logo
  Join        Login             Stock Quote

Ball (BLL): David Taylor To Retire From Aerospace Business, COO To Lead

 February 04, 2013 02:20 PM
 


(By Balaseshan) Ball Corp. (NYSE: BLL), a supplier of metal packaging for beverage, food and household products industries, said David Taylor, president and CEO of Ball Aerospace & Technologies Corp. is retiring at the end of March.

Taylor is retiring after a 29-year career with the company. Succeeding Taylor will be Robert Strain, who currently is chief operating officer of Ball Aerospace.

Strain will focus on continuing the growth of Ball Aerospace and solidifying the market gains achieved during Taylor's tenure. He joined Ball Aerospace in March 2012.

Strain has served as director of NASA's Goddard Spaceflight Center and has held leadership roles at The Johns Hopkins University Applied Physics Laboratory, Orbital Sciences Corp. and Fairchild Space and Defense.

[Related -Ball Corporation (NYSE:BLL): Boring Company, Interesting Prospects]

"Dave Taylor led a transformation of our aerospace business into an agile, high-performing aerospace and defense enterprise, guiding its entry into new customer agencies and growing our aerospace segment sales and profits significantly since 2002," said John Hayes, president and chief executive officer of Ball Corp.

On January 31, the company reported fourth-quarter earnings of $60.6 million or $0.39 per share, down from $77.5 million or $0.47 per share last year. Comparable earnings per share (EPS) rose to $0.64 from $0.48. Net sales increased 3% to $2.11 billion.

Earnings from aerospace and technologies segment were $24.2 million on sales of $245.0 million for the fourth quarter, compared to $18.0 million on sales of $185.1 million in the same period last year.

[Related -Finding Value In The Materials Sector Is A Material Thing]

On January 30, the company said its board has raised quarterly cash dividend by 30% to $0.13 per share. The dividend is payable March 15, to shareholders of record on March 1.

BLL is trading down 1.49% at $44.91 on Monday. The stock has been trading between $38.39 and $46.99 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageFord Motor Company (F): A long Road to Deutsche Bank’s $19 Target

Ford Motor Company (NYSE:F) is going the right way on a one way street where most everybody else is driving read on...

article imageCitigroup Inc (C) Q1 Earnings Preview: Too Many Parts Heading South

Citigroup Inc (NYSE:C) will issue its first quarter results via press release at approximately 8 a.m. (ET) read on...

article imageFacebook Inc (FB): You Might Not Like It Today, But You’ll Like It Tomorrow

Do you honestly want to invest in stocks right now? It sure looks like the bull market is at least on read on...

article imageJPMorgan Chase & Co. (JPM) Q1 Earnings Preview: Regulation Costs To Trim Guidance?

JPMorgan Chase & Co. (NYSE:JPM) will host a conference call to review first quarter 2014 financial results read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.