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KODK — Eastman Kodak News Story

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Eastman Kodak Q2 revenue down 1%

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

MetricBeat/MissActualConsensus 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.)

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