We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
Net income for Broomfield-based Ball (NYSE: BLL) was $153.1 million, or $1.07 per diluted share, for the quarter ending June 30. That’s compared with $95.1 million, or 63 cents per diluted share, for the same timeframe a year ago.
Revenue for the quarter was $2.3 billion, nearly a million more than a year ago.
Ball manufactures packaging for food, beverage and household products, and it also has an aerospace division based in Boulder. The company and its subsidiaries have 15,000 employees globally.
The company reported that strong demand for beverage cans remained favorable.
Metal beverage packaging in the Americas and Asia accounted for $142 million of the company’s second-quarter sales, up $16.3 million from the same period last year.
Ball Aerospace & Technologies Inc.’s operating earnings were up $5.7 million to $24.8 million, with sales increasing $15 million to $241.1 million for the quarter.
“Our improved second-quarter results were due to improving demand for beverage cans, excellent performance in our global beverage operations and solid program execution in our aerospace business,” said John Hayes, Ball Corp.’s chairman, president and chief executive.