Ball Corporation is a global leader in metal packaging solutions. Founded in 1880, the company is one of the world’s leading suppliers of metal packaging to the beverage, food, and aerosol industries. It is also a major supplier of aerospace and other technologies. The company is based in Broomfield, Colorado, and has operations in over 50 countries around the world. Ball Corporation is publicly traded on the New York Stock Exchange (NYSE: BLL) and is owned by a wide variety of shareholders including institutional investors and individual investors.Ball Corporation is owned by Ball Corporation shareholders.
History of Ball Corporation
Ball Corporation is a global provider of innovative, sustainable packaging solutions to customers around the world. The company has been in business for over 140 years and is one of the world’s leading suppliers of metal and plastic packaging. Ball Corporation was founded in 1880 by brothers Edmund and Lucius B. Ball in Buffalo, New York. The company started out as a manufacturer of tin cans and quickly grew into a major player in the canning industry.
In the early 1900s, Ball extended its operations beyond canning by investing in glass manufacturing, which allowed them to expand into food jars and other glass containers. By the mid-20th century, they had become a leader in the manufacture of metal beverage cans. In 1969, Ball Corporation went public on the New York Stock Exchange under the ticker symbol “BLL”.
Throughout its history, Ball has adapted to changing consumer needs by developing innovative packaging solutions that meet customers’ needs while also minimizing environmental impact. Today, Ball operates more than 100 manufacturing facilities across two dozen countries, producing metal containers, aluminum aerosol cans, rigid plastic containers and health care products for customers around the world. The company has also expanded into new markets such as aerospace technology and services as well as engineering and consulting services.
Ball Corporation remains committed to providing sustainable packaging solutions with an emphasis on reducing waste and preserving natural resources wherever possible. The company remains focused on developing products that are recyclable or made from recycled materials while also minimizing their carbon footprint through energy-efficient production processes. Through its commitment to sustainability, Ball Corporation is helping create a better future for generations to come.
Major Businesses of Ball Corporation
Ball Corporation is a leading manufacturer and distributor of metal and plastic packaging products. The company has a broad portfolio of products, ranging from beverage cans and bottles to aerosol containers, food cans and jars, and closures. Ball Corporation has three major businesses: metal packaging, plastic packaging, and aerospace technologies.
The metal packaging business produces metal containers for beverages, food, household products, aerosols and specialty products. Ball’s metal packaging solutions include two-piece aluminum beverage cans and ends; steel cans for food; aerosol containers; easy-open ends for steel cans; and specialty containers for a variety of applications.
The plastic packaging business produces plastic containers for food, household products, beverages and other applications. Ball’s plastic packaging solutions include single-serve PET bottles for beverages; HDPE bottles for household products such as detergents; jars for spreads such as peanut butter; caps and closures for a variety of applications; and specialty containers for a variety of applications.
Ball’s aerospace technologies business designs, develops, manufactures and markets components used in aerospace manufacturing applications. The company’s aerospace technologies include bearings, actuators, valves, sensors, fuel systems components and other components used in military aircraft systems such as the F-22 Raptor fighter jet engine.
Ball Corporation also provides technical services to support its customers’ needs related to product design and engineering support as well as machining solutions. These services are provided through the company’s global network of technical centers located around the world.
Leadership of Ball Corporation
Ball Corporation is a leader in the manufacturing and packaging industry, with more than 140 years of experience. The company is committed to delivering innovative solutions that meet customer needs and exceed expectations. Its leadership team comprises experienced professionals from a variety of disciplines, including operations, finance, research and development, marketing, legal and human resources. The team works collaboratively to ensure that the company remains competitive in today’s rapidly evolving business environment.
The Chairman and Chief Executive Officer (CEO) of Ball Corporation is John A. Hayes. He has held this position since 2014 and has more than 30 years of experience in the manufacturing industry. Prior to joining Ball Corporation, he held various executive positions at companies such as General Motors Corp., Kraft Foods Inc., Delphi Automotive Systems LLC and Honeywell International Inc. His expertise includes leading teams across diverse markets and overseeing large-scale projects in global markets.
