Ball Corp. reports $224M profit for 2016

BROOMFIELD — Ball Corp. (NYSE: BLL), a can manufacturer based in Broomfield, on Thursday reported profit of $224 million, or $1.39 per share, for its fiscal year that ended Dec. 31, a decline from the previous year.

The Broomfield-based company made a $281 million profit last year.

Revenue was up year to year, with $9.1 billion in 2016 compared with $8 billion in 2015.

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Fourth quarter 2016 net earnings were $14 million, or 8 cents per diluted share, on sales of $2.5 billion, compared to $55 million, or 39 cents per diluted share, on sales of $1.8 billion, in the fourth quarter of 2015.

Ball Corp.’s aerospace division, based in Boulder, with operations in Broomfield and Westminster, generated earnings for the full-year 2016 of $88 million on sales of $818 million, compared with $82 million on sales of $810 million in 2015. For the fourth quarter, earnings were $26 million on sales of $241 million, compared to $21 million on sales of $162 million during the same period in 2015.

The company said it plans to expand its aerospace manufacturing center by 70,000 square feet in Westminster during 2017.