A Shift to Specialty in North America Should Preserve Segment Margins for Ball; Raising FVE to $38
During the first quarter, we've seen a glimpse of Ball's more recently emphasized "value over volume" strategy. Results were somewhat mixed--with South America benefiting more than North and Central America. In South America, volume growth was robust albeit below market and margins expanded. We've modestly increased our near-term outlook for South America on higher-than-expected volumes and margins. In North and Central America, the strategy led to fewer units sold and an 8% decline in adjusted ...Ball supplies metal packaging to the beverage, personal care and household products industries. The company provides aerospace and other technologies and services. The company's main product line is aluminum beverage containers. The company also produces aerosol containers, extruded aluminum aerosol containers and aluminum slugs. The company's segments are: beverage packaging, North and Central America, beverage packaging, South America, and beverage packaging, Europe, all of which are engaged in manufacturing and selling aluminum beverage containers; and aerospace, which manufactures and sells aerospace and other related products and provides services used in the defense, civil space and commercial space industries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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