Ball Corporation (BALL) Q3 2022 Earnings Call Transcript
Ball Corporation (NYSE:BALL) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET
Company Participants
Dan Fisher – Chief Executive Officer
Scott Morrison – Executive Vice President and Chief Financial Officer
Conference Call Participants
George Staphos – Bank of America
Adam Samuelson – Goldman Sachs
Ghansham Panjabi – Baird
Mike Leithead – Barclays
Christopher Parkinson – Mizuho
Mike Roxland – Truist
Phil Ng – Jefferies
Angel Castillo – Morgan Stanley
Anthony Pettinari – Citi
Kyle White – Deutsche Bank
Arun Viswanathan – RBC Capital Markets
Mark Wilde – Bank of Montreal
Operator
Greetings and welcome to the Ball Corporation 3Q 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded Thursday, November 3, 2022.
It is now my pleasure to turn the conference over to Dan Fisher, Chief Executive Officer. Please go ahead.
Dan Fisher
Thank you. Good morning, everyone. This is Ball Corporation's conference call regarding the company's third quarter 2022 results. The information provided during this call will contain forward-looking statements. Actual results or outcomes may differ materially from those that may be expressed or implied. Some factors that could cause the results or outcomes to differ are in the company's latest 10-K, and in other company SEC filings as well as company news releases. If you do not already have our earnings release, it is available on our website at ball.com.
Information regarding the use of non-GAAP financial measures may also be found in the Notes section of today's earnings release. Historical financial results for the divested Russian operations will continue to be reflected in the Beverage Packaging EMEA segment. See Note 1, Business Segment Information, for additional information about the sale agreement and a quarterly breakout of Russia's historical sales and operating earnings. The release also includes a table summarizing business consolidation and other activities as well as a reconciliation of comparable operating earnings and diluted earnings per share calculations. Joining me on the call today is Scott Morrison, our Executive Vice President and CFO. I'll provide some brief business performance commentary. Scott will discuss key financial metrics, and then we will finish up with closing comments and Q&A.
Let me begin by thanking those of you who attended our Biennial Investor Field Trip in late September. It was great spending time with many of you in-person. We sincerely appreciate you taking time to meet our team to listen to Ball's unwavering strategy for our agile aluminum packaging portfolio and our aerospace technology security, science and sustainability solutions; to learn from our continued transparency on macroeconomic dynamics, impacting our industry; and to engage with us on the actions we have taken to deliver improved results, cash generation and EVA in 2023 and beyond. For those of you that could not attend a transcript of the management briefing and slides as well as contact information for our Investor Relations team are available on ball.com/investors under the Presentations tab.