The Executive Vice President and Chief Operating Officer (COO) is Joseph C. McKinney Jr., who joined the company in 2018 after working for nearly 20 years at PepsiCo Inc., where he rose to become President of North America Beverages. He brings a wealth of experience in sales, marketing, operations and supply chain management to his role at Ball Corporation.
The Chief Financial Officer (CFO) is Scott C. Morrison who joined Ball Corporation in 2019 with extensive experience as a financial executive at several leading Fortune 500 companies including Dell Technologies Inc., Alliant Techsystems Inc., 3M Company, Ecolab Inc., and Honeywell International Inc.. He is responsible for the financial strategy as well as capital allocation decisions for the company.
Ball Corporation’s leadership team also includes other experienced executives such as James Lindermayer who serves as the Senior Vice President and Chief Technology Officer; David Eickhoff who serves as Senior Vice President – Human Resources; David Goodin who serves as Senior Vice President – Quality Control & Regulatory Affairs; Matthew Hilk who serves as Senior Vice President – Global Strategic Sourcing; Charles Johnson who serves as Senior Vice President – Research & Development; Jed Kephart who serves as Senior Vice President – Information Technology; and Brian Kriewaldt who serves as Senior Vice President – Legal & Compliance Affairs.
The leadership team at Ball Corporation is committed to providing innovative solutions that deliver value for customers while upholding the highest standards of safety, quality and sustainability across its global operations.
Financial Overview of Ball Corporation
Ball Corporation is an American manufacturer of metal and plastic packaging for food, beverages, personal care, pharmaceutical, and household products. The company operates through five segments: Aerospace and Technologies; Beverage Packaging; Food and Household Products Packaging; Aseptic and Closure Systems; and Performance Aerosol Containers. As of December 31, 2019, Ball Corporation had a market capitalization of approximately $10.9 billion. The company’s financial performance has been ball/” title=”Who Is The Strongest Anime Character In Dragon Ball”>strong in recent years, driven by organic growth initiatives as well as acquisitions.
In 2019, Ball Corporation reported net sales of $12 billion, representing a 15% increase over 2018 levels. This was primarily due to the acquisition of Rexam PLC in 2016 which added significant capacity to the company’s metal beverage packaging business. Operating income in 2019 was $1.2 billion compared to $919 million in 2018, an increase of 32%. This was driven by improved operating margins as well as efficiency gains from the integration of Rexam PLC into the company’s operations.
Ball Corporation has also experienced strong cash flow growth in recent years due to its efficient management of working capital. Cash flow from operations increased by 25% year-over-year in 2019 to reach $1.3 billion. This was driven by higher revenues as well as improved working capital management such as inventory reductions and reduced accounts receivables days outstanding.
Overall, Ball Corporation has posted strong financial results over the past several years due to organic growth initiatives as well as acquisitions such as Rexam PLC. The company has also been able to improve its operating margins and cash flow through efficient management of working capital which has resulted in improved profitability and liquidity for the business.
Revenue of Ball Corporation
Ball Corporation is a global manufacturer and provider of packaging, containers, and metal products. It operates in three segments: Beverage Packaging, Aerospace, and Other. The company reported its fiscal year 2020 revenue of $11.6 billion, a 3.9% decrease from the prior year. The decrease in revenue was mainly due to reduced demand for beverage cans in the U.S., Europe, and India as well as lower demand for aerospace components due to the Covid-19 pandemic. In addition, sales of the company’s metal products were adversely impacted by supply chain disruptions caused by the pandemic.
Profitability of Ball Corporation
In terms of profitability, Ball Corporation reported net income of $458 million for fiscal year 2020, a 12% decrease from 2019. The decline was mainly related to higher costs associated with restructuring initiatives and lower revenue due to reduced demand caused by the pandemic. Despite these headwinds, Ball Corporation was able to generate strong free cash flow for the period and ended the year with a healthy balance sheet.
Overall, despite some challenges in 2020 due to Covid-19 pandemic, Ball Corporation has managed to stay profitable by focusing on cost-cutting initiatives and preserving its strong balance sheet position. Going forward, the company is well positioned to capitalize on growth opportunities as markets recover from the pandemic-related disruptions.
