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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$269 mln
Q3 Net Income
$13 mln
Q3 Operational EBITDA
$29 mln
Press Release: ID:nBw8KgKbJa
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(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.)