NEW YORK Ball Corp.
logged a slight uptick in revenue in the fourth quarter, and
the company expects continued growth despite "pricing headwinds
in Asia" and the loss of 12-ounce-can production in North
The Broomfield, Colo.-based
manufacturer posted net income of $60.6 million for the three
months ended Dec. 31, down 21.8 percent from $77.5 million in
the same period a year earlier despite a 3-percent increase in
sales to more than $2.11 billion.
"Excellent operating performance
offset increased manufacturing costs, and strong demand for
specialty packaging continued in North America and Brazil," the
The company completed the
closure of its 12-ounce beverage can plant in Columbus, Ohio, a
move aimed at aligning supply with demand, Ball said. The
company also expanded its specialty packaging capabilities in
Earnings before interest and
taxes (Ebit) in the companys Americas and Asia metal
beverage packaging segment totaled $138 million in the fourth
quarter, up 15.1 percent from a year earlier. Asia results were
flat on single-digit volume declines in the same comparison due
to a focus on capacity alignment in a challenging pricing
environment, Ball said.
"Contributions from our growth
investments, excellent execution by our operations and
strategic actions taken to align our supply with market demand
led to Balls improved results," president and chief
executive officer John A. Hayes said.