Aluminum can maker Ball Corp beats quarterly sales estimates on strong demand

Ball

04/11/2025 12:16

Nov 4 (Reuters) - Aluminum packaging maker Ball Corp BALL.N beat Wall Street estimates for third-quarter sales on Tuesday, driven by resilient demand for its cans from consumer goods makers in key markets of North America and Europe.

Inflation-weary consumers are shifting to cost-effective meals at home, fueling demand for canned foods and driving packaging sales, benefiting packaging companies like Ball.

The company supplies packaging to clients including canned food maker Del Monte, PepsiCo PEP.O, Coca-Cola KO.N and Corona beer maker Constellation Brands STZ.N.

Ball's beverage packaging sales in North and Central America rose to $1.64 billion from $1.46 billion a year earlier.

The company's aluminum cups and bottles continue to draw steady demand from environmentally conscious consumers, who favor their recyclable, low-impact design over plastic and processing-heavy tin-coated steel.

Ball reported a 3.9% increase in global aluminum packaging shipments for the reported quarter, falling short of a 4.1% rise in the previous quarter, as tariffs on steel and aluminum pushed up input costs.

The company said the direct impact of recently announced tariffs remains manageable due to local sourcing strategy and it is working closely with customers to mitigate volatility in aluminum premium prices.

The manufacturer of aluminum cups, bottles and aerosol cans reaffirmed that it expects comparable 2025 earnings to grow between 12% and 15%.

The company's revenue rose nearly 9% to $3.38 billion in the three months ended September 30, compared with estimates of $3.31 billion, as per LSEG data.

Excluding items, the company earned a quarterly profit of $1.02 per share, up 12.1% from a year earlier and in line with analysts' estimates.

 (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Shailesh Kuber)

 ((Sanskriti.Shekhar@thomsonreuters.com))