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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.09B | 3.3% |
| Gross Profit | 368M | 8.9% |
| Cost of Revenue | 2.72B | 2.6% |
| Operating expense | 292M | 0.3% |
| Net Income | 197M | 24.7% |
| EBITDA | 456M | 6.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 18.8B | 0.7% |
| Total Liabilities | 12.1B | 0.8% |
| Total Equity | 6.68B | 3.3% |
| Shares Outstanding | 302M | 2.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 610M | 142.1% |
| Cash from investing | -23M | 73.9% |
| Cash from financing | -502M | 3.1% |
EPS
Financial Highlights for Ball Corporation in Q3 '24
Ball Corporation reported a revenue of 3.09B, which is a 3.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 368M, marking a 8.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.72B, a 2.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 292M, showing a 0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 197M, showing a 24.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 456M, showing a 6.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Ball Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
