And really using that as the opportunity to instill the values that we -- values and skill sets that we think are critical to the future. I'll turn it over. Yes. In the last quarter's release, I think you'd cited mix as being a potential driver of earnings in North America in the second half. THe 93 billion units is the total global. So it's not like going to a gas station buying a container and then you don't know where it goes. That is correct. Our next question is from the line of Gabe Hajde with Wells Fargo Securities. Further, the expansions in Argentina, Paraguay and Chile are on track and will drive the segment’s growth in 2019 and beyond. And as we go into 2019, I think growth is just a function of how many cans we're able to make. So for example, in the second quarter, you actually had visibility of close to $7 billion if all the one but not contracted turns into actual business? I know it's a fluid subject. Thank you. I just wanted to follow-up on that last point with, let's say, you get a good portion of the scrap back, and how is the mechanism that coming back is that is still your contracts if you alluded to earlier. The scraps $40 million, I was -- $40 million for the year, but the $20 million for North America inefficiencies was a quarter number. Ball annual revenue for 2019 was $11.474B, a 1.38% decline from 2018. I just want to understand kind of what the big buckets are there? Thank you. We need all of those to kick-in and unfortunately, it will take us a handful of years to get all of that in sync. We knew going into the third quarter that we were already low on inventory. Then one clarifying comment is on specialty growth in Europe, it was 15% plus in the quarter. Supply demand globally for cans is tight. Yes, I think more of its just relative to the investments that we're contemplating and suggesting. Please go ahead, your line is open. Yes. Let's conquer your financial goals together...faster. New product introductions and sustainability are the key drivers for us, as customers seek out aluminum packaging solutions. In addition, there are either -- even greater future program opportunities that we are pursuing that would position us even more nicely, if we are able to secure them. ... 12/31/2019. By using this site you agree to the Our next question is from the line of Adam Josephson with KeyBanc Capital Markets. Like always, we will invest capital with an eye on EVA returns, managing our balance sheet effectively and consistently repurchasing stock and paying dividends for the benefit of our long-term shareholders. The contracted backlog is money good as I like to describe it, because it's contracted. Our customers operations continue to add new can filling lines which will benefit industry growth in 2020 and beyond. I'm assuming some of that's the pension funding, but if you could provide a bit more detail there Scott, I'd appreciate it. You mean as it relates to tax or other things? ... Total Enterprise Value to Total Revenue (ttm) ... America's Best Employers 2018 Dropped off in 2019. And if I read or heard correctly it's now in excess of 5 billion in 12 to 18 months, which would suggest that you're ahead of schedule in numbers and also in terms of timing. That's why we knew as we looked into the third and fourth quarter we didn't have any inventory to sell, and we're making what we were selling. Okay. I just want to get to the growth that you're seeing and the line speed of activity that you're seeing relative to what you were talking about last quarter. Log in to see them here or sign up to get started. Thank you. See insights on Ball including office locations, competitors, revenue, financials, executives, subsidiaries and more at … The information provided during this call will contain forward-looking statements. In summary, global beverage can demand momentum has continued in our three largest regions of North and Central America, South America and Europe. Get the detailed quarterly/annual income statement for Ball Corporation (BLL). In an environment of strong demand, particularly in our portfolio of specialty can sizes as well as tight inventories, we continue to experience short-term cost to serve this growth, particularly in our North and Central American packaging business. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. So we are in a much more proactive way then, we have -- bringing people on earlier. That was around year-to-year, but that was really just incremental to what our initial plans what had been laid out in January, but in total will fund like a $150 million [Phonetic] full year. We will continue to responsibly invest do what is best for Ball and our shareholders' long-term success. Cumulative Growth of a $10,000 Investment in Stock Advisor, Ball Corp (BLL) Q3 2019 Earnings Call Transcript @themotleyfool #stocks $BLL, Copyright, Trademark and Patent Information. This, this is John. In the last nine weeks, we've seen, it return to our expected or planned efficiency levels. Yes. And you are with JP Morgan. Sure. Please go ahead. I mean, do you have a rough sense for, I guess just for the aluminum scrap in the cost side, what that was in the quarter and kind of a rough estimate of kind of what you expect for the year for those items? And I would say that will be the catalyst for more of the larger folks to move, they will force the move of the larger CPG companies. So your point that they actually control. As we mentioned last quarter, the unfavorable impact of US aluminum scrap, logistics and customer order and complexities, have largely been addressed and contracts renewing in 2020. Let me start by saying we're actually working more than we ever have across as one Ball. With that, I'll turn it back to you, John. Europe was up for the quarter up 4%. Ball's North American segment volumes were up 3% in the quarter. Right. And aluminum aerosol was up low single-digits with investment for new product innovation we're continuing. Close to 90% of Ball's balance sheet debt is at fixed rates and we've reached our target leverage levels. In our earnings press release, we announced additional beverage can expansion plans that Dan will get into shortly. George, I guess relative to the Northeast, we're in the final legs of contract negotiations. Yes, this is Scott. Just to clarify. Growth in our businesses continue to exceed our expectations and our demand outlook heading into 2020 and beyond remains quite strong. We -- first question I had is, if you could just verify I think it was mentioned that the volume growth in Europe was up 4% and then I think I heard 7% was that the specialty component? And so you -- my point is, you can only sell what you actually have on the floor or can make. Early stages, I don't think it's going to be a large-scale facility, based on what we know. But you look since 2016 we had the sale of the tinplate food business and now China, we have the class of the Egyptian economy, a few years ago. Plastic cup margins for example are quite low and there are hardly any public packaging companies that are in that business. Created with Highcharts 8.2.2 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 (E And there's always a balance between all those various things, because you want to make sure that you're investing for growth, while at the same time you're giving back to your shareholders and we tend to do both of that. Gabe Hajde -- Wells Fargo Securities -- Analyst. Okay. Yeah, George. But Dan is it sort of necessity is the mother, invention so as the demands come in you have found ways to tweak the lines even I guess more quickly and to create a little bit more incremental capacity and you thought you'd have otherwise, or you just want to get a little bit at where that delta has come from? One is working capital given the growth that you're seeing -- will we reasonably expect that to be a use of cash. We continue to see opportunities to broaden our product and customer portfolio and global footprint through either bolt-on, M&A or Greenfield investment. Ball Corp. 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About that Dan, I guess relative to where we 're actually working more than 90 locations.! Q3 2019 earnings Call Oct 31, 2019, 11:00 a.m 0.70 versus 0.56... A quote page and your recently viewed tickers will be gone just, think... Remains quite strong grew nearly 4 % you 've seen, it 's a different bucket up, is..., our team continues to manage tremendous growth complexity and incredibly tight supply demand conditions a modern browser that that... President, ball Corporation and its subsidiaries employ 18,450 people worldwide and reported 2019 net sales were $ ball corporation revenue 2019... The direction on Friday ; the stock is up, backlog is money good as I like to turn conference... 2019 question first these opportunities across our global operations, our inventories were extremely and... Industry are still in the Northeast, we 're doing is actually using opportunity... Describe it, because it 's not like going to be a too. 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