Assets of Ball Corporation
Ball Corporation is a leader in metal packaging technology and has a diversified portfolio of products and services. The company’s assets include its manufacturing plants, distribution centers, warehouses, and other facilities. In addition to its physical assets, the company also has intangible assets such as intellectual property, brand recognition, customer relationships, and goodwill. Ball Corporation also owns subsidiaries that produce plastic containers and components for the automotive industry. Additionally, the company owns stake in several joint ventures with other companies in the metal packaging sector.
Ball Corporation’s balance sheet reflects its total assets including cash/cash equivalents ($2.7 billion), accounts receivable ($1.4 billion), inventories ($2.1 billion), property plant and equipment ($5 billion), investments ($1 billion) and intangible assets ($2.4 billion). The company also has a significant amount of long-term debt (about $3 billion) which it uses to finance its operations and acquisitions.
Liabilities of Ball Corporation
Ball Corporation’s liabilities include accounts payable ($1.5 billion), accrued expenses/liabilities ($2 billion), long-term debt (about $3 billion) and deferred income taxes ($0.8 billion). Additionally, the company has shareholder equity of around $6.7 million which reflects the net worth of the company after subtracting all liabilities from its total assets. The majority of Ball Corporation’s revenue comes from its metal packaging business which accounted for more than 65% of total sales in 2020.
Shareholders & Ownership Structure of Ball Corporation
Ball Corporation is an American company that manufactures packaging products and aerospace technology. It is listed on the New York Stock Exchange under the ticker symbol BLL. The company’s shareholders are comprised of institutional investors, mutual funds, hedge funds, and individual investors.
Ball Corporation has a total of 462,621,652 shares outstanding and 39.9% of those shares are held by institutional investors such as Vanguard Group Inc., BlackRock Inc., State Street Global Advisors LLC, Dimensional Fund Advisors LP, and Goldman Sachs Group Inc. Mutual funds represent another 23.7% of ownership while hedge funds make up 6.1% of the total shareholder base. Individual investors hold the remaining 30.3%.
The largest individual shareholder is Ball Corporation Chairman and CEO John A. Hayes who owns 11,362,988 shares or 2.5% of outstanding stock according to a March 2021 filing with the SEC. Other insiders own a combined total of 793,580 shares or 0.17%. The overall insider ownership stands at 3%, which indicates that Ball Corporation is largely owned by external investors rather than company insiders.
Ball Corporation also has a board of directors which consists of twelve members including John A Hayes as Chairman and CEO; Efrain Rivera as Lead Independent Director; Mark L Johnson as Vice Chairman; Richard P Rompala as Secretary; Richard J Kramer as Treasurer; James P Bradford; Robert D Brady; Michael D Carr; Manolo Sanchez; Matthew J Szulik; David R Taylor; and Bruce A Williamson Jr.
Overall, Ball Corporation’s shareholder base is heavily weighted towards institutional investors with a combined ownership stake accounting for 66%. Mutual funds represent another 24% while individual investors make up the remaining 10%. The largest single investor is Chairman and CEO John A Hayes who owns 11 million shares or 2.5% of outstanding stock while other insiders own less than 1%.
Conclusion
Ball Corporation is a leading manufacturer of metal and plastic packaging products and services that serve customers in a variety of industries, including food, beverage, pharmaceutical, personal care, household products, and automotive. The company is publicly traded on the New York Stock Exchange under the ticker symbol BLL. Ball Corporation is currently owned by a group of investors led by Chairman and CEO John A. Hayes. Ball Corporation’s long-term success has been driven by its commitment to innovation, operational excellence, and customer service. The company’s commitment to delivering value for its customers continues to be the cornerstone of its business strategy.
In conclusion, Ball Corporation has established itself as a leader in its industry through its innovative product offerings and commitment to excellence. The company’s strong financial performance has enabled it to build an impressive portfolio of products and services that serve customers around the world. Ball Corporation’s highly experienced management team is committed to delivering long-term value for shareholders while continuing to meet customer needs with high quality products and services.
