Picture of Eastman Kodak logo

KODK — Eastman Kodak News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousMid CapNeutral

Eastman Kodak Q3 revenue rises,  driven by AM&C segment growth

Overview

Kodak Q3 revenue rises 3% yr/yr to $269 mln, driven by AM&C segment growth

Operational EBITDA jumps to $29 mln from $1 mln in Q3 2024

Net income falls to $13 mln from $18 mln in Q3 2024

Co says previously disclosed going concern conditions have been fully resolved

Outlook

Kodak expects pension reversion proceeds to increase from $500 mln to $600 mln

Company plans to use pension reversion proceeds to reduce debt and strengthen balance sheet

Kodak's AM&C unit aims to expand product offerings in pharmaceutical manufacturing

Result Drivers

AM&C GROWTH - AM&C segment revenues increased by 15% to $82 mln, driven by price increases and higher volumes in Industrial Film and Chemicals and Motion Picture

PRINT SEGMENT - Print revenues decreased by 3% to $177 mln due to lower Prepress Solutions volume, but operational EBITDA improved due to price increases and cost management

GROSS PROFIT IMPROVEMENT - Gross profit rose 51% to $68 mln, driven by price increases, higher volumes, and lower aluminum costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$269 mln
Q3 Net Income$13 mln
Q3 Operational EBITDA$29 mln
Press Release: ID:nBw8KgKbJa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

Recent news on Eastman Kodak

See all news