- Ball press release ( NYSE: BALL ): Q4 Non-GAAP EPS of $0.44 misses by $0.11 .
- Revenue of $3.55B (-3.3% Y/Y) misses by $140M .
- Q4 global beverage can shipments down 6.1%, including Russia
- Q4 global beverage can shipments down .9%, excluding Russia
- Year-over-year aerospace backlog increased 20% to $3.0 billion; contracts won-not-booked reached $5.0 billion.
- Positioned to generate free cash flow and EVA, achieve leverage targets and return value to shareholders in 2023
- Reiterate ability to achieve $200 million of net inflation recovery and at least $150 million of cost savings in 2023.
- In 2023, positioned business to achieve long-term diluted earnings per share growth goal of 10 to 15 percent, inclusive of divested Russian operating earnings headwind.
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Ball Non-GAAP EPS of $0.44 misses by $0.11, revenue of $3.55B misses by $140M