Business Context and Reporting Period
Company: Ball Corporation
Filing Type: Form 8-K (Current Report)
Date: July 24, 2003
Reporting Period: Second Quarter 2003
This filing serves as a Regulation FD disclosure, furnishing second-quarter 2003 earnings results that would otherwise be reported under Item 12 of Form 8-K. The detailed earnings information and non-GAAP measures are contained in the attached press release (Exhibit 99.1).
Key Financial Metrics
| Metric | Q2 2003 | Q2 2002 |
|---|---|---|
| Net Earnings | $74.3 million | $49.9 million |
| Earnings Per Share (Diluted) | $1.30 | $0.87 |
| Sales (Revenue) | $1.35 billion | $1.03 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 31%) from $1.03 billion in Q2 2002 to $1.35 billion in Q2 2003.
- Profitability Increase: Net earnings rose by $24.4 million (approximately 49%) from $49.9 million to $74.3 million.
- Earnings Per Share: Diluted EPS improved by $0.43, representing a 49.4% increase year-over-year.
Guidance, Outlook, and Risks
The provided text does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies. The filing explicitly states that further information regarding the use of non-GAAP financial measures is set forth in the attached press release, which is deemed furnished and not filed with the SEC.
Investor Verification Checklist
- Verify the details of the attached press release (Exhibit 99.1) for non-GAAP financial measures and segment performance.
- Confirm the specific drivers behind the 31% revenue increase and 49% earnings increase.
- Review the full Q2 2003 earnings release for cash flow, debt, and liquidity data not included in this summary.
- Check for any subsequent filings that may provide updated guidance or risk factors.