BLL Stock Recent News

Ball Corporation (NYSE:BLL) shares jumped more than 5% in Thursday premarket trading after it agreed to sell its aerospace division to BAE Systems PLC (LSE:BA.) for US$5.55 billion in cash.

Cisco Systems Inc.'s CSCO stock initially tumbled before rising 4% after the computing giant reported fiscal fourth-quarter results. The company issued conservative full-year 2024 guidance that spooked some investors.

BAE Systems PLC (LSE:BA.) has bought Ball Corp's aerospace division for $5.5 billion in a deal it described as “compelling.

Ball Corporation is a Dividend Challenger stock with six consecutive years of dividend growth. The company's financials show positive revenue and earnings growth but negative free cash flow and increasing long-term debt. Ball's valuation is relatively low compared to its historical average, but its stock performance has underperformed the S&P 500.

Private equity firms Blackstone Inc and Veritas Capital Fund Management LLC are competing against large defense companies to acquire the aerospace business of Ball Corp , according to people familiar with the matter.

Ball Corp , the world's largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion.

Well, it only took a little over a year, and a massive increase in the federal funds rate, but the inflation that has dogged the American consumer since early 2021 is finally subsiding.

Ball is the largest producer of aluminum beverage cans in the world and is still investing in expanding its production. Q1 was weak despite posting an adjusted EPS increase compared to Q1 last year.

Ball Corporation (NYSE:BLL ) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants John Hayes - Chairman & CEO Dan Fisher - President & CEO Scott Morrison - EVP & CFO Conference Call Participants Anthony Pettinari - Citi Ghansham Panjabi - Baird Chris Parkinson - Mizuho George Staphos - Bank of America Mike Leithead - Barclays Arun Viswanathan - RBC Capital Markets Phil Ng - Jefferies Mike Roxland - Truist Securities Angel Castillo - Morgan Stanley Mark Wilde - Bank of Montreal Curt Woodworth - Credit Suisse Kyle White - Deutsche Bank Adam Samuelson - Goldman Sachs Operator Greetings, and welcome to the Ball Corporation First Quarter 2022 Earnings Call. During the presentation, all participants will be in a listen-only mode.

Ball Corp (BLL) reports strong results in Q1, driven by robust demand for its aluminum packaging and aerospace technologies.