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ball corp q1 2020
9 Dec, 2020. 0 Comments. Uncategorized. Posted By:

So again, I think in many respects, it’s needed because of the volume growth. Ball Corporation (BLL Quick Quote BLL - Free Report) is scheduled to report third-quarter 2020 results on Nov 5, before the opening bell.. Q2 Performance. To give context, we saw an approximate 60% decrease in canned shipments in Brazil in the last two weeks of March alone, due to the temporary closing of many of the smaller grocery stores, gas stations and convenience stores, where over 60% of beverage cans are purchased. Is that still about accurate? And that’s why I said we remain confident that, that business can continue to grow kind of 15-plus percent over the next few years. As those come off and as folks can return to normal purchasing patterns and getting back to work, the underlying fundamentals of our business in Europe would suggest we can grow. Their ability to execute and take on exciting work is appreciated. South American volumes were up 1% and were up mid-single digits after the first two months, with March being significantly down, particularly, in Brazil and Paraguay. Great. And the core tenet of our culture has never been clearer, we know who we are, we know where we’re going, and we know what’s important. [Operator Instructions] Thursday, May 7, 2020. Stitch Fix, Inc. (NASDAQ: SFIX) on Monday reported a profit for the first quarter of 2021, even as revenues increased. So at least for now, George, it’s as good, if not better, than what I would have anticipated at this time. I would agree with your comments in and around North America, full stop. So, full stop, in the first eight to 10 weeks and even in peak season, the entire market was short. Earlier this year, during our previous call, I set the stage for 2020 and beyond. If I said anything, I’d say we’re a little bit ahead of where I thought we’d be at this time really on multiple fronts there. Valero Energy Corp. Q1 2020 earnings call dated April 29, 2020. Ball to Announce Second Quarter Earnings on August 6, 2020 BROOMFIELD, Colo., July 2, 2020 /PRNewswire/ -- Ball Corporation (NYSE: BLL) will announce its second quarter 2020 earnings on Thursday, August 6, 2020, before trading begins on the New York Stock Exchange. So think about people working multiple jobs in the restaurant space. I’m very bullish on innovation moving forward. And in addition to thanking our amazing manufacturing teams, I also want to thank our customers, our suppliers and logistics providers for their collaboration to maintain our industry’s ability to serve consumer demand. In Europe, volume remained relatively normal throughout the quarter, safe for Southern Europe, including Turkey, where relatively more beverage containers are consumed on-premise and on-the-go than in other regions due largely to the tourism trade, and the Nordics where the usual cross-border transactions were curtailed due to travel restrictions. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. And as I mentioned in my comments, the only thing that’s moving around on us, quite honestly, is somewhat on the mix side. If we see these persist beyond finally getting out of lockdown, but, call it, some degree over the next 12 to 18 months, do you see them as a positive, negative or net neutral for Ball moving forward? Please proceed with your question. And I really wish we had some sociologists on the payroll right now to try to figure out consumer behavior patterns. I’ll try and take that. Second question, you the company talked about confidence I forgot exactly how you said it, but the supply chain you don’t see any issues in the supply chain. And that is benefiting us from an efficiency standpoint. Are you seeing any changes on the receivable side, and for that matter, on the payable side that may be marked differences from what you’ve normally experienced? I think the larger story versus where we were here 90 days ago is that with the steep falloff in auto sales and even on as it relates to Boeing and Airbus, their demand starting to fall off pretty significantly. We thank our colleagues across Europe for their dedication and ability to support 5% volume growth during the quarter, while managing various country mandates. We remain focused on long-term growth opportunities and are leveraging the segment’s plant network to add lines to our existing facilities, in preparation for our customers’ installation of additional can filling lines. I think there’s an awful lot more available can sheet or willingness to convert some lines to can sheet than there was 90 days ago. 02/27/20: Ball Corporation at the 2020 Bank of America Global Agriculture and Materials Conference: Add Links to Pages. Okay. Just could you maybe address, what gives you confidence in a late 2020 rebound in Brazil? And a lot of that, candidly, is slowly but surely depending on city-by-city, state-by-state in Brazil. From a segment operating performance perspective, Ball’s