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Ball Corporation Announces $250 Million Accelerated Share Repurchase

1. Ball Corporation plans to buy back $250 million of stock. 2. Accelerated repurchase aims to enhance shareholder value by reducing shares. 3. The buyback is part of a $1.5 billion shareholder return target. 4. Transaction will assess share counts based on average trading prices. 5. Ball reported $11.80 billion in net sales for 2024, excluding divested units.

Shares Buyback
+1.56%Current Return
VS
+0.15%S&P 500
$54.3706/16 09:15 AM EDTEvent Start
$55.2206/17 03:44 PM EDTLatest Updated
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FAQ

Why Bullish?

The share buyback typically signals confidence in cash flow, enhancing stock value. Historically, firms that announce buybacks often see a positive trend in stock prices shortly after the announcement.

How important is it?

Repurchases directly influence stock market sentiment and are strong indicators of management's confidence in future performance.

Why Short Term?

The immediate repurchase transaction could lift stock demand and prices. Buybacks can have rapid positive effects, but the long-term impact will hinge on sustainable cash flow.

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CAGAPDCOKEKO
, /PRNewswire/ -- Ball Corporation (NYSE: BALL) announced today an agreement to repurchase approximately $250 million of its outstanding common stock in a privately negotiated, accelerated stock repurchase transaction with Crédit Agricole CIB, using cash on hand and available borrowings. Subject to certain conditions, the transaction will commence today and will significantly reduce Ball's outstanding common stock. Final share counts will be determined based on the volume weighted average price over the agreement period and subject to customary market‑price adjustment terms at the conclusion of the accelerated stock repurchase transaction, which may require a settlement to be made by Ball, or to Ball, based generally on the volume weighted average trading price of the company's common stock over an agreed upon period of time. "This share buyback, which is part of our previously announced planned purchases for the year, enables us to most efficiently deliver on our goal of returning at least $1.5 billion to shareholders by year-end," said Daniel W. Fisher, chairman and chief executive officer. About Ball Corporation Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, which excludes the divested aerospace business. For more information, visit www.ball.com, or connect with us on LinkedIn or Instagram. Forward-Looking StatementThis release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "will," "believe," "continue," "goal" and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. For example, the forward-looking statements in this news release include statements relating to our plans, objectives and expectations relating to the repurchase of stock under the accelerated share repurchase agreement. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, these cautionary statements. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball's Form 10-K, which are available on Ball's website and at www.sec.gov. SOURCE Ball Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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