|
|
 |
| |
|
Home > Fortune 500 Companies > Ball Corp.
Ball Corp.
Ball Corp is a publicly traded company having a good stock performance result. Ball Corp is a fortune 500 stock listed company trading under BLL.
Ball brothers started the company in 1880 in Buffalo, New York. Ball Corporation is a provider of metal and plastic packaging, primarily for beverages and foods and of aerospace and other technologies and services to commercial and governmental customers. Mr. R. David Hoover is a Chairman of the board, president and chief executive officer of Ball Corporation.
Ball Corporation reported full year 2005 net earnings of 261.5 million dollars. The 2005 fourth quarter results include business consolidation and debt refinancing costs of 7.3 dollars million or seven cents per diluted share. The 2004 fourth quarter results included a net gain of 5.3 million dollars or five cents per diluted share from the China business consolidation activities.
Results for 2005 were in line with the company's expectations for the year and were rewarding in view of a difficult cost environment for primary materials used in the manufacture of packaging products as well as for energy, fuel and coating materials. On a comparable basis, excluding business consolidation and debt refinancing costs in both years, company’s diluted earnings per share grew from 2.52 dollar cents to 2.62 dollar cents. The year 2005 was also significant for the investments .The Company began to make in best performing businesses, the further improvement in overall financing structure and the large number of shares repurchased. Company’s capital projects have been progressing extremely well and its financial actions have helped to position nicely for the future.
Ball Corp repurchased more than 350 million dollars of stock in 2005 and the 2006 stock buyback is anticipated to be in the 150 million dollars range. New accounting rules for expensing stock options are expected to reduce 2006 diluted earnings per share by three cents.
Ball Corp’s mission is to be the premier provider to beverage, food and aerospace and technologies customers of the products and services that aggressively manage business, and to explore and pursue acquisitions, divestitures, strategic alliances and other changes that would benefit Ball’s shareholders. Due to highly experienced people who are dedicated to customers’ success the company Ball Corp will sustain to their profitable growth.
Back to Fortune 500 Companies
|
|
|
|
|
|
|