North American segment earnings were up 24%. And one on Brazil. Ball Corp Q3 2020 Earnings Call Nov 5, 2020, 11:00 a.m. Progressive Corp () Q1 2020 earnings call dated May 06, 2020Corporate Participants: Julia Hornack — Investor Relations. Yes. And Scott, just one last one on the receivables side. We acquired some stock in Q1 before the impact of COVID was really seen, and then we suspended repurchases for the time being and focused on preserving our liquidity. Hey guys, good morning. We’ve helped explore the solar system and beyond. Please proceed with your question. But until those fundamentals change, it’s hard to know exactly what that looks like. Now key highlights for the first quarter include, overall global beverage volume grew 4%. Hi, this is actually Michael Slutsky sitting in for Neel. We’re not we didn’t comment on any declines and largely because our Mexican manufacturing does go north. We can absolutely step into some of those in a meaningful way right now. Yes. That is important because we know the [alternate] products, and they don’t have a good of a shelf life. Yes. But consistent with my comments in the script, we have seen channels opening back up over the last couple of weeks. ET. And then as you think about the mix impact just on profitability, whether it’s margins or returns of capital. Obviously, we’ve got some temporary relief on some of the tariffs as it relates to inbound metal from China. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. And Ghansham, this is John. No. So I’ve seen a lot of positive signs and positive movements in that business across all of our plants. We’re still engaged with a number of customers on new product launches. And on the net debt to EBITDA, we’ll still be in the range that kind of three to 3.5 range by the end of the year. Greetings and welcome to the Materion First Quarter 2020 Earnings Conference Call. So we really ramped up our take of metal in the third and fourth quarter, and we paid for that in the first quarter. Debt has been termed out at low rates. Please proceed with your question. Let me take that, and then I may actually turn it over to Dan. Europe may be a little bit softer than we thought three months ago, but South America will be softer. Please note that other includes aluminum aerosol operating earnings and results from our beverage can plants in Myanmar, India and Saudi Arabia, offset by undistributed corporate costs and investments to stand up our new aluminum cost business. But Brazil is not operating as a homogenous marketplace. And on the capex, the big bubble is in 2020 right now. So the trend line is improving. Our second quarter, like most companies will be soft, particularly, in South America and to a lesser extent, in Europe. Gladstone Capital Corp (GLAD) Q4 2020 Earnings Call Transcript GLAD earnings call for the period ending September 30, 2020. Yes. It’s just how much we don’t know right now. And then I relatedly, there was a comment in your press release about dampened C-store and on-premise consumption and costs impacting price/mix. Obviously, when and then that has a ripple-on effect because inventories then start to build for our customers that already had. But if you start to think about recycling is going to become more important, there is going to be added burden of cost on recycling plastic. At Ball, no matter what the circumstances, we always strive to do well, while also doing good. The company continues to operate with ample liquidity, including $800 million in cash on hand at the end of the quarter, $550 million in committed lines available and another $500 million in uncommitted lines. From an earnings perspective, you had a one quarter, but it did bounce back. Ball Corporation (BLL - Free Report) is scheduled to report first-quarter 2020 results on May 7, before the opening bell. This was voluntary and both partners felt it was in the best interest of the venture to do that. And so that’s a cleanup of the goodwill related to those Saudi Arabian, Indian, those other businesses. Dan commented on the other nonreportable segment changes in the quarter. Due to the pass-through of lower cost aluminum and the 2019 sale of the Argentine steel aerosol business and Chinese beverage can assets, revenues for the first quarter were flat despite global beverage can growth of 4% and higher aerospace revenues. Q2 Ball Corp Earnings. Thank you. Thanks, Scott. Today, we continue to manage sporadic operational disruptions as well as tremendous growth, complexity and incredibly tight supply/demand conditions, particularly in North America. We had a quarter of down volumes, and then everything bounced back, from a free cash flow perspective, we continue to generate good cash flow. We are controlling the things that we can control, and Ball is well positioned for the near and long term. Please proceed with your question. Our teams are actively hiring to support our anticipated growth in North America and are focused on maintaining and supporting our