Ball Corporation has presented its financial results for the fourth quarter and full year of 2024. The company reported annual net earnings of $4.01 billion on sales of $11.80 billion, a strong increase compared to the $707 million earned in 2023. However, in the fourth quarter, it recorded a net loss of $32 million, in contrast to the $154 million profit in the same period of the previous year. Despite this drop, comparable earnings per share increased to 84 cents.
President and CEO Daniel W. Fisher stated that the company achieved its 2024 objectives, highlighting advancements in sustainability through the use of aluminum packaging and creating value for shareholders, with $1.96 billion returned to them during the year.
Results by region show varied performance. In North and Central America, comparable operating earnings were $747 million, although sales decreased due to lower volume and prices, partially offset by efficiency improvements. In EMEA (Europe, Middle East, and Africa), operating earnings reached $416 million, driven by higher volumes and a favorable price mix. In South America, earnings were $296 million, with increased volume, although the fourth quarter suffered from lower prices and sales.
Additionally, Ball is considering selling its aluminum cup business, possibly forming a strategic partnership in 2025.
Overall, Ball Corporation had a solid year, advancing in efficiency and sustainability.
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