Ball Corporation

Overview

Ball Corporation is a global supplier of aluminum packaging for beverages, personal care, and household products, with a focus on sustainable, circular aluminum packaging. Headquarters are in Westminster, Colorado, USA. The company’s common stock trades on the NYSE under the ticker BALL.

Products and R&D

Primary product line: aluminum beverage containers (cans and ends).
Other packaging: extruded aluminum aerosol containers, recloseable aluminum bottles, and aluminum slugs.
Personal & Home Care (PHC) offerings include extruded aerosol containers, recloseable bottles, and aluminum slugs.
Aluminum cups business was deconsolidated on March 21, 2025.
R&D centers on packaging innovations (new sizes, shapes and types), manufacturing efficiency, and sustainability improvements, with technical capabilities centered at Ball’s technical center in Westminster, Colorado.

Markets and customers

Ball sells globally to major beverage, personal care, and household products companies under long-term relationships and multi-year supply contracts, and reports a high level of customer retention.

Size and workforce

2025 total consolidated net sales: $13.16 billion.
Employees: approximately 16,000 at year-end 2025 (about 5,000 in the U.S.).

Geographic and segment structure (2024–2025)

Ball reorganized its beverage packaging reporting into three reportable segments:

Beverage Packaging, North and Central America — 48% of 2025 net sales (largest segment by sales).
Beverage Packaging, Europe, Middle East and Africa (EMEA) — 30% of 2025 net sales.
Beverage Packaging, South America — 16% of 2025 net sales.

Other (non-reportable) operations:

Beverage Packaging, Other — operations in India and Myanmar.
Personal & Home Care (PHC) — nine facilities across Europe, Canada, Brazil and Mexico.

Ownership and investments:

Divested the aerospace business, completed February 16, 2024.
Holds equity-method investments in several countries (U.S., Guatemala, Panama, Vietnam, Saudi Arabia); those investments are excluded from segment sales and earnings.
In August 2025 Ball sold 41% of its 51% stake in Ball United Arab Can Manufacturing Company, deconsolidating the majority of that entity and retaining a 10% ownership interest.

Facility footprint (selected)

Beverage Packaging, North and Central America: 20 facilities (17 in the U.S., 1 in Canada, 2 in Mexico).
Beverage Packaging, EMEA: 21 facilities (19 in Europe, 1 in Egypt, 1 in Turkey).
Beverage Packaging, South America: 12 facilities (9 in Brazil, 1 in Argentina, 1 in Chile, 1 in Paraguay).
Beverage Packaging, Other: 3 facilities (2 in India, 1 in Myanmar).
Personal & Home Care (PHC): 9 facilities (6 in Europe, 1 in Canada, 1 in Brazil, 1 in Mexico).
Aluminum cups: deconsolidated with the March 2025 transaction.

Sustainability and governance

2030 target: 55% reduction in Ball’s greenhouse gas footprint; net-zero carbon emissions by 2050.
Sourcing and materials: works with ASI-certified aluminum suppliers and uses Cradle to Cradle Material Health certified inks and coatings, with emphasis on recycled content and circularity.
Recycling and content: global aluminum recycling rate was 75% in 2023; Ball beverage cans averaged about 74% recycled content in 2024.
External recognition: MSCI AAA ESG rating, EcoVadis Gold Medal, and inclusion on the Dow Jones Sustainability Index in North America for six consecutive years.

Strategy and operations

Ball pursues a stable, long-term supply approach, operational excellence, and expansion of aluminum substrate use to replace other materials. The company manages aluminum cost exposure and currency risk through pass-through pricing and derivative instruments within a multi-regional, currency-hedged framework. Strategic options include potential acquisitions, divestitures, and equity investments to create shareholder value.

Key data points

2025 net sales: $13.16 billion.
End-2025 employees: ~16,000 (about 5,000 in the U.S.).
North America shipments: ~50 billion aluminum beverage containers in 2025 (about 36% of an estimated 139 billion U.S./Canada/Mexico industry shipments).
2025 segment shares: North & Central America 48%, EMEA 30%, South America 16%.
Facility counts: North America 20; EMEA 21; South America 12; Beverage Packaging Other 3; PHC 9.
Corporate actions: aerospace divestiture completed in 2024; 2025 deconsolidation and minority-stake adjustments in Ball United Arab Can Manufacturing Company.

BALL Corp

10-K / February 19, 2026