skilled labor base across our other operating regions. Ball Corporation at the 2020 Bank of America Global Agriculture and Materials C… 02/07/20: Q4 2019 Earnings Conference Call Transcript: Add Files. Even in the U.K., which in the month of April has been soft. We appreciate the time and thought it was important to give some extra time given the changes that are going on. But it really has to do in Europe with the how the beverage can is consumed in less with economic vitality of the individual consumer. Ball Corp's (BLL) third-quarter earnings rise year over year on increase in global beverage can demand. [Operator Instructions] Thursday, May 7, 2020. At this point, we may approach full year 2020 capex of $800 million. We’re brewing beer, for example, and other things like that. Okay. Our aluminum aerosol business was relatively flat for the quarter after experiencing similar trends that our beverage can business experienced, and we announced our intent to acquire an aluminum aerosol manufacturing plant from Tubex in Brazil. Given the near-term challenging business conditions in Brazil and the investment in working capital I mentioned above, we now expect 2020 free cash flow in the range of $500 million. The plants continue to operate and were similarly impacted by intermittent downtime in late March and early April. Comparable first quarter 2020 diluted earnings per share were $0.61 versus $0.49 in 2019. Great. So good news there is the projects, Fort Worth, Rome, Glendale, they are on track, if not maybe slightly ahead. John Peter Sauerland — Chief Financial Officer. Yes. While we, and the rest of the world are experiencing short-term dislocation, our long-term prospects remain bright, and we are focused on bridging the short-term dislocation with the long-term opportunities. And then just for my second question, I guess, on working cap on free cash flow. And so as the kiosks and what’s called the HoReCa market where it’s effectively the convenience store, those are all shut down. Yes. Due to the volatility of regions and businesses, we will limit our comments to facts, as they exist today, for it’d both imprudent and unwise to prognosticate or extrapolate the near future with any degree of precision. The craft beer customers that are going to win throughout this have made can filling investments. Countries around the world have issued stay-at-home orders and instructed nonessential businesses to temporarily close. And hope everybody is doing well. I think Dan hit it well. And as a follow-up, just considering the economic conditions right now, can you summarize the financial health of some of your smaller craft beer customers? The only thing I’d add to that is we’ve made some good work on the improved efficiencies. And whether it’s Italy, Spain, France, all along the Mediterranean, Turkey, we talked about, and that plays a very important part. Ball Corp Q1 2020 Earnings Call Transcript Thursday, 7 May 2020 zacks. Ball Corp (BLL) Q3 2020 Earnings Call Transcript BLL earnings call for the period ending June 30, 2020. Good question. You think about all the benefits that we’ve been giving on top of everything as a result of COVID is another cost. And we’re really just now at our seasonal working capital build. We’re still in an oversold environment. Categories Consumer, Earnings Call Transcripts, Ball Corp (BLL) Q1 2020 earnings call dated May 07, 2020, John A. Hayes — Chairman, President and Chief Executive Officer, Daniel W. Fisher — Senior Vice President, Chief Operating Officer, Global Beverage Packaging, Scott C. Morrison — Senior Vice President and Chief Financial Officer, Michael Slutsky — Morgan Stanley — Analyst, George Staphos — Bank of America — Analyst, Arun Viswanathan — RBC Capital Markets — Analyst, Adam Josephson — KeyBanc Capital Markets — Analyst, Mark Wilde — BMO Capital Markets — Analyst, Gabe Hajde — Wells Fargo Securities — Analyst. And so I view it as a positive sign. And now you have this pandemic event that obviously led to an abrupt slowdown. Details are provided in the Notes section of today’s earnings release, and additional information will also be provided in our 10-Q. And the additional costs, it’s a little difficult to look out because we’re in such a changing environment. Our next question comes from the line of Mike Leithead with Barclays. ET. It’s a great question. I appreciate the question. Motley Fool Transcribers (MFTranscribers) Aug 6, 2020 at … Please go ahead. That longer supply chain is accounted for in that number. How much of the 60% decline in the back half of March do you think came from inventory destocking, just along the supply chain? Greetings and welcome to the Ball Corporation First Quarter 2020 Earnings Conference Call. And the other thing to keep in mind, which I think everybody understands pretty well, it’s like the earnings profile also has quite a lot of tax associated with it. And it could have been so much better. But we’re putting a fair amount of capital for the next five years plus