Ball Corporation (BALL) Q1 2023 Earnings Call Transcript
Ball Corporation (NYSE:BALL) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET
Company Participants
Dan Fisher - Chairman and CEO
Scott Morrison - Executive Vice President and CFO
Conference Call Participants
Ghansham Panjabi - Baird
George Staphos - Bank of America
Angel Castillo - Morgan Stanley
Cleve Rueckert - UBS
Bryan Burgmeier - Citi
Arun Viswanathan - RBC
Mike Roxland - Truist
Phil Ng - Jefferies
Mike Leithead - Barclays
Kyle White - Deutsche Bank
Gabe Hajde - Wells Fargo
Adam Samuelson - Goldman Sachs
Operator
Greetings. And welcome to the Ball Corporation 1Q 2023 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, May 4, 2023. It is now my pleasure to turn the call over to Dan Fisher, Chairman and CEO. Please go ahead.
Dan Fisher
Thank you, Tina, and good morning, everyone. This is Ball Corporation’s conference call regarding the company’s first quarter 2023 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 Russia 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 comparable operating earnings. In addition, the release also includes a summary of non-comparable items, 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 will provide some brief introductory remarks, Scott will discuss key financial metrics and then we will finish up with closing comments, our outlook for the remainder of 2023 and Q&A.
Let me begin by thanking our employees for working safely and efficiently, while fulfilling our customer’s needs. Collectively, we delivered strong first quarter results amid tough year-over-year comparisons, driven largely by business divestments executed in 2022.