Ball Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research

Ball Corporation: Key facts and statistics - 2023

Ball Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research
Ball Corporation: Key facts and statistics - 2023
Published Mar 28, 2024
12 pages (4847 words) — Published Mar 28, 2024
Price US$ 200.00  |  Buy this Report Now

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Brief Excerpt:

...Ball Corporation (Ball) is a US-based manufacturer of aluminum packaging, mainly for the beverage, personal care and household products industries. As of 31 December 2023, Ball operated in North, Central and South America, Europe, Asia, the Middle East and Africa, and had manufacturing operations in 26 countries. Its principal region was the US, which accounted for around 55.9% of its $14.0 billion revenue in 2023. Ball was established in 1880 as Wooden Jacketed Can Company in New York. In 1886, it was incorporated as Ball Brothers Glass Manufacturing Company and was renamed Ball Corporation in 1969. Ball went public in 1972, and since 1973, the company has been listed on the New York Stock Exchange (ticker: BALL). As of 29 December 2023, the company's largest shareholder was The Vanguard Group, which held 11.29% of its total share capital....

  
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Ball Corporation
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Ball Corporation - December 2023 (LTM): Peer Snapshot - Peer Snapshot – 2024/03/15 – US$ 750.00 – ...Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Negative Ba2 Positive Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp....

Ball Corporation: Update to credit analysis - Credit Opinion – 2023/11/28 – US$ 250.00 – ...Our credit rating on Ball Corporation (Ball) (Ba1 corporate family rating (CFR), negative outlook) reflects the company's superior position in the global metal can industry. Ball Corp's strong innovation capabilities enable efficiency in meeting customer needs, expansion of its portfolio offering, and margin enhancement. In addition, Ball has strong relationships with its customers (inclusive of large blue-chip companies), and partners with each of them in developing new products and reaching set production goals. This creates stickiness with customers and high switching costs. Ball continues to limit the impact of input cost volatility through pass through mechanisms on long term contracts, which also limits eliminates margin fluctuations. The company's portfolio of business includes an aerospace segment accounting for about 13% to 14% of revenue. This business is in the process of being sold to BAE SYSTEMS plc (Baa2 positive) for gross proceeds of $5.6 billion ($4.6 billion after tax)...

Ball Corporation - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/11/28 – US$ 750.00 – ...Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Negative Ba2 Positive...

Ball Corporation - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/29 – US$ 750.00 – ...Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable Ba2 Positive...

Ball Corporation: Ball Corp's planned debt reduction from Aerospace sale and free cash flow generation are credit positive - Issuer Comment – 2023/08/21 – US$ 200.00 – ...Corporate Family Rating Ba1 Probability of Default Rating Ba1-PD Senior Secured Baa3 Senior Unsecured Ba1 Speculative Grade Liquidity Rating SGL-2 Outlook Negative Source: Moody's Investors Service...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Ball Corporation: Key facts and statistics - 2023" Mar 28, 2024. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/moodys-credit-research/Ball-Corporation-Key-facts-and-statistics-2023-PBC_1401044>
  
APA:
Moody's Global Credit Research. (). Ball Corporation: Key facts and statistics - 2023 Mar 28, 2024. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/moodys-credit-research/Ball-Corporation-Key-facts-and-statistics-2023-PBC_1401044>
  
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