Ball Corporation: Beat — EPS $1.10, Revenue $4.19B
Earnings BeatQ3 2026 · Pre-market
Did Ball Corporation (BALL) beat earnings today?
Yes, Ball Corporation (BALL) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+2.80% surprise
$1.10Actual
Expected: $1.07
vs. year ago +6.8%
Total Revenue+10.79% surprise
$4.19BActual
Expected: $3.78B
vs. year ago +23.9%
Released Nov 03 · 6:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $4.19B | $3.38B | +23.9% |
| Revenue detail — reported lines | |||
| └─Beverage packaging, North and Central America | $2.06B | $1.64B | +25.8% |
| └─Beverage packaging, EMEA | $1.33B | $1.13B | +18.3% |
| └─Beverage packaging, South America | $653.00M | $508.00M | +28.5% |
| └─Other | $144.00M | $108.00M | +33.3% |
| Net loss | $(94)M | $321.00M | - |
| Total Basic EPS | $(0.36) | $1.18 | - |
| Total Diluted EPS | $(0.36) | $1.18 | - |
| Comparable Diluted EPS | $1.10 | $1.03 | +6.8% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY26 Outlook | Expected |
|---|---|---|---|
| Comparable Diluted EPS Growth | — | 10-plus% | $4.02 |
| Free Cash Flow | — | $900M | — |
Business Highlights
- ➤Global aluminum packaging shipments increased 4.7% in the third quarter.
- ➤Returned $431M to shareholders via repurchases and dividends in the first nine months.
- ➤Investing in a new beverage-can manufacturing facility in Baruth, Germany.
- ➤Announced a new beverage-can manufacturing facility in India.
- ➤Acquired an 80% capital share of Benepack's European beverage-can manufacturing business.
- ➤Benepack acquisition includes manufacturing facilities in Belgium and Hungary.
- ➤Formed a strategic partnership with Ayna.AI LLC for the aluminum cups business.
- ➤Ball retains a 10% ownership interest in Ball United Arab Can Manufacturing Company.
Management Commentary
Ron Lewis, chief executive officer
“Ball delivered another quarter of strong results, reflecting the power of our customer-focused strategy, disciplined execution and the ownership mindset embedded throughout our organization. In an operating environment that remains dynamic, our teams continued to execute at a high level, driving global volume and operating earnings growth. These results demonstrate the strength of the Ball Business System and our relentless focus on continuous improvement as we work to better serve customers and create long-term value for shareholders.”
Dan Rabbitt, senior vice president and chief financial officer
“Our third quarter results reflect disciplined execution across the business, supported by global volume growth, operational performance and the stability provided by our contractual passthrough mechanisms. We remain on track to deliver our long-term objective of 4 to 6 percent operating earnings growth while continuing to generate strong cash flow and grow EVA across the business. Our balanced approach to capital allocation enables us to return significant cash to shareholders through share repurchases and dividends while investing in attractive EVA-accretive growth opportunities. Supported by a strong financial position and disciplined financial framework, we remain focused on improving returns, strengthening earnings power and delivering attractive long-term shareholder returns.”
Ron Lewis, chief executive officer
“Our strategy remains centered on building long-term value through strong customer partnerships, an engaged and empowered workforce, and disciplined operational and capital deployment decisions. The Ball Business System continues to strengthen our culture of ownership and accountability, while EVA remains the financial framework that guides how we invest, improve and grow the business. We see significant opportunities ahead to deploy capital into EVA-accretive growth projects, including investments that support our customers and strengthen our global manufacturing network. While the external environment remains volatile, we are confident in our ability to build on our momentum, invest behind attractive EVA-accretive opportunities and deliver sustainable growth for years to come.”