Guidance
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BALL
FY2025 Q4
개선
Ball Corporation 실적 발표
Buzzberg 분석
Ball expects 2026 EPS growth of at least 10%
Ball Corporation delivered a record 2025, with EPS up 13%, adjusted free cash flow of $956M, and strong volume growth across all regions. Management guided to another year of 10%+ EPS growth in 2026, supported by strategic capacity additions and cost optimization, while navigating temporary tariff costs and new plant startup headwinds. Global volume growth: 4.1% in FY2025, with North America up 4.8%, EMEA up 5.5%, and South America up 4.2%.
Buzzberg 분석 Ball expects 2026 EPS growth of at least 10% Ball Corporation delivered a record 2025, with EPS up 13%, adjusted free cash flow of $956M, and strong volume growth across all regions. Management guided to another year of 10%+ EPS growth in 2026, supported by strategic capacity additions and cost optimization, while navigating temporary tariff costs and new plant startup headwinds. Global volume growth: 4.1% in FY2025, with North America up 4.8%, EMEA up 5.5%, and South America up 4.2%. 전체 분석 보기분석 접기
Ball Corporation delivered a record 2025, with EPS up 13%, adjusted free cash flow of $956M, and strong volume growth across all regions. Management guided to another year of 10%+ EPS growth in 2026, supported by strategic capacity additions and cost optimization, while navigating temporary tariff costs and new plant startup headwinds. Global volume growth: 4.1% in FY2025, with North America up 4.8%, EMEA up 5.5%, and South America up 4.2%.
- Fourth-quarter volumes accelerated: global +6%, with North America and EMEA both in high-single digits.
- Acquired two BenePak can plants in Europe, expanding capacity in Belgium and Hungary; expect flat earnings contribution in 2026, ramping in 2027.
- North America is capacity constrained until the new Millersburg, Oregon plant ramps up in the back half of 2026.
NORTH_AMERICA 매출$11.25B보고값
매출$3.347B보고값
주당순이익(EPS)$0.91보고값
매출총이익률14.61%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Supply
New Millersburg plant and tariff costs create $35M headwind in 2026
Supply
North America capacity constrained until Millersburg ramps up
핵심 내용 3개 더 보기
Growth
BenePak acquisition to add volume growth above long-term range in EMEA
Financials
Ball delivered $956 million adjusted free cash flow in 2025
Buybacks
Ball committed to share repurchases of 4% to 6% annually
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| NORTH_AMERICA 매출 | $11.25B | 보고값 |
| 매출 | $3.347B | 보고값 |
| 주당순이익(EPS) | $0.91 | 보고값 |
| 매출총이익률 | 14.61% | 보고값 |
| 영업이익률 | 10.13% | 보고값 |
| 잉여현금흐름 | $1.041B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 자본지출 | FY2026 | $1.2B–$1.3B | $1.25B | 제시 |
| 주당순이익(EPS) | FY2026 | $3.90 | $3.90 | 제시 |
| 주당순이익(EPS)NORTH_AMERICA | FY2026 | $0.10 | $0.10 | 제시 |
| 잉여현금흐름 | FY2026 | $0.9B | $0.9B | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management expressed strong confidence in record 2025 results and reiterated their 2026 algorithm of 10%+ EPS growth, emphasizing strategic momentum and operational strength.
투자 및 생산능력
Management discussed bringing new capacity online in Millersburg, Oregon to support contracted growth, with startup costs beginning in the back half of 2026. They also completed the acquisition of two European plants (BenePak) to enhance regional footprint. Capital spending in 2026 is expected to be in line with depreciation and amortization, and they are focused on disciplined EVA-based capital a
아래에 언급된 기업 1개 모두 표시
기업발표 이후 수익률
외부 신호
공급망 알파 · 3발표 이후 수익률
Ball is capacity-constrained in North America until the new Millersburg plant ramps up, limiting volume growth to the low end of its guidance range.
근거
“As it relates to 2026, for North America specifically, quite frankly, we're sold out, and we are a bit capacity constrained until we can get our Millersburg asset up and running.”
The BenePak acquisition adds capacity in Europe for roughly $1.7B units, but earnings will be flat in 2026 as the plants are brought into the network.
근거
“This year, we think it's going to do around about a billion seven of... 1.7 billion, excuse me, of volumes. And operating earnings, the comparable operating earnings are really projected to be pretty close to flat.”
Tariff costs on aluminum ends are impacting North America margins in 2026, but are being transitioned as part of the cost structure.
근거
“Tariffs are certainly something that every company is monitoring, but as we sit here today, there's no direct impact on our business beyond the ends piece that we've mentioned, and it is a pass-through, as you say.”
방법론 및 범위
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