Overview
Kodak Q2 revenue declines 1% yr/yr to $263 mln
GAAP net loss of $26 mln vs. net income of $26 mln in Q2 2024
Operational EBITDA falls 25% to $9 mln due to higher costs
Substantial doubt raised about Kodak's ability to continue operations
Outlook
Kodak plans to focus on serving customers and developing growth businesses in H2 2025
Company assessing potential impact of new tariffs on future business
Kodak committed to U.S. manufacturing despite uncertain business environment
Kodak plans to reduce costs and convert investments into long-term growth in H2 2025
Result Drivers
HIGHER COSTS - Operational EBITDA impacted by increased aluminum and manufacturing costs, partially offset by price increases
AM&C GROWTH - Advanced Materials & Chemicals segment sees revenue growth, with FDA certification for pharmaceutical manufacturing
CASH FLOW CHALLENGES - Cash balance reduced due to capital expenditures and higher operational costs
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$263 mln
Q2 Net Income
-$26 mln
Q2 Operational EBITDA
$9 mln
Press Release: ID:nBwbHGHcBa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)