BLL - Ball Non-GAAP EPS of $0.77 misses by $0.06 revenue of $3.72B beats by $200M
Ball press release (NYSE:BLL): Q1 Non-GAAP EPS of $0.77 misses by $0.06. Revenue of $3.72B (+18.8% Y/Y) beats by $200M. Beverage can shipments up 10% and 3% in EMEA and North America, respectively; global specialty mix at 51% Aerospace backlog increased to $3.2 billion; up 28% since year-end 2021 Announced decision to leave Russia and pursue sale of local operations; continuing support of humanitarian efforts in Ukraine Positioned to return in the range of $1.75 billion to shareholders and deploy $1.8 billion in capital expenditures during 2022 Ability to achieve our long-term diluted earnings per share growth goal of 10 – 15% intact; in 2022, ability to achieve range is dependent on Russian business sale outcome
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Ball Non-GAAP EPS of $0.77 misses by $0.06, revenue of $3.72B beats by $200M