Business Context and Reporting Period
Company: Ball Corporation
Filing Type: Form 8-K (Regulation FD Disclosure)
Reporting Period: Third Quarter 2003
Date of Report: October 28, 2003
Key Financial Metrics
| Metric | Q3 2003 | Q3 2002 |
|---|---|---|
| Net Earnings | $68.8 million | $50 million |
| Earnings Per Share (Diluted) | $1.21 | $0.87 |
| Sales (Revenue) | $1.36 billion | $1.04 billion |
Note: The filing text does not provide specific values for cash flow, operating margins, debt levels, or liquidity ratios.
Material Changes vs. Prior Period
- Revenue Growth: Sales increased by $320 million (approximately 30.8%) compared to the third quarter of 2002.
- Profitability: Net earnings increased by $18.8 million (37.6%) year-over-year.
- Earnings Per Share: Diluted EPS rose by $0.34 (39.1%) from the prior year period.
Guidance, Outlook, and Risks
The filing serves as a Regulation FD disclosure referencing an attached press release (Exhibit 99.1) for detailed earnings information and non-GAAP financial measures. The text of this Form 8-K does not contain specific forward-looking guidance, management commentary, risk factors, or details on contingencies and unusual items beyond the reported earnings figures.
Investor Verification Checklist
- Verify the full text of the attached press release (Exhibit 99.1) for non-GAAP reconciliations and segment performance.
- Confirm the specific drivers behind the 30.8% revenue increase (e.g., volume growth vs. price increases).
- Review the full quarterly report (Form 10-Q) for cash flow statements, debt covenants, and liquidity positions not included in this 8-K summary.
- Check for any subsequent updates regarding the third-quarter results or fourth-quarter outlook.