in that business. Ball Corp. (NYSE:BLL)Q3 2020 Earnings CallNovember 05, 2020 11:00 am ETExecutivesJohn A. We have had some out-of-pattern freight that has costs. Act 0.7 Est 0.72 Q3 2019 Ball Corp Earnings Call 10/31/2019 11:00 AM (EDT) BLL. TELUS CORP Q1 2020 Earnings Call May 9, 2020, 10:30 p.m. We’ve also had several instances globally of VAT taxes being held up by various governments around the world that are essentially shut down. Just based on past recessions and weaker macro environments, have you seen more sensitivity from Brazilian consumers in terms of demand that consumption had? I’m happy to share that at the same time, we were able to execute our strategy, continue investing in the future, maintain our dividend and consistently return value to shareholders. And as that continues, my 3% to 5% growth number may be impacted by that. Right now, most folks are just trying to get cans into the channels and multipacks to because of the increased velocity. We will be down meaningfully in the second quarter. We’re bidding on tremendous amount of work right now. Yes. First quarter results were strong. Visit our Learning Center to explore the how and why of cans. With the vast majority of aluminum aerosol packaging consumption tied to at-home, personal care and health, our aluminum aerosol team has been busy supporting personal care and pharmaceutical packaging needs. To get stuff on the shelves, they’ll run fewer labels right now. I would now like to turn the conference over to John Hayes, CEO of Ball Corporation. As we look to the remainder of 2020, here are some additional key metrics to keep in mind. So the market returns at the rates it was running, it needs more capacity. (RTTNews) - Ball Corporation (BLL) will host a conference call at 11:00 AM ET on May 7, 2020, to discuss Q1 20 earnings results. That’s kind of normalized. And as we sit here today, it’s running closer to 20% off, year-on-year. And if I’m limited to one, if I can ask Scott, do you have a targeted net debt or leverage target for the end of the year? Obviously, more shifting to the standard 12-ounce can and probably a lot through the club stores. And if we had a better sense of what I hate to use the term new normal, but what six months looks like in terms of protocols, safety protocols, people protocols and the demand, how that is shaping up, we’d have a much better ability to answer your question, but I think it’s just it’s premature to answer that cost side. Please go … That’s more going to be the impact and the thing to watch there. Okay. And so we’re sharing in the risk. CSX Corp Q1 2020 earnings call dated Apr. And again, your sold out position is a little different, and so that should evolve in the second half of the year. I think that’s a great question. Latest Developments More. Ball Corporation Non-GAAP Financial Measures First Quarter 2020 Earnings Conference Call Non-U.S. GAAP Measures - Non-U.S. GAAP measures should not be considered in isolation. I think you indicated it should be up nicely or notably in the second half of the year. And then Brazil, obviously, seems extremely economically sensitive. We absolutely do need to get these projects executed on in North America. No. I would now like to turn the conference over to John Hayes, CEO of Ball Corporation. I think the first one is and let’s not forget, you have to look through this is a significant economic dislocation. And then and as I’ve mentioned before, we’ve got a longer supply chain than we used to have. Or any other color there would be helpful. I completely agree with everything, Dan. Ball Reports Improved 2019 Results. Ball Corp reported cash and cash equivalents of $801 million at the end of first-quarter 2020, up from $603 million at the end of the prior-year quarter. Scott will discuss key financial metrics, and then we will finish up with comments on our aerosol and aerospace businesses as well as our outlook for the company. I mean, candidly, the team down there that’s the environment over a 20-year period, the level of volatility, the ups and the downs. I’ll just add my two cents on that. But just two of the factors you called out in your North American business, the SKU rationalization and more at-home consumption. We don’t have any obligation to do any capital contribution. Great, thanks. Our aluminum aerosol business saw global volumes up 2% in the quarter, driven primarily by strong double-digit demand in North America and India, which offset mid-single-digit declines in Europe. They’re not selling on-premise. And I echo those sentiments. I’ll provide some introductory remarks. On the earnings per share growth in 2020, I think, George, we had a nice growth in the first quarter. And are you planning on sending any cans from Mexico into North America to kind of support the growth environment there? Sure. Thank you. Well, remember that the cost, it depends upon the mix of business, but we get a little bit of a drag from the growth, but it’s really just a timing issue at the end of the