WESTMINSTER, Colo., April 24,
2024 /PRNewswire/ -- Ball Corporation's (NYSE: BALL)
board of directors (the "Board") today declared a cash dividend of
20 cents per share, payable
June 17, 2024, to shareholders of
record as of June 3, 2024. In
addition, the board also approved the repurchase by the company of
up to a total of 40 million shares of its common stock. The
repurchase authorization replaces all previous authorizations.
"Today's increased share repurchase authorization will enable
our ongoing multi-year return of capital to shareholders,"
said Howard Yu, executive vice president and chief financial
officer.
The Board also elected Mandy Glew
to serve as senior vice president and president, EMEA of the
corporation. In March, Ms. Glew was promoted to the role of
president, EMEA succeeding Carey
Causey, Ball's chief growth officer. Mandy joined Ball in
2020, and previously held the role of vice president, commercial
Ball EMEA. Ms. Glew started her career in manufacturing and
logistics after which she moved into marketing, commercial and
management roles at Proctor & Gamble. She holds a
Ph.D. in chemistry from the University of Hull and studied
managerial finance at the London School of
Economics and Politics.
Ball Corporation will announce its first quarter 2024 earnings
on Friday, April 26th, 2024, before trading begins
on the New York Stock Exchange. At 9 a.m. Mountain
time on that day (11 a.m. Eastern
time), Ball will hold its regular quarterly conference call
on the company's results and performance.
Please use the following URL to join via
webcast.
https://event.choruscall.com/mediaframe/webcast.html?webcastid=aiuPuLZY
To participate in the live call Q&A session, North American
callers should use the following number, 877-497-9071.
International callers should use the following number, +1
201-689-8727.
For those unable to listen to the live call, a taped replay and
transcript of the event will be available within 48 hours on Ball's
website at www.ball.com/investors under "Events and
Presentations".
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products customers. Ball Corporation employs 16,000 people
worldwide (excluding divested aerospace staff) and reported 2023
net sales of $14.03 billion. For more
information, visit www.ball.com, or connect with us on Facebook or
Twitter.
Forward-Looking Statement
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," and similar expressions
typically identify forward looking statements, which are generally
any statements other than statements of historical fact. Such
statements are based on current expectations or views of the future
and are subject to risks and uncertainties, which could cause
actual results or events to differ materially from those expressed
or implied. You should therefore not place undue reliance upon any
forward-looking statements, and they should be read in conjunction
with, and qualified in their entirety by, the cautionary statements
referenced below. Ball undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Key factors, risks and
uncertainties that could cause actual outcomes and results to be
different are summarized in filings with the Securities and
Exchange Commission, including Exhibit 99 in Ball's Form 10-K,
which are available on Ball's website and at www.sec.gov.
Additional factors that might affect: a) Ball's packaging segments
include product capacity, supply, and demand constraints and
fluctuations and changes in consumption patterns; availability/cost
of raw materials, equipment, and logistics; competitive packaging,
pricing and substitution; changes in climate and weather and
related events such as drought, wildfires, storms, hurricanes,
tornadoes and floods; footprint adjustments and other manufacturing
changes, including the startup of new facilities and lines; failure
to achieve synergies, productivity improvements or cost reductions;
unfavorable mandatory deposit or packaging laws; customer and
supplier consolidation; power and supply chain interruptions;
changes in major customer or supplier contracts or loss of a major
customer or supplier; inability to pass through increased costs;
war, political instability and sanctions, including relating to the
situation in Russia and
Ukraine and its impact on Ball's
supply chain and its ability to operate in Europe, the Middle
East and Africa regions
generally; changes in foreign exchange or tax rates; and tariffs,
trade actions, or other governmental actions, including business
restrictions and orders affecting goods produced by Ball or in its
supply chain, including imported raw materials; and b) Ball as a
whole include those listed above plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory actions or issues
including those related to tax, environmental, social and
governance reporting, competition, environmental, health and
workplace safety, including U.S. Federal Drug Administration and
other actions or public concerns affecting products filled in
Ball's containers, or chemicals or substances used in raw materials
or in the manufacturing process; technological developments and
innovations; the ability to manage cyber threats; litigation;
strikes; disease; pandemic; labor cost changes; inflation; rates of
return on assets of Ball's defined benefit retirement plans;
pension changes; uncertainties surrounding geopolitical events and
governmental policies, including policies, orders, and actions
related to COVID-19; reduced cash flow; interest rates affecting
Ball's debt; successful or unsuccessful joint ventures,
acquisitions and divestitures, and their effects on Ball's
operating results and business generally.
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SOURCE Ball Corporation