Welcome to our dedicated page for EASTMAN KODAK COMPANY news (Ticker: KODK), a resource for investors and traders seeking the latest updates and insights on EASTMAN KODAK COMPANY stock.
Eastman Kodak Company (NYSE: KODK) is a renowned American technology company that has carved a niche in the imaging sector. Kodak provides a comprehensive range of products and services, including hardware, software, consumables, and services that cater to diverse markets such as graphic arts, commercial print, publishing, packaging, electronic displays, entertainment, and consumer products. The company operates through several business segments: Print, Brand, and Advanced Materials & Chemicals (AM&C).
The Print segment, which generates the majority of Kodak's revenue, offers an array of products like digital offset plate offerings, computer-to-plate imaging solutions, high-quality digital printing solutions using electrically charged toner-based technology, production press systems, consumables, inkjet components, software, and services. Kodak's global footprint spans across the United States, Canada, Europe, the Middle East and Africa, Asia Pacific, and Latin America.
Kodak's commitment to innovation is evident in its robust R&D capabilities and a portfolio of groundbreaking solutions designed to help businesses grow sustainably. The company's trusted brand and history of 79,000 patents over 130 years underscore its leadership in technology and science.
Recently, Kodak reported financial results for Q1 2024 and the full year 2023, showcasing a strong performance despite challenging business conditions. The company continues to focus on its long-term plan to invest in innovation, improve efficiency, and support customers' productivity and profitability. Notable achievements include the launch of the Kodak MiniShot ERA line in the USA and ongoing investments in manufacturing capacity for still and motion picture films.
Additionally, Kodak remains dedicated to environmental stewardship, developing sustainable solutions for print. The latest Kodak ERA products, which incorporate eco-friendly materials, are a testament to this commitment.
For more information about Kodak, visit kodak.com and follow on social media.
Kodak (NYSE: KODK) reported Q3 2024 financial results with consolidated revenues of $261 million, down 3% from Q3 2023. The company posted GAAP net income of $18 million, an 800% increase from $2 million in Q3 2023. However, Operational EBITDA decreased 92% to $1 million, primarily due to higher manufacturing costs and aluminum prices. The quarter-end cash balance was $214 million, down $41 million from December 31, 2023. The Advanced Materials & Chemicals group showed growth, while the Print segment experienced revenue decline. The company continues to invest in growth initiatives, including a cGMP facility for pharmaceutical ingredients.
Kodak will host its Third-Quarter 2024 Earnings call on Tuesday, November 12, 2024, at 5:00 pm ET. Executive Chairman and CEO James Continenza, along with CFO David Bullwinkle, will discuss the financial results with analysts and investors.
For audio conference details, visit: register here.
Eastman Kodak Company (NYSE: KODK) reported its Q2 2024 financial results, showing mixed performance. Consolidated revenues decreased by 9% to $267 million, while gross profit fell 8% to $58 million. However, the gross profit percentage increased by 1 percentage point to 22%. GAAP net income declined 26% to $26 million, and Operational EBITDA decreased 45% to $12 million. The company's cash balance stood at $251 million, down $4 million from December 31, 2023.
Despite revenue decline, Kodak achieved a year-over-year increase in gross profit percentage for the seventh consecutive quarter. The company continues to invest in its Advanced Materials & Chemicals group and is seeing revenue growth in key product areas. Kodak's cGMP facility for manufacturing diagnostic test reagents is scheduled to begin production in 2025.
Eastman Kodak Company (NYSE: KODK) has announced its upcoming Second-Quarter 2024 Earnings Conference Call, scheduled for Thursday, August 8th, 2024, at 5:00 PM ET. The call will be hosted by Executive Chairman and CEO James Continenza and CFO David Bullwinkle, who will discuss the company's financial results with analysts and investors. This event provides an opportunity for stakeholders to gain insights into Kodak's performance and future outlook. Interested parties can register for the audio conference through the provided URL.
Kodak's photo printer, produced by Prinics, has achieved global bestseller status on Amazon. Utilizing Prinics' proprietary 4PASS printing technology, these printers offer convenient all-in-one cartridges and are available in 21 countries. As of May 27, 2024, nine Kodak photo printer products have been recognized as bestsellers on Amazon and Walmart in seven countries. The 3-inch Kodak Mini Shot 3 instant camera and the 6-inch Kodak Dock Plus photo printer have particularly stood out, with the latter maintaining its bestseller position for five years.
Kodak recently launched the ERA lineup, expanding their product range to include the world's first 4-inch square instant camera (Kodak Mini Shot 4 ERA), a 1-inch camera (Memo Shot ERA), and a 0.5-inch printer (Memo Label ERA). Prinics' representative emphasized their commitment to customer satisfaction and continuous innovation. Kodak is known for its commercial print and advanced materials expertise, backed by 79,000 patents and a focus on sustainable solutions.
Eastman Kodak Company (NYSE: KODK) reported financial results for Q1 2024, with consolidated revenues of $249 million, a decrease of 10% from Q1 2023. Gross profit was $49 million, a 2% decrease. GAAP net income was $32 million, down 3%. Operational EBITDA was $4 million, a 56% decrease. Kodak's cash balance increased to $262 million. The company highlighted investments in print and advanced materials and chemicals to drive growth.
Kodak will host the First-Quarter 2024 Earnings call on Thursday, May 9th, 2024, with Executive Chairman and CEO James Continenza and CFO David Bullwinkle. The conference aims to discuss the financial results with analysts and investors.
FAQ
What is the current stock price of EASTMAN KODAK COMPANY (KODK)?
What is the market cap of EASTMAN KODAK COMPANY (KODK)?
What does Eastman Kodak Company do?
What are Kodak's main business segments?
Where does Kodak generate its revenue from?
What recent achievements has Kodak made?
What is Kodak's commitment to sustainability?
How long has Kodak been in the industry?
What is Kodak's approach to research and development?
Who are Kodak's primary customers?
Where can I find more information about Kodak?
How can I stay updated with Kodak's latest news?