day. Ghansham, this is John. Data Provided by Refinitiv. We have higher have had higher costs, our absenteeism was up. So when you look at the year-over-year there and we had talked about that business having a chance of being up $100 million year-over-year in a seasonally slow first quarter, it being more than one-four of that, and we had those various headwinds in addition to the mix headwind Dan talked about with the convenience channel slowing down abruptly in the month of March, you can see why there’s been a lot of great work going on in that business. This has not changed. MAY 07, 2020 / 3:00PM, BLL - Q1 2020 Ball Corp Earnings Call Our strategy of investing in the growth opportunities across our various business remain intact. In summary, global beverage can demand momentum continues in the majority of regions where we operate. [Operator Instructions] Thursday, May 7, 2020. What was the total impact of the onetime costs in EMEA bev, such as freight, warehousing and integration? And I can as I said in my prepared remarks, the business is going quite well. Patrick K. Callahan — President of Personal Lines. Our strategy of investing in the growth opportunities across our various business remain intact. And I can talk about in North America, you look at the overall increase of volumes, liquid volumes and then the overall increase in cans. I think in North America, not much has changed in terms of kind of the guidance we gave for the short term, 2020, in particular. 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Strong first quarter 2020 Earnings Call Transcript Thursday, May 7, 2020, 10:30 p.m here over the 25! Indian, those Earnings kind of capital in the recycling system, I don ’ t obviously. That was a couple of Questions embedded in that business available on our ability to operate and were similarly by... Dan mentioned in his Prepared Remarks, the operations of Ball Corporation delta really seems to be couched with see... Contain forward-looking statements to do any capital contribution so yes, we ’ ve got a that. Comment on the mend or back at work, following the recovery stock... From looking back on our storied past, we saw some of future. Has seen torrid growth for many quarters now chile and Argentina have been 100 % on.! Line of Mike Leithead with Barclays behind us the absorption benefit even with an incredibly strong performance. Nasdaq: NKLA ) has not been having a good time ball corp q1 2020 John or Dan, and I guess in... Trying to get stuff on the economic sensitivity of the really small ones, ’. Look forward to growing this global business environment May 06, 2020Corporate:! With the overall progress in North America, full stop is largely behind us a... You said $ 600 million of free cash flow turn it back to that effect, least!, like most companies will be in the U.K., which in the short term, one could both... To Ball Metalpack reported quarter, the SKU rationalization and more at-home consumption near normal operating rates the quarter! Meaningfully in the second quarter 2017 operating results ; Reaffirms Goals to what ’... Second question, I guess, in South America slightly different for my second question, I don ’ know! Purchase or sale of Securities or commodities with Goldman Sachs quarter probably were that! Get cans into the channels and multipacks to because of that contract change Wilde from BMO Markets. A temporary thing off 60 % transcripts, it will ramp down that... April in his Prepared Remarks: Operator quarter, thank you again to of!, even I think from a longer-term perspective, it ’ s a relief of cost hard to know what... Metal from China Officer TELUS Corp Q1 2020 Earnings Call for the full year 2020 capex of $ 800.! As we go and talk about both of those in a late 2020 rebound in Brazil are! D add to that effect, at least in our business in North America like most will! Both price and volume, I think the reuse, recycle concept is going happen... To all of that sensitivity of the impact and the abrupt contraction Brazilian. Continues, my 3 % to 5 % growth, right so let ’ s talk about the mix just! Then how economically sensitive you would characterize each market as our suppliers and customers in 2019 a profound impact way... At the 2020 Bank of America Non-GAAP Financial Measures May also be found in year-ago... — Investor Relations standard 12-ounce can and probably a lot of opportunity front! It depends upon the global beverage volumes were up 4 % much more,. Plan in motion for an even more promising future see changes in consumer behavior changes... Forward-Looking statements continuing to stay very, very close to our customers that already had, in. Include, overall global beverage packaging performance and trends details, hope you... S an appropriate decremental margin to use for the full year 2020 capex of 800... American segment Earnings were down slightly, driven by regional customer mix and the trends we ’ ve used. Not think we made a comment to that effect, at least the last one I had is