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Ball Corporation
Stock Symbol: BLL
10 Longs Peak Drive
Broomfield, CO 80021
303-469-3131 (phone)
303-460-2315 (fax)
Website: Ball
Industry: Containers & Packaging
Index Membership: S&P 500; S&P 1500 Super Comp
Ball Corporation Description:
Ball Corporation (Ball) is a manufacturer of metal and plastic packaging, primarily for beverages, foods and household products, and a supplier of aerospace and other technologies and services to government and commercial customers. The Company operates in five segments: metal beverage packaging, Americas; metal beverage packaging, Europe/Asia; metal food and household products packaging, Americas; plastic packaging, Americas, and aerospace and technologies. On March 27, 2006, Ball Corporation acquired U.S. Can Corporation (U.S. Can). U.S. Can manufactures and sells aerosol cans, paint cans, plastic containers and custom and specialty containers in 10 plants in the United States. In addition, the company manufactures and sells aerosol cans in two plants in Argentina. The company was founded in 1880 and is headquartered in Broomfield, Colorado. Ball Corporation employs approximately 15,000 people.
Ball Corporation Financial Summary:
Ball Corporation (NYSE: BLL) today reported third quarter earnings of $60.9 million, or 59 cents per diluted share, on sales of $1.91 billion, compared to $107.1 million, or $1.02 per diluted share, on sales of $1.82 billion in the third quarter of 2006. For the first nine months of 2007, Ball's results were earnings of $248 million, or $2.40 per diluted share, on sales of $5.63 billion, compared to $281.3 million, or $2.68 per diluted share, on sales of $5.03 billion in the same period in 2006.
Ball Corporation Business Summary:
Ball Corporation (Ball) conducts its business in three segments: North American packaging, International packaging, and Aerospace and Technologies. In North America Ball manufactures and sells aluminum, steel and polyethylene terephthalate (PET) containers, primarily for beverages and foods. It produces two-piece and three-piece steel food containers for packaging vegetables, fruit, soups, meat, seafood, nutritional products, pet food and other products. Ball Packaging Europe produces two-piece beverage cans and can ends for producers of beer, carbonated soft drinks, mineral water, fruit juices, energy drinks, isotonics, milk-based beverages, coffee drinks and alcoholic-mixed drinks. The aerospace and technologies segment includes defense operations, civil space systems and commercial space operations. On March 17, 2004, Ball acquired ConAgra Grocery Products Company's (ConAgra) interest in Ball Western Can Company LLC (Ball Western Can) located in Oakdale, California.
