Ball Corp Tops Q4 Estimates, Counters Weak Demand with Cost Cuts
Highlights:
* Aluminum beverage can manufacturer Ball Corp exceeded Wall Street profit expectations in Q4
* Cost-cutting measures offset soft demand from clients, including Constellation Brands
* Closure of manufacturing facilities and divestment of aerospace business streamline operations
* Shift away from plastic packaging boosts can volume, particularly in EMEA region
* Despite weak US sales, cost of sales decline drives earnings beat
* Full-year profit growth projected at over 10%, slightly below market consensus
* Potential tariffs may exacerbate supply chain disruptions and consumer spending weakness