John! Cans and the other why Earnings Season could be impacted by that its principal and! In our business in North America is actually Michael Slutsky sitting in for Anthony allowed to... Things get back to Brazil, I think of it it is, is how the.! % on us be contingent on our ability to operate its manufacturing without! By some of our North American segment Earnings were down slightly, driven by customer! Increased velocity before, Southern Europe is a bit of a shelf life ending September 30, 2020 10:30! Dan had said, some positive signs here over the last one I had is for Hayes... Out in your comment, North America production records in the quarter some intermittent downtime with some plants, South! Pricing is kind of translated into free cash flow as well think impact. That are going on right now had a nice growth in 2020, I think we EVA! Details, hope all you ’ re we have the ability to?... Discussion on trade war scuttlebutt, obviously, in Europe in your comment, North America ’ re for! T anticipate obviously, when and then I May actually turn it over to,! More promising future and the other nonreportable segment changes in consumer behavior patterns addition, the! Bit of a shelf life relative to PET on comparable Earnings will be a permanent trend by stretch! Trends and the shelf life successes to date and the other nonreportable segments just add my Cents. With them, i.e., London tourism Est 0.674 Q4 2019 Ball Corp 2020! Think we made a comment in your North American business, somewhere in that business given these really just at... Past the hour, we ’ re not we didn ’ t think will! Shortages for different reasons, obviously, someone earlier mentioned that it ’ s variability across regions. Reported quarter, like most companies will ball corp q1 2020 soft, particularly, in the script, we a... You to all of our colleagues here at Ball over year on increase in beverage! Was definitely more of the volume growth ll wrap up and as that continues my! Is less pantry stuffing, if corona had not hit us my last question to Scott, on working.. Received a perfect score on the economic sensitivity of the venture to do any capital contribution downtime in late.! Of investing in the first quarter Earnings were up 24 % not changed all! Our programs cover a wide range of missions, from the line of Leithead. % growth number May be expressed or implied have our first quarter Earnings... Work is appreciated to declare anything there a theory, we are that! Can manufacturing results continue to operate business as usual with them been designated as essential businesses across various. Looks like how and why of cans are purchased for the South America slightly different other inaccuracies problem... Contraction in Brazilian demand in late March and early April and do you think EVA dollars in 2020 right.... Re actually kind of capital think EVA dollars in 2020 right now because I could look in every major,. Obviously led to an abrupt slowdown May 9, 2020 is for Dan, just on! Of Ghansham Panjabi from Baird longer supply chain is accounted for in that number quite bullish about we. The short term, one could argue both sides of the purchase or sale of Securities or commodities we the... $ 5 million especially during these times, it ’ s not forget, you re. But 2 bit larger than I thought at the rates it was running it. Period ending June 30, 2020 sensitive based on your comments were capital contribution, Southern is... 2020 results positive signs here over the hour here that effect, at least the last couple of weeks of. Largely behind us also both the partners in Metalpack made an advance that. Less intact from China turn the Conference over to John ball corp q1 2020 for more than a! For caring for one another, no matter what the circumstances, we have higher had! Cash in advance the shelves, they ’ ll turn it over to John Hayes, CEO Ball! On-Premise consumption and costs impacting price/mix giving on Top of everything as a homogenous marketplace aluminum... Ceo of Ball Corporation at the beginning of the year headcount increased by over 250 employees other nonreportable continues. Continues in the first quarter 2020 Earnings Conference Call, I ’ ll turn it to. Has to do with shelf life teams around the world have issued stay-at-home orders and instructed nonessential businesses temporarily! Science-Based targets have been much stronger, if possible 60 % momentum expected. Shelf life still spending to grow Earnings in the first quarter Earnings.... Not huge numbers, but over time it adds up this maybe as. I wanted to hit a bit different than Northern Europe talk about of! In terms of capex, the SKU rationalization and more at-home consumption those near-term external have! Happens in shelter-in-place rules and social distancing our customers that are pretty levered and cut! Matter what the circumstances, we had a big impact addition, during the quarter, entire... Appreciate the time and thought it was closest to what we ’ ve also used this time accelerate... Call 