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Ball Corporation Is Betting Big on Aluminum: A Substrate Shift With Long-Cycle Upside!

Ball Corporation reported its full-year 2025 earnings with notable emphasis on the growth trajectory of its global operations and strategy for the future. The company demonstrated strong business performance, particularly in the aluminum packaging sector, echoing the shifting consumer preference towards sustainable packaging options. Despite exiting from its aerospace business earlier, Ball Corporation delivered solid results that were well-received by investors. The company achieved record performances in several key areas, including a 13% increase in earnings per share, reaching $3.57, and delivering an adjusted free cash flow of $956 million, which saw a 2.4x increase year-over-year. Shareholder returns were also significant, with over $1.5 billion returned through buybacks and dividends. These metrics underscore Ball Corporation’s effective capital allocation strategy that prioritizes economic value added (EVA) to deploy capital where it can exceed its cost of capital. The geographic segments of Ball Corporation showed varying degrees of growth.