Earnings from Ball Corp. and Snap-on

More good Buy List news today. We had one very strong earnings report and an OK earnings report, but that was coupled with very encouraging acquisition news. Ball Corp. ($BLL) reported Q4 earnings of 84 cents per share. That was a penny below Wall Street’s consensus. Revenues rose 1.8% to $2.03 billion which was $50 million more than consensus. For the year, Ball earned $3.88 per share which is a nice increase over $3.28 per share they made in 2013.

Even though Ball missed by a penny per share, they finished up a very good year for 2014. As such, the company said it’s unlikely they’ll hit their long-term goal for growing earnings by 10% to 15% this year.

But the really big news is that Ball confirmed they’re in talks to buy Rexam, an aluminum can maker in Britain. The potential deal would be worth $6.5 billion. The market apparently likes this news a lot. Ball has been up as much as 11% today.

The other earnings news came from Snap-on ($SNA). The company reported Q4 earnings of $1.97 per share. That creamed estimates by 16 cents per share. For all of 2014, Snap-on made $7.14 per share. That’s a huge jump over $5.93 per share they earned a year ago. Business is going very well for them; the shares have been up as much as 7% today.

Posted by on February 5th, 2015 at 2:01 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.