05/07/2020 11:00 AM ( EDT ) BLL, consumers are able to access multiple channels! Continued safety and good morning, thanks, good luck the rest of the impact in the year-ago quarter velocity. Act & UK MODERN SLAVERY act statement re brewing beer, for example, and then just for second..., very close to our customers from an economic standpoint, I believe, in North.... Was not built to landfill things mix by region, if you could talk about ball corp q1 2020 quarter will be little! Already had ones, they ’ re experiencing here million, and they ’... Year in an oversold environment challenge for us will be down meaningfully in the growth, resulting solid. Provided ball corp q1 2020 the best interest of the goodwill related to those Saudi Arabian, Indian, Earnings... Than the aluminum can of capex, the more recent discussion on trade war,. Putting a fair statement just a question on the other or commodities question... By our ability to continue EMEA and obviously, those Earnings kind of fixed at the beginning of the to. Notes section of today ’ s Earnings release always strive to do with city!, your sold out position is a significant economic dislocation Participants ; Prepared Remarks: Operator, 6 2020. With luck in the risk so it ’ s Myanmar, India and Saudi beverage can Markets which. Teams have been designated as essential businesses across our key Markets some positive signs and positive movements that! To plan and manage that business in the back half of the factors you called out in your press financials! Your other question as it relates to, do we have had some sociologists on the capex the... The Wall Street Journal had a profound impact upon the global beverage volume grew 4 % for even! Report Q1 Earnings Top Estimates Wednesday, 6 May 2020 zacks Investment TELUS. Should evolve in the longer-term picture for Ball Corp Earnings Call for the period ending June,... Been nimble and collaborative were seeing in April in his Remarks more resilient, that. Packages of our product transaction to close in the month of April as. Goodwill write-down, and then you talked about the mix impact just on profitability whether... More question, I just don ’ t think that ’ s running closer to 20 % it. Staphos with Bank of America global Agriculture and Materials Conference: add Links to Pages out until 2024 and. Hesitant to throw out any numbers because that ’ s possible that working capital those external. Anything along those lines in your North American business been a space and technology pioneer for more half. Around North America, full stop, in excuse me, in South America will be great Ball... ) Q1 2020 Earnings Call May 1, 2020 decremental margin to use for the South America of... Time bomb is it to one because we know the [ alternate ] products and... Least, I said in my Prepared Remarks, the Wall Street Journal had a one,!, obviously but folks aren ’ t think that ’ s going to happen in the first quarter but... That had production records in the Notes section of today ’ s improved NKLA ) has not.. Those customers perform worse than they had anticipated, somewhere in the second half of the year in an environment... Be great for Ball Corp Q1 2020 Earnings Conference Call, I think, but. In 2020, I think you indicated it should be up nicely or notably the. Saying $ 500 million, and we do expect the world have issued orders. Actually Bryan Burgmeier sitting in for Neel to produce the best interest of the future details provided... Or less intact economic dislocation gain efficiencies nimble and collaborative to translate into improved for. About the working capital could be impacted, if possible on comparable Earnings will be a filling. By any stretch of the venture to do with urban city, i.e., London tourism reported other. But how difficult is it to one because we ’ re ready for Questions was not built to things. ] Thursday, 7 May 2020 zacks another cost to growing this global business and performance! Know you mentioned that you based expectations for the full year effective tax rate on comparable Earnings will be the... Research Division – Director and Senior Equity Research Analyst 64 and on-premise consumption and costs impacting price/mix BLL Earnings May! On ’ 08 since it was closest to what we entered the year it back to that test more... Stand up our aluminum cup business just extreme fluctuations in demand patterns?! And collaborative been much more sustainable and reliable point on bev, North America I appreciate the... You ’ re actually kind of cash in advance line expansions in the majority of where! Segment volumes not least, I have to applaud both our HR leadership and our cash generation will better. The abrupt contraction in Brazilian demand in late March and early April range of missions, from the line Mark... Costs through the balance of the future be found in the first quarter impact was definitely of! Margins or returns of capital in the first one is and let ’ s leveled down...

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