Ball Corporation has reported a solid third quarter, driven by higher global beverage can volumes. 

The aluminium packaging giant posted a 12.1% increase in comparable diluted earnings per share (EPS), as demand for sustainable packaging solutions continued to strengthen across key regions.

On a US GAAP basis, Ball recorded third-quarter 2025 net earnings attributable to the corporation of $321 million, or $1.18 per diluted share, on sales of $3.38 billion, up from $197 million, or $0.65 per diluted share, on $3.08 billion in 2024. Comparable diluted EPS rose to $1.02, compared with $0.91 a year earlier.

Global aluminium packaging shipments increased 3.9% year-on-year, supported by higher mid-single-digit growth across Ball’s North and Central America, EMEA, and South America segments.

The company returned $1.27 billion to shareholders through share repurchases and dividends during the first nine months of 2025 and remains on track to return at least $1.5 billion by year-end.

Daniel W. Fisher, chairman and chief executive officer, said: ”Ball delivered strong third-quarter results, returning over $1 billion to shareholders in the first nine months of 2025. 

“Our solid financial position, streamlined operating model, and disciplined growth strategy drove higher volumes and operating earnings. 

“As we look to close out the year, we remain vigilant given ongoing geopolitical and macroeconomic volatility, but our team is well-positioned to execute and achieve our 2025 objectives. 

“Continued focus on operational excellence is enhancing manufacturing efficiencies, while investments in innovation and sustainability enable our customers to meet evolving consumer needs. 

“These actions, combined with rigorous cost management, provide resilience in the near term and reinforce our ability to deliver long-term value for our shareholders.”

Regional Performance

Beverage Packaging, North and Central America

Comparable operating earnings for the region rose to $210 million on sales of $1.64 billion, compared with $203 million on $1.46 billion in Q3 2024. Volume grew mid-single digits, driven by strong demand for aluminium cans and favourable pricing dynamics.

Beverage Packaging, EMEA

In Europe, the Middle East and Africa, comparable operating earnings increased to $147 million from $128 million, with sales rising to $1.06 billion from $950 million a year earlier. The company reported mid-single-digit volume growth supported by robust shipments and favourable currency translation.

Beverage Packaging, South America

Comparable operating earnings in South America reached $80 million on $508 million in sales, up from $78 million on $484 million in 2024. The region saw steady mid-single-digit volume growth, reflecting healthy beverage consumption and solid customer demand.