Ball Corporation reports net earnings of $202 million in second quarter; Beverage can manufacturing facility starts production

Ball Corporation reported net earnings of $202 million on sales of $3.5 billion in the second quarter of 2021, compared to $94 million net earnings on sales of $2.8 billion in 2020. Net earnings attributable to the corporation were $402 million for the first six months of 202i on sales of $6.6 billion compared to $117 million on sales of $5.6 billion for the first six months of 2020.

"During the quarter, the company increased comparable earnings per diluted share by 32% on 13% aluminum beverage volume growth and 20% aluminum aerosol growth, and secured new aerospace contracts to achieve record backlog. In addition to global operations executing at a high level, the company started up the new Pittston, Pennsylvania, beverage can manufacturing facility, initiated further global capacity investments and successfully launched The Aluminum Cup™ at retail in the United States. Global projects in North America, South America and EMEA are supported by long-term contracts and will contribute meaningfully to 2021 and beyond," said John A. Hayes, chairman and chief executive officer.

 The company commenced production of Pittston, Pennsylvania, beverage can manufacturing facility. The initial beverage can production on two lines late started in the second quarter.

"Our focus remains on our employees' safety, training and development, the efficient startups of EVA-enhancing projects and opportunities to build optimal inventory to further improve operational efficiencies and customer service. Positive momentum continues across the entire company. Our recently announced 2030 sustainability goals and plans to expand the return of value to shareholders through higher dividends and share repurchases while deploying significant capital to increase the availability of sustainable aluminum packaging and best-in-class aerospace technologies will benefit our stakeholders in 2021 and beyond," said Daniel W. Fisher, president.