaging facility in Goodyear, Arizona, which is expected to begin production in 2Q18.

$BLL {{ '2017-08-22T21:00:28+0000' | timeago}} • Announcement

$BLL has closed a purchase agreement with The Prudential Insurance Company of America for a group annuity contract that will transfer payment responsibility liabilities for retirement pension benefits owed to approx. 11,000 Ball and Rexam retirees in the U.S. Through this, Ball will cut its projected pension benefit obligation by approx. $220MM.

$BLL {{ '2017-08-07T11:51:18+0000' | timeago}} • Announcement

$BLL announced an agreement to repurchase approx. $100MM of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction. The company is repurchasing the outstanding common stock with Goldman Sachs & Co. LLC, using cash on hand and available borrowings.

$BLL {{ '2017-05-04T10:25:36+0000' | timeago}} • Announcement

$BLL still expects 2017 free cash flow of $750-850MM after capital spending of about $500MM. $BLL remains on pace to deliver on its free cash flow, EVA dollar growth, EPS growth and cost savings targets for 2017 and beyond. $BLL looks forward to returning additional value to shareholders in the form of share repurchases and higher dividends.

$BLL {{ '2017-05-04T10:25:21+0000' | timeago}} • Announcement

$BLL swung to a profit in 1Q17 from loss last year, on higher revenue. Net income was $68MM or $0.38 per share compared to a loss of $127MM or $0.90 per share in 1Q16. Sales grew to $2.47Bil from $1.76Bil. Comparable EPS increased to $0.76 from $0.59, on higher global beverage and aerosol can demand and beverage container purchase.

$BLL {{ '2017-04-27T13:49:13+0000' | timeago}} • Announcement

$BLL appointed Carlos Medeiros as president, Beverage Packaging North and Central America, and promoted Carlos Eduardo Pires to president, Beverage Packaging South America. Medeiros succeeds Daniel Fisher, who was promoted to COO, global beverage packaging in late 2016.

$BLL {{ '2017-04-27T13:48:03+0000' | timeago}} • Announcement

$BLL's BoD announced a 2-for-1 split of common stock and lifted quarterly cash dividend by 54% to 10 cents on post-split basis. The distribution date for stock split will be May 16, in form of 100% stock dividend, to shareholders of record on May 8, 2017. The post-split dividend is payable on June 15 to shareholders of record on June 1, 2017.

$BLL {{ '2017-03-27T15:28:27+0000' | timeago}} • Announcement

$BLL announced the sale of its paint and general line can manufacturing facility in Hubbard, Ohio, to U.S.-based BWAY Corp. The Hubbard plant employs about 70 people and manufactures a variety of tinplate paint and general line cans. $BLL acquired the plant in 2006 as part of the company's acquisition of U.S. Can Corp.

$BLL {{ '2017-02-14T12:27:05+0000' | timeago}} • Announcement

$BLL received a contract from NASA for continued spacecraft operations support for the NOAA/NASA Suomi National Polar-orbiting Partnership (Suomi NPP) satellite. The sole source contract has a maximum ordering period of five years beginning March 7, 2017.

$BLL {{ '2017-02-02T12:49:36+0000' | timeago}} • Announcement

$BLL's contracted backlog at the end of FY16 was $1.4Bil. To support growth in the business, including the YoY doubling of the contracted backlog, the company will expand its Westminster, Colorado, aerospace manufacturing center during 2017.

$BLL {{ '2017-02-02T12:49:13+0000' | timeago}} • Announcement

$BLL expects its FY17 free cash flow to be in the range of $750-850MM after capital spending of approx. $500MM.

$BLL {{ '2017-02-02T12:48:48+0000' | timeago}} • Announcement

Metal packaging company $BLL reported 74.5% drop in its 4Q16 earnings result. Net earnings attributable to $BLL fell to $14MM, or $0.08 per share, compared to $55MM, or $0.39 per share during 4Q15. Net sales rose to $2.5Bil from $1.8Bil during prior year period. Comparable EPS was $3.48.

$BLL {{ '2016-12-13T11:44:28+0000' | timeago}} • Announcement

$BLL said Erik Bouts is leaving the company at the end of December and that Daniel W. Fisher has been named SVP and COO, Global Beverage Packaging. The company expects to announce a successor for the Beverage Packaging North and Central America leadership position during 1Q17.

$SXT {{ '2016-12-05T12:09:03+0000' | timeago}} • Announcement

$SXT elected Scott Morrison to its BoD. Morrison is SVP and CFO of $BLL, a global supplier of innovative, sustainable packaging solutions for beverage, food and household products customers.

$BLL {{ '2016-11-03T16:08:59+0000' | timeago}} • Webcast

$BLL commented there has not been any impact on synergies from the pound devaluation, as the company's pound business is small. $BLL added that the UK business as a percent of revenue is south of 5%, which is not a big driver.

$BLL {{ '2016-11-03T16:04:41+0000' | timeago}} • Webcast

$BLL said that in South America, the company saw can continue to gain share than glass in 3Q16. The company is not seeing any change in trends going forward and expects can to grow relative to glass.

$BLL {{ '2016-11-03T15:43:21+0000' | timeago}} • Webcast

For FY16, $BLL expects comparable operating earnings to be about $1Bil, excluding the amortization of acquired customer intangibles. The company also expects full year weighted avg. diluted shares outstanding for 2016 to be in the range of 161MM, while interest expense is expected in the range of $230MM.

$BLL {{ '2016-11-03T15:38:36+0000' | timeago}} • Webcast

In Beverage Packaging, Europe segment, which includes Russia, $BLL's results were up in 3Q16 due to strong can demand in Sept. and due to acquisitions. In Food and Aerosol Packaging segment, comparable earnings were flat YoverY, impacted by lower food can volumes.

$BLL {{ '2016-11-03T15:33:24+0000' | timeago}} • Webcast

$BLL stated that in its Beverage Packaging, North and Central America segment, the company's new Monterrey, Mexico facility is making good strides in production, while the domestic and export demand remains strong. In Beverage Packaging, South America segment had strong results, as can demand in Brazil gained momentum in 3Q16, due to summer season.

$BLL {{ '2016-11-03T15:25:36+0000' | timeago}} • Webcast

$BLL stated that as part of the cost cutting initiatives, the company will exit the Millbank office by Dec. 2016 and close the Charlotte office in 1H17. In the food and aerosol business, the company added that it posted good results, despite depressed US food can demand in the quarter.

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