Ball Corporation reported full-year 2024 net earnings attributable to the corporation of $4.01 billion, or $13.00 per diluted share, on sales of $11.80 billion. This compares to $707 million net earnings and $12.06 billion in sales for 2023. Full-year 2024 comparable net earnings were $977 million, or $3.17 per diluted share, up from $920 million, or $2.90 per diluted share, in 2023.
For the fourth quarter 2024, Ball reported a net loss attributable to the corporation of $32 million, or $0.11 per diluted share, on sales of $2.88 billion. Fourth quarter comparable diluted earnings per share were $0.84, an increase from $0.78 in Q4 2023. The company returned $1.96 billion to shareholders in 2024 through share repurchases and dividends.
Ball provided an optimistic outlook for 2025, projecting comparable diluted EPS growth of 11% to 14% and global beverage can volume growth in the 2% to 3% range. The company expects to repurchase at least $1.3 billion in shares in 2025, following $1.7 billion in 2024, and targets year-end 2025 net debt to comparable EBITDA at 2.75x.
The company announced the acquisition of Florida Can Manufacturing and its beverage can facility in Winter Haven, Florida, for $160 million, which closed on February 4, 2025. This acquisition provides needed capacity in North America and is for well below replacement value, with no impact on share repurchase plans.
Ball's Board also approved pursuing alternatives for its aluminum cup business in Q4 2024, including a strategic partnership in early 2025, expected to result in deconsolidation. This decision led to a noncash impairment charge in Q4 2024.
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