Earnings GrowthBALL is delivering solid earnings growth from continued improvement despite a choppy demand backdrop, and remains confident it can deliver 10%+ EPS growth in 2025 and is committed to buying back its stock.
European Market PerformanceEuropean volumes remained strong in 3Q (+6.7%), with management believing they have ample capacity to meet demand from de-bottlenecking projects and additional lines without the need for greenfields for the next 2-3 years.
Operational EfficiencyWith BALL shutting down high-cost assets and an increased focus on continued improvement, it's been able to reduce conversions and spoilage, with the company on track to deliver $500 million of savings in 2024-27.