Ball Corp (NYSE:BALL) reported a Q4 fiscal 2023 net sales decline of 4.1% Y/Y to $3.40 billion, missing consensus estimates. Despite this, comparable operating earnings increased by 58% Y/Y to $425 million, and adjusted EPS rose to $0.78 from $0.44, beating consensus. The decline in sales was attributed to disruptions in a U.S. mass beer brand, affecting the Beverage packaging, North and Central America segment. BALL announced plans to halt production at its Kent, Washington facility to align supply with demand. The company expects volume recovery and cost management improvements in 2024, aiming for EPS growth and strong free cash flow generation. BALL shares dropped 1.23% to $51.50.