Short answer
Ball Corporation (BALL) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.4B (up 9.6% year over year) with net income of $321M.
Q3 2025 key financials · XBRL
- Revenue
- $3.4B
- +9.6% YoY · +1.2% QoQ
- Net income
- $321M
- +62.9% YoY · +51.4% QoQ
- EPS (diluted)
- $1.17
- +56.0% YoY · +53.9% QoQ
Source: XBRL data from the Ball Corporation (BALL) Q3 2025 10-Q on SEC EDGAR. USD.
Ball Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3,379M Q3 2025, up $297M YoY from $3,082M Q3 2024; 9 months $9,814M vs $8,915M, up $899M YoY
- Cost of sales 80% of net sales Q3 2025 vs 79% Q3 2024; SG&A 4% of sales Q3 2025 vs 5% Q3 2024, 9 months SG&A 4% vs 6% YoY
- Beverage Packaging EMEA best segment: operating earnings +$19M Q3 2025 YoY, sales +$109M; South America worst margin impact with higher costs offsetting gains
- Operating cash flow $51M 9 months 2025 vs -$385M 9 months 2024; capital expenditures $304M, $160M used for acquisition of Florida Can Manufacturing
- Management expects 2025 capex ~$465M, plans $1.3B share repurchases, notes rising interest expense and inflation impacts, confident liquidity with $1.7B revolver availability through 2027
Risk Factors
- New risk: U.S. Customs challenges tariff classification on aluminum imports, potential additional tariffs could materially impact results
- Updated risk: Raw material cost volatility from aluminum prices on LME and supply shortages due to strikes, sanctions, and trade actions
- Regulatory risk: Possible increased tariffs tied to ongoing U.S. Customs and Border Protection dispute with undefined financial impact
- Market risk: Fixed-price contracts limit passing raw material cost increases, risking volume decline and short-term profitability pressures
- Financial risk: Derivative hedging may be insufficient against raw material price surges affecting profit margins and cost recoverability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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