EXHIBIT 99.2 DIVIDEND PRESS RELEASE
Published on October 27, 2005
Exhibit
99.2
News
Release
|
For
Immediate Release
|
http://www.ball.com
|
|
|
Investor
Contact:
|
Ann.
T. Scott
|
303-460-3537,
ascott@ball.com
|
|
Media
Contact:
|
Scott
McCarty
|
303-460-2103,
smccarty@ball.com
|
Ball
Corporation Authorizes Repurchase of 12 Million Shares of Common Stock;
Board Declares Dividend
BROOMFIELD,
Colo., Oct. 26, 2005—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
A
written
transcript of the call will be posted within 48 hours of the call’s conclusion
to Ball’s Web site at www.ball.com in the investor relations section under
“presentations.”
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more
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Ball
Corporation
10
Longs
Peak Drive ·
PO Box
5000 ·
Broomfield, CO 80021 ·
(303)
460-2103
“Our
Quasquicentennial Year”
Ball
Corp. - 2
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
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.
21/05 #
#
#
Ball
Corporation
10
Longs
Peak Drive ·
PO Box
5000 ·
Broomfield, CO 80021 ·
(303)
460-2103
“Our
Quasquicentennial Year”