Ball posts increased fourth-quarter income
Last Updated: 14:46 January 30, 2014
For fiscal year 2013, which ended Dec. 31, Broomfield-based Ball's total income was $406.8 million on revenue of $8.5 billion. That's compared to income of $403.5 million on revenue of $8.7 billion.
Ball's fourth-quarter revenue was $2 billion, down from $2.1 billion for the same period the previous year. Diluted earnings per share, however, rose from 39 cents in the fourth quarter of 2012 to 85 cents for the fourth quarter of 2013. Total 2013 earnings per share were $2.73, up from $2.55.
"Specialty can growth in the Americas, improved cost management in our global packaging operations and solid program execution in our aerospace operations led to results that exceeded our expectations," said John A. Hayes, chairman, president and chief executive of Ball.
On Wednesday, Ball's board of directors declared a cash dividend of 13 cents per share to be paid March 17, and also approved the repurchase by the company of up to 20 million shares of its common stock.
Ball provides packaging for the food, beverage and household products industries, as well as aerospace and other technologies and services. The company and its subsidiaries employ 15,000 people worldwide.-
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