Eastman Kodak Q2 revenue rises on pricing and volume gains
Eastman Kodak Q2 revenue rises on pricing and volume gains
Overview
US print and advanced materials maker's Q2 revenue rose 18% yr/yr
Q2 net income turned positive from a loss a year earlier
Operational EBITDA for Q2 more than tripled yr/yr
Outlook
Kodak says it will focus on expanding core businesses and increasing operational efficiency
Company plans to accelerate investments in R&D to support growth initiatives
Result Drivers
SEGMENT GROWTH - Advanced Materials & Chemicals and Print segments saw higher revenue and Operational EBITDA
PRICING AND VOLUME - Improved pricing and higher sales volume drove Operational EBITDA gains
HIGHER INPUT COSTS - Rising silver and aluminum prices and increased SG&A expenses partially offset gains
Company press release: ID:nBw95LxqMa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $311 mln |
|
Q2 Net Income |
| $17 mln |
|
Q2 Operational EBITDA |
| $36 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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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