Surprisingly Strong Aerospace Results Partially Offset Weakness in North America in Ball's 1Q
Ball started 2019 on firm footing, with most of the business performing solidly. In part, this is attributable to strong tailwinds for the beverage can in general. A renewed global focus on sustainability and recycling seems to be spurring beverage can sales higher, rising a remarkable 8% for Ball during the first quarter. Aerospace results were similarly solid. The only detractor in the quarter was a negative impact from changing spreads between aluminum scrap prices and benchmarks, and operati...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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