The company aims for further savings, targeting a total of $120 million by the end of 2027.
The company’s adjusted operating result doubled to US$73.22m, lifting its adjusted EBITDA margin to 6.4%.
The company stated that its performance was “affected by higher wood cost and lower sales realization due to continuing cheap imports.”
Its profit after tax (PAT) declining by 77.6% year-over-year.
The closure is slated for completion early in 2026 as part of the company’s ongoing optimization efforts.
Ball reaffirms its previously issued full-year comparable diluted earnings per share growth outlook of 12-15%, and is positioned to generate strong free cash flow, increase EVA and continue long-term return of value to shareholders in 2025
The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill,
The company acknowledged the challenging market conditions and consumer behavior shifts as headwinds.
Net sales surged 68% year-on-year to US$5.74 billion on a constant currency basis.
The growth is due to to strong traction across both domestic and export markets.