Ball Corporation is poised to benefit as consumers navigate increased costs and financial crunches and focus their spending on food and beverages, CEO Daniel Fisher shared Tuesday morning during the aluminum beverage can manufacturer’s Q3 earnings report.
Ball Corporation is making beer a smaller part of its mix after over-indexing in the category, CEO Daniel Fisher shared during the company’s Q2 earnings report earlier this week.
Ball Corp. chairman and CEO Daniel W. Fisher has once again called on major beer manufacturers to deploy “more aggressive pricing” strategies to “push volume,” suggesting those strategies have worked for energy drink companies and other non-alcoholic (NA) beverage producers.
Ball Corporation’s full-year earnings call proved eventful, with the world’s largest can manufacturer announcing plans to build a new dual-line can manufacturing facility in Oregon, as well as acquire a Florida manufacturer in a $160 million deal.
Ball Corporation president and CEO Daniel Fisher expressed confidence in the world’s largest can manufacturer’s ability to win with beer and beverage-alcohol companies, during the company’s Q3 2024 earnings call Thursday.
Ball Corporation recorded a -9.9% volume decline for its North and Central America can business during the third quarter, the company reported today. Global shipments declined -3% in the quarter.
Ball Corporation reported that global beverage can shipments declined -6.7% in the first quarter of 2023. For the full year, the can manufacturer is estimating that its global volume growth will be in the “low-single digits,” with volume in North America “slightly down.” Leaders discuss need for beer companies to launch promotions.
The world’s largest manufacturer of aluminum cans is considering closing another production facility. Ball Corporation announced today that it has notified employees and union representatives of the potential closure of its plant in Wallkill, New York, as part of its collective bargaining agreement.
Ball Corp., the largest manufacturer of aluminum cans in the world, reported full-year and fourth quarter global shipments up +0.8% and down -6.1%, respectively, including the company’s now-divested Russia business.
Inflationary cost pressures and higher year-over-year retail prices have caught up with consumers in North America, especially in the U.S., and the world’s largest can manufacturer is seeing “lower” than expected demand and “less consumption across the board,” Ball Corp. CEO Dan Fisher told analysts Thursday.
American Canning, an Austin, Texas-based aluminum can and packaging supplies provider, has signed a supply agreement with global can manufacturer Ball Corp. as an “official distributor” of blank and printed brite cans.
Ball Corporation, the world’s largest manufacturer of aluminum beverage cans, reported $1.6 billion in sales in its North and Central America beverage packaging business unit for the first quarter of 2022, a +23% increase over the same period last year.
