Ball Corp.

Strong Q2 and first-half momentum vs. framework - Global beverage can volumes: +4.3% YoY in Q2 (and growth in every region), supporting the company’s full-year volume outlook. - Comparable operating earnings: +7.7% YoY. - Comparable diluted EPS: +14.4% YoY (capital allocation and operating performance tailwinds). - CEO reiterated the 2026 “framework” is unchanged: 10%-plus comparable diluted EPS growth, strong free cash flow, and consistent shareholder returns.

Full-year guidance / financial forecast—key numbers - Free cash flow: >$900M expected in 2026. - Effective tax rate (on comparable earnings): slightly above 23%. - Interest expense (full year): ~$310M. - CapEx: expected to be in line with GAAP D&A. - Net debt / comparable EBITDA (year-end): ~2.7x. - Share repurchases: at least $600M in 2026. - Total capital return: ~$800M (including dividends). Board declared the quarterly cash dividend.

Segment/regional performance and what’s driving it (including negatives) - North & Central America: volumes low single digits YoY; comparable operating earnings -2.4% YoY. - Main offsetting factors: ~$5M start-up costs plus “network friction” from being notably tight on capacity; partially offset by favorable price mix and timing of metal pass-through. - Investors were told this is “working-through ramp” rather than demand collapse. - EMEA: volumes mid-single digits YoY; segment comparable operating earnings +6.6% YoY. - Positive drivers: volume + price mix, and contributions from Benepack integration; partly offset by prior-year Saudi business sale. - Still a “tight + ramp” situation as plants integrate. - South America: volumes mid-teens YoY; segment comparable operating earnings +64% YoY (strong quarter; also described as naturally volatile quarter-to-quarter).