Ball Corp falls after swinging to third-quarter loss
BALL•Ball Corp reported a third-quarter net loss of $94 million, or 36 cents per share, after a $475 million non-cash pension settlement charge. Net sales and adjusted profit beat estimates on strong beverage-can demand, higher shipments and favorable pricing.
1. Quarterly results
Ball Corp swung to a third-quarter net loss of $94 million, or 36 cents per share, compared with net income of $321 million, or $1.18 per share, a year earlier. The company recorded a $475 million non-cash pension settlement charge. Net sales and adjusted profit beat estimates, supported by strong beverage-can demand, higher shipments and favorable pricing.
