Ball Corporation Authorizes Repurchase of 12 Million Shares of Common Stock; Board Declares Dividend
October 26 2005 - 3:45PM
PR Newswire (US)
BROOMFIELD, Colo., Oct. 26 /PRNewswire-FirstCall/ -- Ball
Corporation's (NYSE:BLL) board of directors today authorized the
repurchase by the company of up to a total of 12 million shares of
its common stock. This repurchase authorization replaces all
previous authorizations. Also today, Ball's board of directors
declared a cash dividend of 10 cents per share, payable Dec. 15,
2005, to shareholders of record on Dec. 1, 2005. Ball Corporation
is a supplier of metal and plastic packaging products, primarily
for the beverage and food industries. The company also owns Ball
Aerospace & Technologies Corp., which develops sensors,
spacecraft, systems and components for government and commercial
markets. Ball Corporation employs more than 13,500 people and
reported 2004 sales of $5.4 billion. Conference Call Information
Ball Corporation will hold its quarterly conference call on the
company's third quarter 2005 results tomorrow at 8:30 a.m. Mountain
Time (10:30 a.m. Eastern). The North American toll-free number for
the call is 800-728-2149. International callers should dial
415-537-1896. For those unable to listen to the live call, a taped
rebroadcast will be available until 10:30 p.m. Mountain Time on
Nov. 3, 2005. To access the rebroadcast, dial 800-633-8284
(domestic callers) or +1-402-977-9140 (international callers) and
enter 21263491 as the reservation number. Please use the following
URL for a Web cast of the live call and for the replay:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=115234&eventID=1140661 (Please copy and
paste the entire URL into your web browser) A written transcript of
the call will be posted within 48 hours of the call's conclusion to
Ball's Web site at http://www.ball.com/ in the investor relations
section under "presentations." Forward-Looking Statements The
information in this news release contains "forward-looking"
statements and other statements concerning future events and
financial performance. Words such as "expects," "anticipates,"
"estimates," and variations of same and similar expressions are
intended to identify forward-looking statements. Forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those expressed or
implied. The company undertakes no obligation to publicly update or
revise any forward- looking statements, whether as a result of new
information, future events or otherwise. Key risks and
uncertainties are summarized in the company's filings with the
Securities and Exchange Commission, especially in Exhibit 99.2 in
the most recent Form 10-K. These filings are available at our Web
site and at http://www.sec.gov/. Factors that might affect our
packaging segments include fluctuation in consumer and customer
demand and preferences; availability and cost of raw materials,
including due to the effects of hurricanes Katrina and Rita, as
well as recent significant increases in resin, steel, aluminum and
energy costs, and the ability to pass such increases on to
customers; competitive packaging availability, pricing and
substitution; changes in climate and weather; fruit, vegetable and
fishing yields; industry productive capacity and competitive
activity; failure to achieve anticipated productivity improvements
or production cost reductions, including those associated with our
beverage can end project; the German mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier
contracts or loss of a major customer or supplier; international
business risks, including foreign exchange rates, tax rates and
activities of foreign subsidiaries; and the effect of LIFO
accounting on earnings. Factors that might affect aerospace segment
include: funding, authorization and availability of government
contracts and the nature and continuation of those contracts; and
delays, extensions and technical uncertainties affecting segment
contracts. Factors that could affect the company as a whole include
those listed plus: acquisitions, joint ventures or divestitures;
regulatory action or laws including tax, environmental and
workplace safety; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; boycotts; labor cost changes;
rates of return projected and earned on assets of the company's
defined benefit retirement plans; reduced cash flow; interest rates
affecting our debt; and changes to unaudited results due to
statutory audits or management's evaluation of the company's
internal control over financial reporting. DATASOURCE: Ball
Corporation CONTACT: Investors, Ann. T. Scott, +1-303-460-3537, ,
or Media, Scott McCarty, +1-303-460-2103, , both of Ball
Corporation Web site: http://www.ball.com/
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