Ball Corp. posts 60% increase in profit for 2Q

BROOMFIELD – Ball Corp.’s second-quarter profit escalated about 60 percent this year compared with the same period a year ago, according to the company’s earnings report released Thursday.

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.

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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.