Skip to Content
Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Ball Reports Increased Revenue In Third Quarter While Margins Drag; Demand Remains Strong

Analyst Note

| Brian Bernard, CFA, CPA |

Narrow-moat-rated Ball reported solid revenue growth in the third quarter as demand for aluminum packaging and Ball’s aerospace technology remains high. Revenue increased 15% year over year, while up roughly 3% sequentially. Demand for aluminum packaging is strong while capacity remains tight. Ball launched 6 new lines in the quarter, and management expects to end the year with 12 billion units of new capacity. While increased capacity is encouraging, there is a risk that demand could level off or decrease, leaving Ball with a significant amount of unused capacity.

Read Full Analysis

Company Profile

Business Description

Ball is the world's largest metal can manufacturer. The company is focused on increasing capacity amid a wave of new developed-market demand, while pivoting toward faster-growing emerging-market economies in beverage cans. Ball maintains a small presence in both the North American food can market and the U.S. defense industry through its aerospace segment.

10 Longs Peak Drive, P.O. Box 5000
Broomfield, CO, 80021-2510
T +1 303 469-3131
Sector Consumer Cyclical
Industry Packaging & Containers
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 21,500