Ball Corporation (BLL) has recently announced the new size of its beverage can, also nicknamed ‘Trim’ due to its size. Ball Corporation which is a leading producer of aluminum beverage cans, introduced this lightweight can, particularly for health conscious customers. Besides, the can is unbreakable, quick chilling and 100% recyclable.
The new can with a size of 8-oz. is smaller than the Ball’s usual can size of 8.4-oz. has a body diameter of 202 while end diameter is 200. The new can needs no line modification and will be running on existing filling lines.
Ball Corporation reduced its can size in order to meet the USDA guidelines, which specifically mentions a maximum of eight ounces of any beverage to be served to the students in school. However, Ball will continue to manufacture its usual 8.4 oz. can size. Ball is committed to capture the growing market for the portion-conscious customers, for whom the ‘trim’ cans are the perfect solutions.
During the last reported quarter, Ball reported an EPS of 53 cents, outperforming Zacks Consensus Estimates of 48 cents and 42 cents in the year-ago quarter. Net sales were $2011.2 million versus $1592.3 million in the year-earlier quarter. The reported sales easily outperformed the Zacks Consensus Estimate of $1863 million. We currently have a Zacks #2 Rank (short-term Buy) on the stock.
Headquartered in Broomfield, Colorado, Ball Corp. is a manufacturer of metal and plastic packaging, primarily for beverages and foods. It also supplies aerospace and other technologies and services to government and commercial customers. The company employs more than 14,000 people worldwide and competes with Alcoa Inc. (AA).
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